Uranerz Energy Analyst Coverage Continued: Brief Report by Small Cap IR
01.10.2014 | PR Newswire
NEW YORK, Oct. 1, 2014 - Analyst Brief Report by Small Cap IR. Uranerz Energy Corp. (NYSE-MKT: URZ), an exploration stage company, is engaged in the acquisition, exploitation, and development of uranium and mineral resources in the United States. The company primarily focuses on exploring and developing projects in the Powder River Basin area of Wyoming. Coming off the 2nd quarter earnings report wherein the Company commenced production of uranium concentrates at its wholly-owned Nichols Ranch mining unit located in the Powder River Basin of Wyoming, URZ has announced its first shipment of Uranium after years of pre-production work. Following a period of commissioning and startup activities Uranerz began mining at the end of May producing approximately 20,000 pounds of uranium concentrate. Inventory is being accumulated for first sales in the latter part of the third quarter 2014. It is expected that the recently constructed Nichols Ranch processing facility will serve as a platform for the potential future development of the Company's other Powder River Basin uranium properties allowing enhanced economics for adjacent and satellite projects.
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