Countries around the world, including the United States, are erecting new nuclear reactors to leverage the benefits of zero carbon emissions and efficient infrastructure.
Source: https://www.power-technology.com/features/new-nuclear-projects-where-when/
However, despite this global trend, the United States continues to heavily rely on uranium imports. In light of this, Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors) is resolute in its commitment to developing high-grade past-producing uranium properties within the country, aiming to address the growing domestic demand and bolster domestic production.
As explained in the video below, UUSA operates in tier-1 mining jurisdictions situated in the highly productive mining states of Nevada and Utah. UUSA's projects enjoy substantial infrastructure advantages, with convenient access to roads, water, electricity, and a well-established logistical base.
Full video here:
UUSA boasts control over the Apex, Garfield Hills, and Huber Hills Uranium Projects in Nevada, and the Harts Point Uranium Project in Utah.
More specifically, the Harts Point Uranium Property is located in the Colorado Plateau which is often referred to as 'the Athabasca Basin of the US.' One of the standout advantages of Harts Point is its close proximity to crucial infrastructure, being a mere 64 kilometers north of the White Mesa Uranium Mill – the sole fully licensed and operational conventional uranium mill in the United States.
UUSA has commenced drilling operations at Harts Point, with the primary objective of intersecting the potentially uranium-rich Chinle Formation host rock.
Notably, oil and gas wells near the project have displayed remarkable "off-scale" radioactivity according to historical data.
Full Press Release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-at-harts-point-uranium-property-utah/ Posted on behalf of Kraken Energy Corp.