In this presentation, Kraken Energy CEO Matthew Schwab highlights the company’s focus on uranium exploration and development in the United States. With four high-grade assets in tier-one mining jurisdictions, Kraken is well-positioned to address the growing uranium demand. Schwab shares updates on maiden drill results, exploration plans for 2024, and the additional economic potential from other minerals like gold and vanadium. Discover Kraken’s strategy to leverage advanced infrastructure and unlock value in uranium-rich regions.
A great presentation that you don’t want to miss!
WATCH IT HERE: Uranium Exploration & Development in the United States – Kraken Energy
CSE: UUSAÂ |Â OTCQB: UUSAFÂ |Â 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
- 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.
- 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.
- 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.
- 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
