1) Kraken Energy Corp
OTCMKTS: UUSAF
0.18 USD −0.010 (5.53%) today
This Visionary, “High Grade-Focused” Uranium Company Appears Significantly Undervalued
URGENT: Little-known Kraken Energy (CSE: UUSA); (OTC: UUSAF) is taking a unique approach to fast-tracking their projects to a production ready state
Here’s why this company could be a fast mover.
7 Key Reasons Why You Should Consider Kraken Energy (CSE: UUSA); (OTC: UUSAF) Tomorrow:
- High-Upside Property in World Class Uranium Jurisdiction: On July 5th, 2023 Kraken Energy Corp. announced it had entered into an option agreement to acquire up to a 75% interest in the Harts Point Uranium Property in southeast Utah. The property is located in the center of the Colorado Plateau, which has produced over 328 million pounds of uranium at 0.2 to 0.4% U3O8 since the 1950s. The Company has plans in place for 2023 to drill up to 25 exploration holes and is located between several historic mines with proven production history of over 80 million pounds of uranium.
- Kraken Energy’s Vision Involves Proven Criteria for Property Selection: One of the unique things about Kraken Energy (CSE: UUSA); (OTC: UUSAF) when compared to other resource companies is its unique vision for success. Kraken Energy is building a U.S.-based uranium hub and spoke model to service domestic energy demand…and in doing so they are completely bypassing the stage of greenfield exploration and the large risk associated with it. The company instead insists that all potential property acquisitions meet a checklist of selection criteria that includes – among other characteristics – a history of past production or a pre-defined resource on the property.
- Kraken Energy’s Portfolio Includes 3 High-Grade Nevada-Based Projects with Significant Upside: In addition to the new Harts Point Property, the company’s Garfield Hills Uranium Project has completed a maiden exploration program at their Garfield Hills Property with results of up to 1.007% U3O8. Kraken Energy’s Apex Uranium Mine is Nevada’s largest past-producing mine – representing 50% of the state’s historic uranium output – and has an average grade of ~0.25% U3O8 and current grab samples up to 3.19% U3O8 . In addition, the company’s Huber Hills Uranium Project is Elko County’s largest uranium past producer with past production of ~10,000 pounds of U3O8 at 0.24% U3O8.
- High-Upside Opportunity to Leverage Uranium Bull Market: With four high-potential uranium projects, Kraken Energy offers significant upside potential – and smart exposure to soaring uranium prices – as it advances its assets. Of course, the company’s potential could also make it an attractive candidate for a buyout from a major looking to add a stable of high-grade uranium properties in North America. Either scenario could be potentially lucrative for investors in Kraken Energy (CSE: UUSA); (OTC: UUSAF).
- Government Incentives Provide Huge Tailwind for the Industry: The U.S. government clearly believes nuclear power is a crucial source of virtually carbon-free electricity needed to meet its clean energy goals. To that end, the Biden administration recently announced the offering of a fresh $1.2 billion in aid to extend the life of distressed nuclear power plants.[ii] In addition, the U.S. strategic uranium reserve recently awarded its first contracts – at a price as high as $70 per pound when uranium spot prices are currently around $65.[ii] This likely reflects U.S. desire to discontinue reliance on Russia or any other non-friendly countries for critical supply chains.
- Kraken Has An Incredibly Strong Treasury: As of this writing, Kraken Energy (CSE: UUSA); (OTC: UUSAF) has roughly CAD $5M in cash with a market cap of $16M This is very significant as many junior uranium explorers are under-capitalized and are unable to raise money for the exploration programs. This makes Kraken stand out from the rest and if you consider that they are proving out their geological model with the cash on hand, (with lots of room), a significant discovery could lead to a re-rate in the market. Investors looking for the best way to take advantage of North American energy demand should consider this potentially fast-moving opportunity. Kraken Energy appears to be very well positioned with the potential to see a significant change in valuation as word begins to spread about its uranium projects.
- Kraken Energy is Led by a Highly Successful Group of Professionals: The Kraken Energyteam is a highly respected group with a full spectrum of uranium experience and a proven history of success. This includes everything from exploration and discovery all the way through production.
Dislaimer: This content is made for entertainment purposes only. This is not financial advice. TinyStockNews.com was paid $3000 by a third party to cover Kraken Energy (CSE: UUSA); (OTC: UUSAF) on 10/23/23 for a 1 day Website, Youtube and Telegram Coverage.
