"We're not looking to make a discover, we're looking to go back and build up a resource other companies work and exploit those resources that were left behind
The push to revive nuclear power is continuing to grain traction with the US White House supporting the rebuilding of domestic uranium production to establish a secure supply for the US' current and future nuclear fleet alongside reduce reliance on foreign supplies of uranium, making the industry ripe for growth.
Currently, the US nuclear power industry is dependent on cheap Russian uranium making it necessary for the US to ramp up domestic production and be less dependent on foreign supply. Nevada is perfectly strategically positioned for this based on its location and its unique geology making it the leading US producer of a range of minerals.
One company worth considering to capitalize on this market is Kraken Energy (UUSA.c UUSAF):
With three high-grade and past-producing uranium projects located in the US, including the Apex Uranium Mine, Nevada's largest past-producing uranium mine, UUSA is focused on fast-tracking these projects to a production ready state and lessening initial investment risk by skipping Greenfields exploration.
Recently, UUSA intersected additional elevated radioactivity over wide zones at its Garfield Hills Uranium Property in Nevada, expanding the mineralized footprint.
A total of 11 completed holes were drilled during the 2022/2023 program to confirm historical drilling and extend the mineralization at the Garfield Hills property, all of which returned wide zones of elevated radioactivity.
"The continued intersection of elevated radioactivity across drill targets at Garfield Hills combined with a 4 km strike of confirmed surface mineralization is highly encouraging as we continue to build the extent and potential of uranium resource potential on the property," stated CEO, Matthew Schwab. "With the known drilling area open in all directions and at depth, our team is eager to begin planning a follow-up Phase 2 drilling program at Garfield Hills for 2023."
Peter Grandich interviews Kraken Energy President & CEO, Matthew Schwab: https://youtu.be/G98e1o5XEEM
News release:
https://krakenenergycorp.com/news/2023/kraken-energy-intersects-additional-elevated-radioactivity-over-wide-zones-expanding-mineralized-footprint-at-garfield-hills-uranium-property-nevada/ Posted on behalf of Kraken Energy Corp