As the global nuclear energy sector expands, with several countries planning new plants to capitalize on the advantages of nuclear power - such as zero carbon emissions, high uptime, and streamlined infrastructure - it is surprising that the United States heavily relies on uranium imports, despite its potential for energy independence.
https://www.thestar.com/business/opinion/2023/07/11/in-our-fight-against-climate-change-how-about-a-carbon-zero-fuel-why-nuclears-moment-is-now-.html
Recognizing the growing demand in the domestic market, Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors) has taken a decisive stance to advance its high-grade past-producing uranium properties within the United States. The company's focus lies on its strategic projects in tier-1 mining jurisdictions - the Apex, Garfield Hills, Huber Hills and Harts Point Projects - with the ambition to emerge as a prominent domestic uranium producer.
In a recent announcement, UUSA revealed the commencement of drilling activities at the Harts Point Project, with a specific focus on three precision drill holes along a 5km strike.
The primary objective of UUSA's drilling efforts is to intersect the uranium-bearing potential of the favorable Chinle Formation host rock.
Harts Point is situated within Utah's Colorado Plateau, an area with an illustrious history of uranium production dating back to the 1950s. The region has yielded over 328 million pounds of UO with concentrations ranging from 0.2 to 0.4%.
Historical data from oil and gas wells near Harts Point have revealed "off-scale" radioactivity, providing promising indications for Kraken Energy's exploration endeavors.
Full News Release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-at-harts-point-uranium-property-utah/ Posted on behalf of Kraken Energy Corp.