UUSA Up 15% today

Kraken Energy popped up over 15% today

Why?
Here’s a good article that explains why Kraken Energy is poised to take advantage of a favourable Uranium market:
https://investorintel.com/energy-oil-gas-uranium/kraken-energy-poised-to-revitalize-historic-uranium-mines-in-nevada/

3 key points:

1. Favourable market for Uranium, seen as a key resource in the Net Zero goals of countries and corporations
2. Hub & Spoke model is cost effective and takes advantage of the prolific mines in the Nevada area that Kraken now controls:
   Apex
   Garfield Hills
   Huber Hills
3. “Fast forward to 2023 and we have a much more favorable environment for the uranium sector with higher uranium prices (US$50.45/lb) and positive U.S. government support. Therein lies the opportunity for Kraken to bring the Apex Uranium Mine and Property back to life”

The US government is trying to reduce the reliance on Russian Uranium and Kraken Energy is in a great position to utilize the prolific past producing Nevada region to provide more local Uranium.

Posted on behalf of Kraken Energy