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
- 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
