In a recent interview with InvestorNews host Tracy Weslosky, Kraken Energy Corp.’s (CSE: UUSA | OTCQB: UUSAF) CEO and Director Matthew Schwab discussed their recent breakthrough announcement about receiving drill permit for their past producing Apex Uranium Property in Nevada, USA.

As one of Nevada’s largest past-producing uranium mines, Matthew said that the Apex property spans nearly 17.5 kilometers in strike length with high-grade surface samples of up to 6% U3O8. The upcoming drilling program aims to test priority targets and potentially justify further advanced exploration along the mineralized trend.

The conversation shifted to the surging interest in uranium, and the uranium spot price reaching $70 per pound, a mark unseen since 2011. Matthew emphasized the unique position of the U.S., facing a substantial uranium demand for its 90 plus nuclear reactors while producing very little of it domestically. This creates a supply deficit that is only going to get worse in the coming years.

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About Kraken Energy Corp.

Kraken Energy Corp. is a new energy company advancing its portfolio of high-grade uranium properties in the Unites States. The Company is advancing its 100%-owned Apex Uranium Property, located 280 km (174 miles) east from Reno, Nevada which is recognized as Nevada’s largest past-producing uranium mine. The Company has additionally entered into an option agreement to earn 100% of the Garfield Hills Uranium Property. The past-producing Garfield Hills Uranium Property covers 1,238 ha (3,060 acres) and is located 19 km (12 miles) east of Hawthorne in Mineral County, Nevada. Kraken Energy has also recently staked the Huber Hills Uranium Property, located 136 km (85 miles) north of Elko, Nevada which covers 1,044 ha (2,580 acres) and encompasses the historic Race Track open pit mine. The Company has recently entered into an option agreement to earn 75% of the Harts Point Uranium Property. The Harts Point Uranium Property covers 2,622 ha (6,480 acres) and is located 49 km (30 miles) northwest of Monticello in San Juan County, Utah.

To learn more about Kraken Energy Corp., click here

Disclaimer: Kraken Energy Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

In a recent interview with InvestorNews, Raymond Ashley, President and Director of F3 Uranium Corp. (TSXV: FUU | OTCQB: FUUFF), discussed the Company’s remarkable growth and its strategic position in the uranium sector. Ashley highlighted F3 Uranium’s exceptional performance, with its market cap soaring from $20 million to approximately $150 million in less than a year. He attributed this success to the company’s discovery and the overall interest in the uranium sector, which is currently experiencing increased global acceptance as a solution for generating base load power without greenhouse gas emissions.

Ashley emphasized the significant endorsement from Denison Mines Corp. (TSX: DML | NYSE American: DNN), which made a strategic investment in F3 Uranium. This investment is seen as a vote of confidence in F3’s high-grade uranium discovery at a shallow depth in the southwest Athabasca Basin. He explained that the primary question now is the extent of the uranium deposit.

Furthermore, Ashley shed light on the use of advanced technology, such as the MobileMT Electromagnetic survey, to explore additional mineralized zones at the Patterson Lake North (PLN) property. This technology has revealed new potential zones and extended the known shear zone, indicating the possibility of more discoveries.

Regarding the PLN project’s significance, Ashley noted its proximity to major uranium deposits and its potential for hosting additional mineralization along newly identified structures. He emphasized that the PLN property, being F3’s flagship project, is strategically located in an area known for significant uranium discoveries and has the potential for both unconformity mineralization and sandstone-hosted components.

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About F3 Uranium Corp.

F3 Uranium is advancing the newly discovered high-grade JR Zone on the PLN Property in the Western Athabasca Basin. This area of Saskatchewan is poised to become a major uranium producing region and is home to large deposits including Triple R, Arrow and Shea Creek. F3 Uranium currently has 18 projects in the Athabasca Basin.

To learn more about F3 Uranium Corp., click here

Disclaimer: F3 Uranium Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR), a prominent player in the uranium and rare earth industries, unveiled its financial results for the quarter ending September 30, 2023. With exponential growth and remarkable achievements, join me on their webcast at 4PM EST (today, 11-06-2023) to secure the full update.

Q3-2023 Financial Highlights

• The quarter boasted a stellar balance sheet with $162.50 million in working capital, a marked improvement from the $116.97 million as of December 31, 2022. The company’s position is reinforced with zero debt and significant assets in cash, marketable securities, and inventory.
• The net income for the quarter stood at $10.47 million or $0.07 per share. This includes the impressive sale of 180,000 pounds of uranium (U₃O₈) to a leading U.S. nuclear utility, garnering a gross profit margin of 50%.
• While uranium remains a significant part of their portfolio, Energy Fuels is also actively diversifying. Efforts towards developing commercial rare earth separation capabilities are ongoing, and results thus far are promising.

Uranium: The Backbone of Energy Fuels

Uranium sales have seen a consistent upswing in 2023. Notably, the company sold 180,000 pounds of U₃O₈ at a commendable gross margin of 50% this quarter.

Furthermore, the proactive approach towards preparing four of their conventional uranium mines for production signifies Energy Fuels’ commitment to bolstering their uranium segment. The company aims to commence production in these mines by early 2024.

Rare Earths: The Road Ahead

Energy Fuels is making strides in the rare earth sector. Their ambitious “Phase 1” is set to be completed by early 2024, positioning them as a dominant producer of neodymium-praseodymium (NdPr) oxide outside China. This venture alone could cater to up to 1 million electric vehicles annually.

With “Phase 2” and “Phase 3” on the horizon, Energy Fuels is strategically positioning itself to meet the growing demand for rare earth elements, essential for various industries.

A Glance at Vanadium

Though the company did not sell any vanadium this quarter, their strategy seems to be geared towards leveraging market strength, as evident from their Q1-2023 sales.

CEO’s Perspective

Mark S. Chalmers, President and CEO of Energy Fuels, lauds the company’s progress. In his statement, he emphasized the company’s vision to establish a U.S. critical mineral hub. He highlighted the successful uranium sales and their vision for the rare earths supply chain.

Chalmers aptly said, “Energy Fuels’ business strategy and execution sits at an intersection of rapidly growing commodity markets, critical to the clean energy transition.”

Closing Thoughts and What’s Next

Today, we will be on the conference call scheduled for 4PM EST, eager to understand more about Energy Fuels’ future plans and the way forward.

With its strategic focus on both uranium and rare earths, Energy Fuels is well down the path to becoming the American Critical Mineral Powerhouse.

Author’s Note: To access the detailed Q3-2023 report, please visit the official SEC or SEDAR websites, or [Energy Fuels’ website].

F3 Uranium Corp. (TSXV: FUU | OTCQB: FUUFF) has secured a significant $15 million strategic investment from Denison Mines Corp. (TSX: DML | NYSE American: DNN) through the acquisition of unsecured convertible debentures. These debentures can be converted into F3 common shares at a conversion price of $0.56 per share, representing a 30% premium over F3’s recent five-day average stock price. Upon conversion, Denison is set to own approximately 6% of F3’s outstanding shares.

Dev Randhawa, F3’s CEO, expressed enthusiasm for Denison’s involvement, citing their leadership in the uranium industry and their diverse assets in the Athabasca Basin, where F3 is actively developing the Patterson Lake North (PLN) property.

Denison’s President and CEO, David Cates, commended F3’s impressive exploration track record, particularly their discovery of the JR Zone on the PLN property, which is considered one of the top new uranium finds globally. Denison is eager to support further assessment of the PLN property through this investment.

The debentures will carry a 9% coupon, payable quarterly over a 5-year term, and offer conversion into common shares. F3 has the discretion to pay up to one-third of the interest in common shares based on the trading price. The company can also redeem the debentures under specific conditions, including a change of control.

The proceeds from the debentures will primarily fund exploration and development of the PLN property, as well as general working capital needs.

The transaction is expected to close around October 18, 2023, subject to regulatory approvals. Legal counsel includes Blake, Cassels & Graydon LLP for F3 and Osler, Hoskin & Harcourt LLP for Denison, with Haywood Securities Inc. advising F3 and Canaccord Genuity Corp. advising Denison.

F3’s PLN project, spanning 4,078 hectares, is strategically located near other high-grade uranium deposits in the Athabasca Basin, making it a significant area for uranium development in northern Saskatchewan. Raymond Ashley, P.Geo., President & COO of F3, has verified the technical information in compliance with Canadian regulatory requirements.

F3 Uranium Corp. is actively advancing uranium projects in the Athabasca Basin and holds a portfolio of 16 projects in this high-grade uranium discovery region. Their focus includes the newly discovered high-grade JR Zone on the PLN Property, aligning with Saskatchewan’s potential to become a major uranium production hub.

“When you talk about our quarter and our seventh year we are very pleased,” Jeffrey Klenda, Chairman, President, and CEO of Ur‐Energy Inc. (NYSE American: URG | TSX: URE), told InvestorIntel’s Tracy Weslosky in an interview. “We started production in August of 2013. The thing that is most astonishing about it is that during that time we have emerged as one of the lowest cost producers, not just in North America but globally.”

“Our recovery rate is in excess of 90%,” Klenda told InvestorIntel. “We are still producing out of our first mine unit, seven years after we first started production there. That is extraordinary considering that most mine units last about two to three years before they are done. It’s a beast of a project. We are in the second mine unit now and we have ten mine units to go after this. So, it is going to be a long life project.”

Jeffrey went on to speak about the Russian Suspension Agreement. He said that the Agreement has morphed into a way for Russian companies to dump nuclear fuel into the US market. As a result, the US has developed an inordinate dependency on the Russian supply. He cautioned, “it is an unwise energy policy and it is downright dangerous national security policy.”

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Disclaimer: Ur‐Energy Inc. is an advertorial member of InvestorIntel Corp.