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January 9, 2014
09:13 EDTURZUranerz Energy provides update on Nichols Ranch ISR uranium project
Uranerz Energy reports that it has completed the infrastructure, electrical hook up and initial testing of two deep disposal wells which are now ready for use at the Nichols Ranch ISR Uranium Project, located in the Powder River Basin of Wyoming, U.S.A. The company is also in receipt of all permits and approvals for their operation. The two deep disposal wells were required to be operational prior to commencement of uranium recovery operations. The deep disposal wells will be used to remove non-hazardous liquids from the in-situ recovery uranium mining process. The company's primary focus over the past year has been on construction of the processing facility and installation of the monitor, production, and deep disposal wells for ISR operations at Nichols Ranch. The initial wellfield and processing facility are now substantially completed. Final adjustments are being made to the automated control systems. Talented field and operations personnel have been employed and are carrying out start-up training. The company must complete a pre-operational inspection with the U.S. Nuclear Regulatory Commission prior to the start of uranium recovery operations. Completion of this inspection is expected in time to allow uranium production to commence in Q1. The Nichols Ranch facility will serve as a platform for the potential future development of the company's other Powder River Basin properties with possible enhanced economics for adjacent and satellite projects.
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