1

The Kraken Uranium Strategy is On

Kraken Energy is building a portfolio of 5-10 uranium projects in tier one locations in the USA

Kraken Energy Corp. (CSE: UUSA | OTCQB: UUSAF) (“Kraken”) is focused on growing and advancing its portfolio of uranium properties in the United States. Kraken owns 4 uranium projects in Nevada and Utah. The concept is to develop a hub and spoke model with several uranium mines feeding a central mill.

Kraken’s 4 uranium projects in the USA are:

  • Apex Uranium Property (100% owned) (Nevada)
  • Garfield Hills Uranium Property (option to acquire 100%) (Nevada)
  • Huber Hills Property (100% owned) (Nevada)
  • Harts Point Uranium Property (option agreement to earn 75%) (Utah)

Note: Kraken’s Apex Uranium Property contains the Apex Uranium Mine, Nevada’s largest past-producing uranium mine. For details on the above first 3 Nevada projects you can read our past article here and on the newly acquired Utah project you can read our article here.

Kraken’s strategy to develop a new US domestic source of uranium

Kraken’s strategy is to rapidly assemble and develop a portfolio of 5-10 uranium projects in the USA, each with potential deposits of 10 to 50 million tonnes of uranium. Ideal targets are those projects with past producing uranium mines or a historical uranium resource and ideally valuable by-products. Projects need to be in Tier 1 mining jurisdictions and have access to infrastructure and year round access.

Thereafter the goal is to rapidly bring these properties to a Pre-Feasibility or Feasibility Stage and ultimately establish a sustainable ‘hub and spoke’ mining model. Kraken’s strategy is to focus on states in the US that have a strong uranium mining history where there is a willingness to get projects to production. So far Kraken’s projects are in Nevada and Utah, but they are also looking at Wyoming, Colorado, and New Mexico. Many of these regions have a history of uranium projects dating back to the 1950’s and 1960’s that have largely been forgotten.

Kraken’s vision to build a U.S-based uranium hub and spoke model to service domestic energy demand

Source: Kraken company presentation

Kraken’s latest news

As announced on July 5, 2023, Kraken has received permits to drill the Harts Point Uranium Property in Utah. Kraken state that the drilling

is expected to begin in early July. Phase I of the drill program includes an initial 2,000 meters (m) of drilling to twin the three historical holes which span 5 kilometers (“km”) of strike that returned off-scale radioactivity from downhole probe readings.

High radioactive readings are potentially a good indicator of uranium.

Kraken CEO, Matthew Schwab comments:

“The Harts Point Property is within a district that has had significant historical uranium production, and the Property itself contains three historic oil and gas drill holes across a 5 km strike that returned intervals of off-scale radioactivity within the same geologic unit that has been historically mined in the district. These attributes along with others represent exceptional exploration potential to discover a trend of high-grade uranium deposits located within a pro-mining jurisdiction.….”

As announced on June 6, 2023, Kraken reported geochemical assay results from its maiden drilling program at the Garfield Hills Uranium Property. The results were solid with Kraken stating:

Of the 11 completed holes, 7 holes encountered shallow, flat lying uranium mineralization, highlighted by hole GH22-01 which intersected a broad 12.5 m interval of 0.036% U3O8 starting from a depth of 23.0 m, and hole GH23-04 which returned 7.0 m of 0.029% U3O8 from 17.5 m.

The drill results were spread over an area of flat lying uranium mineralization covering 400m by 900m.

Also positive was that additional surface soil sampling along 4 km of strike returned high-grade chemical assay results of over 1.0% U3O8. This suggests it is possible that the uranium mineralization is spread over a much larger area and warrants further drilling.

Closing remarks

Kraken Energy is really ‘cracking along’. Kraken has now acquired 4 USA based uranium projects and intends to grow this to 5-10 projects with a goal to rebuild the US domestic uranium supply chain. Kraken’s strategy is a simple and cost effective way of building a potential significant future uranium production company. At the current pace, investors should not have to wait too long for more potentially good news on their progress. Drill results at the Harts Point Uranium Property will be eagerly awaited.

Kraken Energy trades with a market cap of C$15 million with C$6.5 million cash on hand as of July 2023.




Matthew Schwab of Kraken Energy Discusses the Harts Point Uranium Project Acquisition in the US

In this InvestorIntel interview, Jack Lifton talks with Kraken Energy Corp.’s (CSE: UUSA | OTCQB: UUSAF) CEO and Director Matthew Schwab about how Kraken is reviving past producing uranium mines to set up domestic uranium production in the United States.

Speaking about Kraken’s high-calibre team with extensive uranium expertise, Matthew provides an update on their recent agreement to acquire up to 75% interest in the Harts Point Uranium Property in southeast Utah, USA.

Rather than seeking new discoveries, Matthew says that Kraken is looking to exploit resources with near-surface mineralization that were taken out of production due to the removal of incentives by the US government in the late 1950s and 1960s. Matthew believes that they can move these projects towards production in a shorter timeframe in the US than in other jurisdictions.

The interview also touches on the issue of the US’ dependence on foreign uranium, despite having a significant number of nuclear power reactors, and the need for domestic production.

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here

About Kraken Energy Corp.

Kraken Energy Corp. (CSE: UUSA | OTCQB: UUSAF) is a new energy company advancing its portfolio of high-grade uranium properties in the United States. The Company is advancing its 100%-owned Apex Uranium Property, located 280 km (174 miles) east of 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. The Company 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.

To learn more about Kraken Energy Corp., click here

Disclaimer: Kraken Energy Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Kraken Energy Adds Utah Project to its U.S. Uranium Project Portfolio

As the newest National Hockey League franchise, the Seattle Kraken, continue to surprise the opposition in Round 2 of the NHL playoffs, in only their second year of existence, I thought that would be a good reason to look at another Kraken. Something a little more investable than a hockey team. Unless of course, you are one of the many celebrities joining consortiums to bid upwards of $1 billion on the Ottawa Senators (The Weeknd, Snoop Dogg, Ryan Reynolds). That price tag is well outside of my financial capacity, so instead we’ll look at something a lot more affordable, a U.S. uranium player called Kraken Energy Corp. (CSE: UUSA | OTCQB: UUSAF).

Kraken Energy is a relatively new energy company developing a portfolio of uranium properties in the United States. Kraken ‘emerged’ from the depths after shifting its focus to the clean energy sector and changing its company name in early 2022.

The Company is advancing its 100%-owned Apex Uranium Property, located 280 km (174 miles) east of 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 also in Nevada as well as its most recent acquisition of up to a 75% interest in the Harts Point Uranium Property in San Juan County, southeast Utah. All of Kraken’s uranium projects are located in the Tier 1 mining jurisdictions of Nevada and Utah.

Kraken Acquires the Harts Point Uranium Project in Utah

Last week, the Company announced it had entered into a binding letter of agreement to acquire up to a 75% interest in the Harts Point Uranium Property, located in the center of the Colorado Plateau, referred to by some as “the US version of the Athabasca Basin”. According to the Company’s news release, the Colorado Plateau has produced over 328 million lbs U₃O₈ at 0.2 to 0.4% U₃O₈ since the 1950s.

Harts Point Anticline is analogous to the Lisbon Valley Anticline, located 31 km (19 miles) to the east, where the Lisbon Valley Uranium District had 17 large uranium mines which produced approximately 80 million lbs U₃O₈ at 0.34% U₃O₈ from 1948 to 1988. Also of note, Harts Point is located 64 km (40 miles) north of the White Mesa Uranium Mill, the only fully licensed and operating conventional uranium mill in the United States.

Key to the acquisition of the Harts Point Property, aside from its proximity to historic uranium mines, was three wide-spaced historic oil and gas wells on the Property, along the east flank of the Harts Point Anticline, which showed ‘off-scale’ radioactivity within the favorable Chinle Formation host rock.

FIGURE 1: Recently Acquired Harts Point Uranium Project in Utah

Source: Kraken Energy Corp. Press Release (May 2, 2023)

Continued Exploration at Kraken’s Apex Uranium Property in Nevada

Elsewhere, at Kraken’s Apex Property, the Company reported on the interpretation of a recently flown Versatile Time Domain Electromagnetic (VTEM) and magnetic airborne geophysical survey. The survey was comprised of 669 line km (416 miles) flown with 100-meter (328-foot) spaced lines.

The VTEM survey results have identified numerous conductive anomalies associated with known uranium mineralization on the Property and also along trend to the east-southeast as high-priority blind targets. Conductive anomalies and magnetic highs have significantly upgraded the regional prospectivity on the Apex Property creating an updated geological model and additional geophysical data for drill targeting.

FIGURE 2: Kraken Completes Airborne Geophysical Survey at Apex Uranium Property

Source: Kraken Energy Corp. Press Release (April 26, 2023)

Kraken Completes Phase 1 Drill Program at the Garfield Hills Uranium Project in Nevada

At the Company’s Garfield Hills Uranium Property, Kraken has just wrapped up its Phase 1, 11-hole drill program that started in late 2022 to confirm historical drilling and extend the mineralization. All of the completed drill holes returned wide zones of elevated radioactivity as identified with a downhole gamma probe. Drillhole GH23-06 intersected continuous 14.8 m with downhole probe readings ranging from 253 to 3,364 counts per second (“cps”). Assays have been sent to a lab for analysis and will be released in due course.

The Company continues to define the extent of the potential uranium resource on the property from both the intersection of elevated radioactivity across the drill targets and the confirmed surface mineralization spanning 4 km. With the project area remaining open in all directions and at depth, Kraken is eager to plan a follow-up Phase 2 drill program.

FIGURE 3: Garfield Hills Drill Results Plan Map and Downhole Radioactivity Cross Section

Source: Kraken Energy Corp. Press Release (March 22, 2023)

Next Steps for Kraken

Looking ahead, Kraken has several catalysts. With C$7.5 million in cash on the balance sheet, they are well funded for the numerous drilling programs slated.

  • The Harts Point Property is permitted for up to 25 exploration drill holes upon payment of the US$58,000 bond to the BLM and targets have already been selected.
  • At the Apex Property, the Company is currently pursuing drill permits and hopes to commence drilling before the end of H1/2023.
  • At Garfield Hills, Kraken is planning a follow-up Phase 2 drilling program for 2023. Plus, there are the pending assays from the 11 holes already drilled at Garfield Hills.

Kraken plans to advance its portfolio of energy projects and potentially benefit from the U.S. government’s recent actions to mitigate the risks to its domestic supply chain of uranium for energy, defense, and national security purposes.

Kraken Energy Corp. currently trades at a C$17 million market cap.




John Cash of Ur-Energy Talks about Production from its Lost Creek In-situ Uranium Project in Wyoming

In this InvestorIntel interview during PDAC 2023, Chris Thompson talks to Ur-Energy Inc.‘s (NYSE American: URG | TSX: URE) CEO, Chairman, and President John Cash about Ur-Energy’s uranium sales agreements with U.S. nuclear utilities and Department of Energy’s National Uranium Reserve. With 280,000 pounds of uranium to be sold in 2023 which goes up to 600,000 pounds annually from 2024 – 2028, John discusses how Ur-Energy has locked in reliable long-term revenue for the company.

UR Energy has been producing uranium since 2013 and John provides an update on ramping up production at its Lost Creek in-situ recovery uranium facility in Wyoming. The company recently raised more than $40 million in cash to use as a buffer during ramp-up and also to position itself for potential M&A opportunities.

John explains how their mining technology is low cost and with light environmental footprint. In-situ uranium mining involves installing water wells and injecting chemicals like CO2, baking soda, and oxygen to dissolve uranium underground, and then pumping it up through a production well into a processing plant.

John goes on to provide an update on getting its Shirley Basin project into a state where it’s ready for production and Ur-Energy’s R&D projects on injection well casing and advanced water treatment systems.

To access the full InvestorIntel interview, click here.

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. The Company has produced, packaged, and shipped approximately 2.6 million pounds of U3Ofrom Lost Creek since the commencement of operations. Ur-Energy has all major permits and authorizations to begin construction at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming, and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur‑Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

To know more about Ur-Energy Inc., click here.

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

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Raymond Ashley of F3 Uranium Discusses the “Newest High-Grade Uranium Discovery” & $8M Drill Program

In this InvestorIntel interview during PDAC 2023, Byron W King talks to F3 Uranium Corp.’s (TSXV: FUU | OTCQB: FUUFF) VP Exploration Raymond Ashley about how F3 Uranium has “made the Athabasca Basin’s newest high-grade uranium discovery.” Raymond discusses F3 Uranium’s drill program to grow the newly discovered JR Zone located on their Patterson Lake North (“PLN”) Property in the Athabasca Basin. The JR Zone was discovered during a fall 2022 drill program with a discovery hole that assayed 6.97% U3O8 over 15.0 metres. The company then raised $8 million for a 20-hole follow-up winter drill program that is currently in progress.

Raymond goes on to highlight the competitive advantages of their project’s location being in proximity to large uranium discoveries such as Fission Uranium’s Triple R Project and NexGen Energy’s Arrow uranium deposits. Led by a team responsible for 3 major uranium discoveries in the Athabasca Basin, Raymond says that F3 Uranium has a portfolio of 16 exploration properties in the Athabasca Basin.

To access the full InvestorIntel interview, click here.

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

About F3 Uranium Corp.:

F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world’s largest high-grade uranium discovery. F3 Uranium currently has 16 projects in the Athabasca Basin. Several of F3’s projects are near large uranium discoveries including Triple R, Arrow and Hurricane.

To know more about F3 Uranium Corp., click here.

Disclaimer: F3 Uranium Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Kraken Energy Poised to Revitalize Historic Uranium Mines in Nevada

Kraken Energy Corp. (CSE: UUSA | OTCQB: UUSAF) (“Kraken”) is a US-focused uranium explorer and developer that is poised to revitalize historic uranium mines in the United States. Kraken is advancing its Apex Uranium Property (and famous historic mine) and its Garfield Hills Property (with historic mine), both located in Nevada. Kraken also recently acquired a third uranium property in Nevada named the Huber Hills. Combining the various properties into one project creates the potential for a future Nevada-based uranium hub and spoke model – this means a central mill to be fed by several nearby mining projects.

Apex Uranium Property (100% owned)

The Apex Uranium Property is located 280 km (~174 miles) east of Reno, Nevada, and covers an area of 3,906 hectares (including the new claims). Located on the property is the Apex Uranium Mine, Nevada’s largest past-producing uranium mine. Access to the property is via well-developed local roads which are a 15-minute drive from Highway 50. Being a past mine there is good infrastructure with electricity, water, and a logistics base.

Kraken statesthe total strike length of favorable geology for uranium mineralization now exceeds 13 km.

The Apex Uranium Mine used to provide 50% of the historic uranium output for the state of Nevada and produced and sold ~106,000 lbs of U3O8 in the 1950s. The average historic production grade was 0.25% U3O8.

Source: Kraken company presentation

The Apex Uranium Mine was subsequently halted as the U.S. Atomic Energy Commission announced an end to uranium mining incentives and a slowdown in ore purchases. There has been no development since. 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 Apex Uranium Mine development history

Source: Kraken company presentation

Garfield Hills Uranium Property (option to acquire 100%)

The second majority uranium project for the Company is Garfield Hills. The Garfield Hills Uranium Property totals 1,238 hectares following the newly added claims and is located in Mineral County, Nevada. It has good access and infrastructure. The Property has a historical open pit mine. Historical drill result grades ranged from 0.18% U3O8 to 0.26% U3O8. Kraken stated that its “historic mining grades compare with leading U.S. projects.

Historical uranium grades and drill results at the Garfield Hills Uranium Property

Source: Kraken company presentation

Huber Hills Uranium Property

Finally, there is the Company’s Huber Hills Project in Nevada, Elko County’s largest uranium past producer and no recent exploration. The Huber Hills claims cover an area of 1,044 hectares and include the historic Race Track open pit mine. The minerals claims also cover multiple historic uranium showings and molybdenum prospects, including the Autunite and October uranium showings.

Kraken CEO Matthew Schwab stated:

Huber Hills is a highly prospective land package that fits well with our strategy to acquire and explore high-grade, past-producing US-based uranium projects with the potential to feed a central milling facility as part of a hub and spoke model……..We plan……drone magnetics and radiometrics, geological mapping, and prospecting to confirm existing targets and outline new anomalies, followed by a drilling program targeted for H2 2023.

Closing remarks

Kraken Energy is making some big moves to rebuild the U.S. uranium supply chain. The Company’s strategy of choosing past-producing uranium properties can significantly speed up the development process toward production. Good project access, infrastructure, and existing past mines lessen the costs to bring them back in production when compared to greenfield projects that must start from scratch.

Kraken Energy trades with a market cap of C$19 million. One uranium stock to watch closely in 2023.




F3 Uranium’s Recent Exploration Results Fuel Investor Interest and Share Gains

I’ve mentioned this repeatedly, I love it when a junior mining company has plenty of drill results pending. It’s almost like waiting for Christmas so you can see what’s in all those lovely, wrapped presents under the tree. In this case, exploration companies are unwrapping the mysteries of what lies beneath the earth’s surface. However, for the most part, when these results are press released they are often either average, unimpressive, or even disappointing. That’s because if it were easy, then the world would have as much of every commodity as it wanted and you wouldn’t need exploration companies, you’d just have mining companies. But because it’s not easy, we all get the opportunity to potentially celebrate Christmas morning over and over again.

One company repeatedly celebrating Christmas morning is F3 Uranium Corp. (TSXV: FUU | OTCQB: FUUFF) (formerly Fission 3.0 Corp). It seems they are on quite a roll over the last several months, with almost every time the Company announces some drill results, the stock sees a decent little pop. The momentum began in November 2022 when F3 announced it had intersected extremely radioactive and off-scale (>65,000 Counts Per Second (“cps”)) mineralization in a new uranium discovery at the start of its fall drill program on its 100% owned Patterson Lake North (“PLN”) project in the southwest Athabasca Basin region of Saskatchewan, Canada.

The Company’s large 39,946-hectare PLN property is located just within the south-western edge of the Athabasca Basin and in proximity to Fission Uranium Corp.’s (TSX: FCU | OTCQX: FCUUF) Triple R and NexGen Energy Ltd.’s (TSX: NXE | NYSE: NXE | ASX: NXG) Arrow high-grade world-class uranium deposits which are poised to become the next major area of development for new uranium operations in northern Saskatchewan.

The above results led to a massive 190% rise in F3’s share price over the next 4 trading days. A few days later the Company followed up with news regarding the first follow-up drill hole of the new high-grade discovery on the A1 conductor which intersected 3.48 m of total composite mineralization with greater than 10,000 cps including 2.5 m of total off-scale radioactivity (>65,535 cps). Once again the stock got a decent boost, tacking on another 23% gain. For context, natural gamma radiation in the drill core was measured in Counts Per Second (“cps”) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade, and greater than 65,000 cps as off-scale.

However, the market can be fickle, as witnessed by the fact that further results in mid-December, which seemed to reinforce F3’s success were not interpreted as such. Two of the three holes intersected significant radioactivity but the third hole, due to significant drill hole deviation causing the hole to steepen excessively, led to the target being missed. It seems more emphasis was placed on the miss, versus the two positive holes that further expanded the discovery along strike and up-dip. A brief taste of reality hit the stock as it suffered a 17% haircut in trading on December 12, 2022. Granted that still left F3 Uranium up an impressive 253% since the Fall 2022 drill program started churning out results.

But fear not, the Company managed to get things back on track in 2023. F3 started the year with news that mobilization for a winter 20-hole drill program had commenced. Simply the anticipation of more drill results gave the Company’s share price a 20% lift in trading to start the year. And it appears the market was justified in doing so as two subsequent updates in February resulted in gap-ups in the share price. First, on February 8, the Company reported results from the first eight drill holes at the JR Zone on the PLN Property of which seven are mineralized and five have high-grade mineralization with radioactivity >10,000 cps. As one might anticipate, based on historical action, the share price rallied an impressive 18% on this news.

Then yesterday, F3 announced scintillometer results from four additional holes of the ongoing winter drill program at the JR Zone, including three high-grade intercepts. Drill hole PLN23-050 intersected the widest mineralized interval to date over 21.0m, including 3.19m of composite radioactivity with >10,000 cps and a peak of 57,100 cps at a downhole depth of 255.0m. Once again the market responded favorably, with the stock gapping up and posting a 16% increase on a day that wasn’t very positive to the overall market or other uranium names with the S&P 500 down 2.0%, Cameco down 5.7%, and Energy Fuels down 6.6%.

It would appear that for F3 Uranium, Christmas day is always just around the corner, with investors paying close attention to any and every bit of drill information that the Company announces. So keep those results coming.




John Cash of Ur-Energy Talks About Higher Uranium Prices and Increasing Production to Meet the Demand

In this InvestorIntel interview, Tracy Weslosky talks to Ur-Energy Inc.‘s (NYSE American: URG | TSX: URE) President, CEO, and Chairman John Cash about an update on the uranium market. With the US utilities now looking at domestic uranium supply, John provides an update on Ur-Energy’s sales contracts for the supply of uranium with new long-term contracts and strong profit margins.

With total sales quantity now under contract at 600,000 pounds U3O8 per year, John discusses ramping up production at its Lost Creek in-situ uranium mine. John also provides an update on advancing Ur-Energy’s fully-licensed Shirley Basin Project to meet the demand as they continue to close additional sales contracts.

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. The Company has produced, packaged, and shipped approximately 2.6 million pounds of U3Ofrom Lost Creek since the commencement of operations. Ur-Energy has all major permits and authorizations to begin construction at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming, and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur‑Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

To know more about Ur-Energy Inc., click here

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

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Dev Randhawa of Fission 3.0 talks about US reliance on Russian uranium

In this InvestorIntel interview during PDAC 2022, host Tracy Weslosky talks with Fission 3.0 Corp.‘s (TSXV: FUU | OTCQB: FISOF) Chairman and CEO Dev Randhawa about its uranium projects in the Athabasca Basin and the search for a domestic supply.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Dev says that the uranium “fundamentals are better than ever” he has seen in his 30-year career, with traditional skeptics such as the American Democrats and green energy advocates now embracing nuclear energy as a carbon-neutral fuel.

Making the case for securing a domestic supply of uranium in light of Russian uncertainties, Dev said that “you have to keep in mind in America every fifth household is literally fueled by uranium – without nuclear power they can’t turn the lights on. Every tenth household is powered by Russian uranium.”

Dev also talks about Fission 3.0’s strengths as a North American uranium explorer, including a treasury with $14 million in cash, strong management and project locations near other large uranium discoveries, including Arrow, Triple R and Hurricane.

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

About Fission 3.0 Corp.

Fission 3 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of world’s largest high grade uranium discoveries. Fission 3 currently has 16 projects in the Athabasca Basin. Several of Fission 3’s projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits. Fission 3 is currently planning a winter exploration/drill program on its PLN project.

To know more about Fission 3.0 Corp., click here

Disclaimer: Fission 3.0 Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Assay results to guide Azincourt Energy discoveries at its East Preston uranium project

Azincourt Energy Corp. (TSX: AAZ | OTCQB: AZURF) (Azincourt) is a junior miner focused on uranium in the world-renowned Athabasca Basin, Saskatchewan, Canada. They also have some uranium and lithium projects in Peru which they recently agreed to option out to Oberon Uranium Corp.

Azincourt has recently completed a 5,004m 19 drill hole winter program at their East Preston Project, in the Athabasca Basin, Saskatchewan, Canada. Assay results are expected from April to June, 2022. Azincourt stated in their news release: “With the discovery of at least 1,700 meters of extensive hydrothermal alteration and elevated radioactivity, the Company considers the results of this program to be highly significant.” On the north-south trending K-Zone a “zone of localized elevated radioactivity more than 10 times background values was identified in EP0035 from both handheld scintillometers and a downhole gamma probe.”

Azincourt President and CEO, Alex Klenman, stated: “The discovery of these alteration zones, both along the same trend, covering almost two kilometers of ground within these two separate zones, is a very important development… With 5,000 meters of drilling we were able to establish 1,700 meters of alteration, that’s a pretty good ratio. We know that alteration is associated with uranium deposition, acting as a halo proximal to deposition. The area in and around these zones is now a clear priority for continued drilling. The assay results will give us a really good idea of what we’re into and we’re eager to see what comes back from the lab.”

Azincourt VP, Exploration, Trevor Perkins, stated: “The results from the winter drilling program are very encouraging… The extensive alteration zones and elevated radioactivity are significant signs that we are on the right track. Alteration and structure continue to be the key features to guide us towards discovery…”

Translated for those investors not so familiar with mining terminology, the drill results at the East Preston Project are very promising and point toward the potential discovery of uranium; however, we won’t know for sure until we get the assay results from April to June, 2022.

Location map showing Azincourt’s tenements at the East Preston Project and nearby projects and mines (including Cameco) in Canada’s renowned high grade uranium Athabasca Basin

Source: Azincourt Energy Corp.

$5.1 million Private Placement and 2.5-to-1 Share Consolidation

In what appears to be another positive indicator for Azincourt, not long after completing their East Preston drill program, they were able to raise C$5,101,000 in a non-brokered private placement with institutional investors. Azincourt also completed a 2.5-for-1 share consolidation.

More about Azicourt Energy and their 3 projects

Azincourt’s projects include:

  • East Preston Project (72% interest) – A uranium project in the Athabasca Basin, Saskatchewan, Canada.
  • Hatchet Lake Uranium Project (earning into a 75% interest) – A uranium project in the Wollaston–Mudjatik Transition Zone area of Saskatchewan, Canada. Some details here.
  • Escalera Group Project (100% owned, LOI to option out to Oberon Uranium Corp.) – A uranium and lithium group of projects (Lituania, Condorlit, Escalera) in Puno, Peru.

Closing remarks

Azincourt has put in the work to identify and now drill numerous positive uranium targets at their 72% JV East Preston Uranium Project. The Athabasca Basin region is known to have the highest grade uranium in the world. This means if a company can find significant high-grade uranium in the region it can be a company making event.

Azincourt Energy Corp. trades on a market cap of only C$34 million. Fingers crossed as we await assay results expected very soon.