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Kraken Energy Corp (UUSA)

CSE
Currency in CAD
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0.11
-0.01(-4.35%)
Closed

UUSA Comments

Kraken Energy just reported the completion of their UAV study at their Apex Uranium property on a combined land package of over 3,900 hectares identifying multiple additional priority drill targets via discovery of previously unknown radioactivity on the surface. Drilling is slated to begin Q2 2023. Update on YouTube video titled: News// Kraken Energy - Geophysical Surveys Completed at Kraken Energy’s Apex Uranium Property
With the geophysical survey at Apex completed and high-priority targets now identified, I'm looking at how they can build on this for their drilling program. As the energy crisis continues to grip the world, nuclear energy is one of the only cost-effective, green, and efficient methods of energy production. Don't forget that Apex accounts for nearly 50% of Nevada's historical uranium production.
Drilling at Garfield Hills should commence in just a few days as Phase 1 includes a 2,000m program starting in mid-October. The overall permit allows for up to 5,000m of drilling in 25 holes, developments at the property are starting to get interesting especially as they build off the newly staked claims and recent sampling.
Kraken continues to be a solid domestic uranium play that I’m holding. More news to come on their progress at Apex, but reposting an update from their Apex project which is home to the largest past-producing uranium mine in Nevada. Last we heard they’ve identified anomalous radon trends which reflect a potential extension or repetition of uranium mineralization at Apex.
Kraken saw some nice volume in the past few days even breaching the $1 mark earlier today.Lots to be bullish on while the company continues developing their Apex project at the largest past-producing Uranium mine in Nevada coupled with the massive US investment for domestic uranium supplies and the hot outlook on many other uranium stocks make this a highly undervalued play.
Kraken announces completion of their radon in soil gas survey with encouraging results identifying anomalous radon trends on their Apex property. Trend A-C reporting groupings of radon anomalies and strong potential for calcrete uranium mineralization - a significant discovery that provides important layers of data for drill targeting.
Kraken Energy’s Chairman Garrett Ainsworth is on site at their newly acquired Garfield Hills Property discussing Uranium mineralization - a massive 720 acre project with 36 unpatented claims demonstrating strong radioactivity in the salts. See the video on their twitter @krakenenergy1
Kraken Energy adds the Garfield Hills Property (Nevada) to their portfolio leveraging key geological criteria that’s led them to their Apex Property exhibiting significant uranium mineralization in historical drilling with strong growth potential. Historical drilling in 2 holes at Garfield located 183 m apart that include 0.258% U3O8 over 14 m (46 ft) and 0.175% U3O8 over 14 m (46 ft).
Kraken Energy’s wholly-owned subsidiary NevadoCo has signed an option agreement to acquire the Garfield Hills Uranium property located in Nevada’s mineral county comprising historical high-grade uranium mineralization across 36 mineral claims over 720 acres. Following this agreement, UUSA will be conducting an airborne radiometric and magnetic survey, prospecting, geological mapping and geochemical sampling on the property in advance of a maiden diamond drill program.
Kraken’s plans to capitalize on Nevada’s largest past-producing uranium mine are highly promising with clear direct imaging on their targets. They’re positioned to produce new sources of domestic uranium and are fully loaded with $11M+ cash on hand for their planned explorations.
Another step toward first drilling at Kraken’s Apex mine with the current RadonEx survey underway which will further refine priority targets at the site of the once largest Uranium producing mine in Nevada. First drilling planned for later this year.
Staying tuned to updates from Kraken’s Apex Uranium mine. A fully funded ($12M cash on hand) drilling effort underway at their Apex Uranium mine, a historic site once the largest past producing uranium mine in Nevada. This project is impressive showing high grades, located in a great jurisdiction and has the room to grow based on the scope of the deposit
They’ve got $12M cash on hand and are about to commence drilling at Apex Uranium to prove once again why their project was once the “largest past producing uranium mine in Nevada.” Undervalued play with a significant opportunity to get in on a strong (domestic) uranium supply. Apex Uranium Project showing high grade, great jurisdiction with room to expand
Following recent permitting for initial drilling at Kraken’s flagship Apex uranium mine - the company has announced engagement with the leader in low-impact drilling operations, Nasco Industrial Services and Supply. Using low-impact drilling will allow drilling at the historic Apex Mine with minimal surface disturbance and water consumption which are critical considerations when working in Nevada and are aligned with the company’s goals of developing mineral properties in an environmentally responsible manner.
Kraken Energy announces a milestone following submission of permitting for initial drilling at its flagship Apex uranium mine, a historic project located in central Nevada. Noteworthy progress as share values have increased ~15% following this news
Starting to see relative stability here despite the overall markets continuing to consolidate. Solid results from the soil sampling and how they were able to identify areas to follow up on in the future. Uranium is needed to satisfy the growing clean energy demand.
Russian supply dwindling and elevated spot prices are perfect for $IVOR and similar companies. The OTC listing, 100% acquisition of the Apex property, and solid drill results make this an interesting play at these levels. This is definitely going to be one of the top-performing companies this year.
In a serious ‘follow the money’ situation - Peter Grandich doubles down on the recent $10M Ivor private placement announcement saying" I hope to put twice as much into the private placement announced this morning by $IVOR as I did the previous one.” He’s extremely bullish on their Apex project which is recognized as the highest grade uranium project with the most potential in the US. Check this article for his summary of key reasons for choosing to do so - google From The Desk Of Peter Grandich posted on Apr 1
Great news for Ivor Exploration announcing today the undertaking of a non-brokered private placement which will raise gross proceeds of up to $10M. Proceeds of which will be used for drilling and geophysics at Apex Project, Nevada. This is an extremely hot project - considered the biggest past-producing Uranium mine in Nevada, especially considering the mounting tensions with Russia’s threats on uranium supplies.
Ivor Exploration has recently appointed Garret Ainsworth as Lead Technical Advisor for uranium. This is another strong appointment following the trend they’re attracting award-winning, top tier talent to their team. Garret is an award-winning, top uranium geologist and one of the most outstanding mining executives in the uranium industry. Noteworthy mention aside from his multiple award wins from uranium discoveries, is that Ainsworth was serving as President Exploration and Development at NexGen Energy during its development of one of the largest uranium deposits in the world.
Ivor just announced the appointment of Vivien Chuang as their new CFO effective immediately. Ms. Chuang has a strong background that compliments this role with 15+ years experience in the resource/mining sector with recent experience as CFO for AAZ, another top uranium developer in the world-class Athabasca region. This news follows the recent closing of a non-brokered private placement raising $2.5M gross proceeds funding their impressive Apex Mine uranium project.
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