Kraken Energy Corp C.UUSA

UUSA.c signs agreement for option to acquire Harts Point

[1StockInformer]

Those already invested in US-based uranium explorers know that the American Government is showing support for domestic uranium production. The two major reasons for this are that the US wants to continue relying on nuclear energy as a carbon-free energy source and that it wants to reduce its reliance on Russia for uranium imports. More info here: [url=https://www.reuters.com/markets/us/us-developing-domestic-uranium-strategy-energy-secretary-2022-10-26/https://www.reuters.com/markets/us/us-developing-domestic-uranium-strategy-energy-secretary-2022-10-26/][/url]

 

Kraken Energy Corp. (UUSA.c or UUSAF for US investors) is positioning itself to become a domestic uranium producer in the US with its 3 past producing properties in the tier-one jurisdiction of Nevada the Apex, Garfield Hills, and Huber Hills projects.

 

UUSA also signed an option agreement to acquire up to 75% interest in the Harts Point Uranium Property last week. 

 

Harts Point (2,622 ha) is situated in the Colorado Plateau, an area known for its uranium production. The property contains an anticline which is comparable to the Lisbon Valley Anticline. That anticline yielded ~80 million pounds of U3O8 at 0.34% U3O8 from the mid-1940's to the late 1980's. 

 

Learn more about UUSA and this new property here: 

https://krakenenergycorp.com/news/2023/kraken-energy-executes-binding-letter-agreement-for-the-harts-point-uranium-property-utah/  Posted on behalf of Kraken Energy Corp.