Uranerz Energy: Emerging Contender in the Uranium Market
NEW YORK, May 13, 2014 /PRNewswire/ -- Uranerz Energy Corp. (NYSE: URZ) is a U.S. mining company that commenced in-situ recovery ("ISR") uranium mining operations on April 15, 2014 at its first ISR mine in the Powder River Basin of Wyoming. The Uranerz management team has specialized expertise in the ISR uranium mining method, and has a successful track record of licensing, constructing, and operating ISR uranium projects. Uranerz has a processing agreement with Cameco, the world's largest public uranium company and has entered into long-term uranium sales contracts for a portion of its planned production with two of the largest nuclear utilities in the U.S., including Exelon.
The Company's primary focus over the past year has been construction of the processing facility and installation of the monitor, production, and deep disposal wells for in-situ recovery ("ISR") operations at the Nichols Ranch ISR Uranium Project, in the Powder River Basin of Wyoming. The initial well field and processing facility are now completed, and two deep disposal wells are ready for use. Talented field and operations personnel have been employed and trained for start-up.
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