The current administration is determined to wean the U.S. off uranium supplies from Russia and its satellites.

It’s the perfect scenario for Kraken Energy (UUSA.CN; UUSAF.OTC), which is set on “Making Uranium Great Again” by building a hub-and-spoke model for uranium production in the western U.S.

With the Biden administration prepared to spend big developing the domestic uranium industry, Kraken Energy stands to see a significant re-rating, no matter what the broader uranium market does.

Dear Fellow Investor,

According to Bloomberg, Russia provided the U.S. with 16% of its uranium in 2020 and 23% of the enriched uranium used to power its domestic fleet of nuclear reactors.

With the U.S. at odds with Russia over the country’s invasion of Ukraine, there’s little wonder why the Biden administration is looking to wean the U.S. off Russian supplies of uranium and build out a U.S.-based supply chain.

It’s an environment that makes the uranium sector ripe for companies who can establish domestic sources of uranium.

One company that looks perfectly positioned right now is Kraken Energy (UUSA.CN; UUSAF.OTC), a company with three brownfield uranium projects in one of the safest mining jurisdictions in the United States: Nevada.

As you’re about to discover, Kraken Energy is cashed up and set on “Making Uranium Great Again” in the U.S. by advancing these projects and adding others to the fold.

A High-Quality Portfolio Of Uranium Assets In Nevada

Kraken controls not one, but three uranium projects in Nevada: Garfield Hills, the Apex Uranium Mine and Huber Hills.

The first phase of drilling at Garfield Hills has just wrapped up. The grades from the initial holes from this program are potentially looking quite good, with the holes hitting long intervals of anomalous scintillometer results.

These results agree with historic holes at Garfield Hills, which included 14 meters of 0.26% U₃O₈ and 14 meters of 0.18% U₃O₈.

If the current holes come back with comparable grades from the assay lab, that could provide Kraken Energy with a great short-term catalyst and prove up a geological model that shows enormous potential.

The Apex Uranium Mine, meanwhile, is Nevada’s largest past-producing uranium mine.

It generated 106,000 pounds of U₃O₈ in the 1950s. The only reason production stopped is the government took incentives away at the end of that decade.

Kraken is excited to commence drilling on Apex in the back half of the year, as an airborne geophysical survey and surface prospecting show the potential for a remarkable 13 kilometers of strike there.

Finally, Huber Hills property is Elko County’s largest past producer of uranium and has seen no modern exploration to date.

Kraken wants to get in and start surface mapping, sampling and commence drone-flown magnetics and radiometrics at Huber Hills with a goal of starting drilling later in 2023.

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A Hub-And-Spoke Model In The U.S.

Again, all three of Kraken’s Nevada projects are brownfields projects. That means they’ve already seen some scale of exploration and development as all three properties were past producers in the 1950s and 1960s.

That’s an intentional choice by leadership, which wanted to make sure any assets they advanced could move along the development curve quickly, something that you don’t see in other jurisdictions in the world.

It’s all part of the hub-and-spoke model Kraken envisions for uranium development in the U.S., where the “spokes” of uranium resources feed a central “hub” mill to process the uranium.

Kraken is always on the lookout for similar assets to add to its portfolio and currently has its eyes on potential acquisitions in excellent jurisdictions in the US.

Led By A Team That Knows Uranium

The group that leads Kraken Energy has the experience to back up the company’s game plan.

CEO Matthew Schwab and Chairman Garrett Ainsworth were both intimately involved with NexGen Energy’s Arrow discovery in the Athabasca Basin.

Further, Schwab was a member of the Hathor Exploration development team that saw that company’s Roughrider deposit sold to Rio Tinto for C$654 million.

Ainsworth also played a key role in the discovery of the Triple R resource at Patterson Lake South, also in the Athabasca Basin.

This is a group that includes Lead Technical Advisor Troy Boisjoli and VP Exploration Zachery Hibdon.

Boisjoli is the current President and CEO of Murchison Minerals and the past VP Operation and Project Development for NexGen.

Hibdon has over 20 years of experience exploring for a variety of metals in North and Central America and in Africa.

A Full War Chest

As you might predict with a team this seasoned, the Kraken Energy team has stocked the company with a full treasury.

Kraken currently has C$8.6 million in the bank, more than enough to aggressively explore its three projects this year in Nevada... and look to continue to build its portfolio of high-quality uranium projects.

Looking at the bigger picture, the fundamentals for uranium are extraordinary and the time to get positioned is now. The chance to get in on an early-stage play with some of the top management in the business is rare.

Bottom line: With results coming soon from Garfield Hills, the time is now to do your due diligence on Kraken Energy, the company that’s level-set on “Making Uranium Great Again” in the U.S.

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To Learn More about Kraken Energy Corp.