Uranium Exploration & Development in the United States – Kraken Energy

Kraken Energy is a new energy company advancing its portfolio of high-grade uranium properties in the Unites States. In this ‘5-Minute Investor Presentation’, Matthew Schwab, President & CEO of Kraken Energy outlines the company’s four uranium projects in Nevada and Utah.

A great presentation that you don’t want to miss!

WATCH IT HERE: Uranium Exploration & Development in the United States – Kraken Energy

CSE: UUSA  |  OTCQB: UUSAF  |  FSE: F2C


HEAD OFFICE
Suite 907 – 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3

T: (604) 684-6730, (604) 628-2669
E: info@krakenenergycorp.com
W: krakenenergycorp.com

For more information, contact:
Matthew Schwab, President and CEO


Key Presentation Insights…

A Junior Uranium Leader in the US Market

Kraken Energy is a junior uranium exploration and development company focused on high-grade assets in the United States, addressing the significant domestic deficit. The US, with a demand of 45-65 million pounds of uranium per year for its 90+ nuclear reactors, produces only about 10,000 pounds annually.

Strategic Assets and Exploration Model

Kraken Energy boasts four high-grade uranium assets, three in Nevada and one in Utah. These assets were past producers with untapped potential and existing reserves:

  • Nevada Projects: Historically high grades with surface samples up to 6% U3O8 and average historic mining grades of 0.25%.
  • Advanced Infrastructure: All projects are road accessible, with electricity and water availability.
Diverse Commodity Potential

Beyond uranium, Kraken’s properties also contain other valuable commodities:

  • Gold, Silver, Copper, Nickel, Molybdenum, Vanadium
Key Projects Overview
  1. Harts Point:
    • Located in the Colorado Plateau, the “Athabasca Basin of the US.”
    • Close to Lisbon Valley Anticline, which produced 81 million pounds of uranium.
    • Recent maiden drilling intersected significant zones of elevated radioactivity.
    • Plans for 10 additional drill holes in 2024.
  2. Apex Mine:
    • Original flagship project with surface samples up to 6% U3O8.
    • Historical mining grades of 0.25% U3O8, silver grades up to 7,300 g/t, and gold values up to 15 g/t.
    • 17.5 km mineralized strike length on surface.
    • Permitting in progress with drilling expected to start in August 2024.
  3. Garfield Hills:
    • Located 12 km east of Hawthorne, Nevada.
    • Successful maiden drilling program in early 2023.
    • 4.5 km strike length with confirmed surface mineralization.
    • Phase 2 drilling planned for 2024.
  4. Huber Hills:
    • Encompasses the historic Racetrack open pit mine.
    • Samples range from 0.102% to 0.237% U3O8.
    • Upcoming surveys to better understand geology before Phase 1 drilling.
Upcoming Plans and Progress
  • Garfield Hills: Planning Phase 2 drilling program for 2024.
  • Apex: Drilling to begin in August 2024 with permitting underway.
  • Huber Hills: Initial surveys to be conducted, with drilling potential later in 2024.
  • Harts Point: Additional 10 drill holes planned for 2024 following encouraging maiden drilling results.
Capital Structure and Market Position
  • Trading between 10 to 15 cents, market cap of $6 to $8.5 million CAD.
  • 58 million shares outstanding, fully diluted, with no warrants.
  • Roughly $2 million in treasury, with 22% of the company held by management and insiders.
Summary

Kraken Energy is strategically positioned to capitalize on the growing uranium market with four high-grade US assets. Utilizing advanced infrastructure, exploring additional commodities, and building a robust team, Kraken Energy aims for significant growth and success.

$uusa #uranium #energy #nevada  #utah

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