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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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