Aero Energy Ltd. and Kraken Energy Corp. are pleased to announce that they have entered into a definitive arrangement agreement dated April 1, 2025, whereby Aero will acquire all of the issued and outstanding shares of Kraken pursuant to a plan of arrangement . The Transaction is valued at approximately $0.02754 per Kraken Share or approximately $1.64 million. The Purchase Price represents a premium of 20% to the 15-day [...]
Kraken Energy Corp. is pleased to provide an update on the drill permit application for the Apex Property. Kraken Energy Corp. Adjusts Plans Following US Forest Service Review Update Kraken's Apex Project is facing an unexpected delay following a decision by the Humboldt-Toiyabe National Forest to introduce a forest-wide Uranium Safety Management Plan before further Plan of Operations approvals. The Company submitted a [...]
Kraken Energy Corp. is pleased to announce the appointment of Brian Goss as the new Interim Chief Executive Officer and a Director of the Company. Brian Goss has worked in the mining industry for over 20 years as an Entrepreneur, Executive, Director, and Geologist, specifically in precious, base, and energy metals exploration. He is the founder and President of Rangefront Mining Services, an exploration and geology [...]
Kraken Energy Corp. is pleased to announce that, in partnership with optioned partner Atomic Minerals Corp. , it has completed their application for submission to the Bureau of Land Management for drilling permits for up to fifteen holes at the Harts Point Uranium Property in San Juan County, Utah. "With confirmation of radiometric anomalies over significant widths on our maiden drilling program at Harts Point, we are [...]
Company Completes First Tranche of Non-Brokered Private Placement for Gross Proceeds of $473,300 Kraken Energy Corp. is pleased to announce that, further to its press release dated May 27th, 2024, the Company has closed the first tranche of its non-brokered private placement , issuing 5,258,890 units at a price of $0.09 per Unit for aggregate gross proceeds of $473,300. Each Unit consists of one common share of the [...]
Kraken Energy Corp. is pleased to announce a non-brokered private placement of up to 11,200,000 units at a price of CDN$0.09 per Unit for gross proceeds of up to CDN$1,008,000 . Each Unit will consist of one common share of the Company and one half of one transferable common share purchase warrant . Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of [...]
Strong Radon Anomalies Identified Near Historically Producing Lowboy Mine; Apex Drilling is Expected to Commence in Early Fall of 2024 Kraken Energy Corp. is pleased to report on recent results from radon sampling conducted on the Apex Uranium Property near the historic Lowboy Mine located in Lander County, Central Nevada, USA. "As we move closer to drilling at the historic Apex Mine, our team continues to generate [...]
Kraken Energy Corp. is pleased to announce that Kraken Energy President & CEO Matthew Schwab is scheduled to present at the 2024 Kinvestor Critical Minerals & Mining Virtual Conference on Tuesday, March 26th at 10:45 am PT . More details below. Kinvestor Critical Minerals & Mining 2024 is a virtual conference featuring a stellar lineup of presenting companies in the critical minerals and mining industries. This event will [...]
Kraken Energy Corp. is pleased to report that the Company has mobilized for drilling at the Harts Point Uranium Property in San Juan County, Utah. The Phase I drilling program will explore the property and drill up to 1,000 meters from two drill pad locations over a 5-km strike length targeting the favorable uranium bearing Chinle Formation host rock where three historical oil wells returned "off-scale" radioactivity. CEO [...]
Kraken Energy Corp. is pleased to report that the Company has received approval to resume their Phase I drill program at the Harts Point Uranium Property in Southern Utah. With a revised and approved exploration permit, the Company will drill the property from two pad locations over a 5 km strike length targeting the favorable uranium bearing Chinle Formation host rock where three historical oil and gas wells returned [...]
Priority Drill Targets Significantly Expand the Mineralized Trend Along Strike from the Past-Producing High-Grade Uranium Apex Mine Kraken Energy Corp. is pleased to report that it has commenced the inaugural drill program at its 100%-owned, past-producing flagship Apex Uranium Property located in central Nevada. The 2,200-meter drilling program will target a mineralized area over 2 kilometers in strike length consisting [...]
Kraken Energy Corp. is pleased to report that the Company has received permits to drill our 100%-owned, past-producing flagship Apex Uranium Property located in central Nevada. On August 28th, 2023, Kraken reported a significant expansion of the Apex Property on Nevada Bureau of Land Management ground that covers the potential northwest extension of uranium mineralization from the historic Apex Uranium Mine. On October [...]
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