|
Uranerz Receives Final NRC Approval
Casper, Wyoming, July 20, 2011 -- Uranerz Energy Corporation ("Uranerz"
or the "Company") (NYSE Amex and TSX: URZ; Frankfurt: U9E) is
pleased to announce that the United States Nuclear Regulatory Commission
("NRC") has issued the Materials License for the Company's
Nichols Ranch ISR Uranium Project located in the Central Powder River
Basin of Wyoming, U.S.A. The Materials License is the last NRC
authorization required to commence on-site construction for eventual
production at the Nichols Ranch ISR Uranium Project.
Construction activities will commence within the next few days to take
full advantage of the summer/fall construction season in Wyoming. Uranerz has already initiated procurement of ion
exchange equipment, including three sand filters and six resin loading
columns. Well-field installation equipment is also on order including a
cement silo, cementing pressure pump units, mixing trucks and well
casing. The local electric utility has recently completed construction of
a substation in close proximity to the Nichols Ranch project which will
service the Company's mining operations in the Powder River Basin as well
as other industrial projects in the region.
"The receipt of the NRC Materials License, the final step in the NRC
licensing process, marks a very significant milestone achieved by the
Company and represents the culmination of over four years of effort which
was spearheaded by Mike Thomas our Manager of Environment, Health and
Safety", stated Uranerz CEO &
President Glenn Catchpole, "I congratulate our entire staff for
their valuable contributions through the permitting process. The hiring
of new staff is now underway and the Company is focused on the
development and planned operation of the Nichols Ranch ISR Uranium
Project."
Recently fabricated
sand filter components to be used at Nichols Ranch ISR Uranium Project
Top left photo: Sand
Filter Internals
Bottom left photo:
Sand Filter Top Head
Right photo: Sand
Filter Shells
About Uranerz
Uranerz Energy Corporation is a U.S.-based
uranium company focused on achieving near-term commercial in-situ
recovery ("ISR") uranium production in Wyoming, the largest
producer of uranium of any U.S. state. The Uranerz
management team has specialized expertise in the ISR uranium mining
method, and has a record of licensing, constructing, and operating
commercial ISR uranium projects. The Company has already entered into
long-term uranium sales contracts with two of the largest nuclear
utilities in the U.S., including Exelon.
Uranerz Energy Corporation is listed on the
NYSE Amex and the Toronto Stock Exchange under the symbol
"URZ", and listed on the Frankfurt Stock Exchange under the
symbol "U9E".
Further Information
For further information, please contact Derek Iwanaka, Manager of Investor Relations at
1-800-689-1659 or by email at info@uranerz.com. Alternatively, please refer
to the Company's website at www.uranerz.com,
review the Company's filings with the Securities and Exchange Commission
at www.sec.gov, or
visit the Company's profile on SEDAR at www.sedar.com.
Forward-looking Statements
This press release may contain or refer to "forward-looking
information" and "forward-looking statements" within the
meaning of applicable United States and Canadian securities laws, which
may include, but are not limited to, statements with respect to the
anticipated timing and progress of construction commencement and
equipment procurement, the anticipated availability of electricity, and
all statements containing projections or plans or estimates or which
predict or project the outcome of the Nichols Ranch ISR Uranium Project
operations. Such forward-looking statements reflect our current views
with respect to future events and are subject to certain risks,
uncertainties and assumptions, including, the risks and uncertainties
outlined in our most recent financial statements and reports and
registration statement filed with the United States Securities and
Exchange Commission (the "SEC") (available at www.sec.gov) and
with Canadian securities administrators (available at www.sedar.com).
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, believed, estimated or expected. We do
not undertake to update forward-looking statements, except as required by
law.
|
|