Uranium demand is projected to rise significantly in the coming years as it plays a crucial role in electrification and reducing dependence on carbon-based energy sources. The World Nuclear Association expects demand to increase from 162 million pounds in 2021 to 206 million pounds by 2030 and 292 million pounds by 2040.
Source: https://magazine.cim.org/en/news/2021/the-cyclical-surge-of-uranium-en/
Kraken Energy Corp. (UUSA.c or UUSAF for US investors) is actively focused on advancing its high-grade past-producing uranium properties in the United States, recognizing the potential of the domestic market.
Today, UUSA closed up 4%.
Positioned in Nevada, UUSA holds three past producing properties and has recently added the Harts Point Uranium Project in Utah's Colorado Plateau to its portfolio.
The company is preparing for its initial drilling phase at Harts Point, targeting historically significant holes that exhibited promising radioactivity, indicating the presence of uranium mineralization.
Drilling is expected to start before the end of the month.
More here: https://krakenenergycorp.com/news/2023/kraken-energy-receives-drilling-permit-for-20-drill-pad-locations-for-phase-i-drill-program-at-harts-point/
Posted on behalf of Kraken Energy Corp.