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News Breaks
May 21, 2014
09:08 EDTURZUranerz submits license application for third Powder River Basin mining unit
Uranerz Energy announced that it has submitted the source material license amendment application for its Jane Dough unit to the U.S. Nuclear Regulatory Commission, or NRC. The Jane Dough permit area, located in the Central Powder River Basin of Wyoming, is contiguous to and immediately south of the company's wholly owned Nichols Ranch unit which recently commenced in-situ recovery uranium mining operations. Uranerz is applying to add the Jane Dough unit as an amendment to the existing license for the Nichols Ranch ISR Uranium Project, which includes the Nichols Ranch and Hank units. In this area of the Powder River Basin, uranium mineralization commonly follows along oxidization-reduction boundaries and these boundaries at the Nichols Ranch unit continue southward through the Jane Dough unit. Due to the close proximity of these two units, the company expects to install only the wellfields at Jane Dough and will transfer mining solutions to and from the processing plant at the Nichols Ranch unit through pipelines. This operational configuration should avoid the expense of constructing a separate satellite plant at Jane Dough, resulting in considerable savings in capital and time, and should serve to greatly enhance the project economics and extend the mine life at the Nichols Ranch facility.
News For URZ From The Last 14 Days
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July 18, 2014
06:18 EDTURZUranerz Energy raises common stock offering to 9.6M shares
Uranerz Energy is offering 9.6M shares of our common stock and warrants to purchase up to an additional 4.8M shares of our common stock pursuant to this prospectus supplement and the accompanying base prospectus. Each whole warrant is exercisable to purchase one additional share of our common stock at a price of $1.60 per Warrant Share, subject to adjustment and early termination, for a period of 30 months following the closing of this offering. The Units will be sold at a negotiated price of $1.25 per Unit. Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation, as co-lead placement agents.
July 16, 2014
16:07 EDTURZUranerz Energy announces $10M financing
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July 14, 2014
09:03 EDTURZUranerz Energy nears completion of commissioning phase at Nichols Ranch
Uranerz is nearing completion of the commissioning phase of mine operations at Nichols Ranch and thus far flow rates from the production wells have outperformed initial estimates. Since the company made its first uranium-loaded resin delivery to Cameco Resources' Smith Ranch uranium processing facilities in mid-June, the head grade, or concentration of uranium in the recovery solution, is continuing to increase on the expected profile. Further deliveries of uranium-loaded resin are now being sent to Cameco for toll processing on a routine basis. Accordingly, the company expects to reach commercial production in Q3 and start making deliveries to its nuclear utilities customers.

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