Uranerz Energy Corp. is focused on the acquisition, exploration and development of properties in the uranium sector. Uranerz has 38 projects in the Powder River Basin (“PRB”), with two advanced project areas at the early development stage. The company plans to joint venture those projects in order to advance them with reduced exploration risks.
The company controls more than 119,000 acres in the Pumpkin Buttes Uranium Mining District of the central Powder River Basin of Wyoming, U.S.A., an area well-known for hosting uranium-mineralized roll fronts often amenable to ISR mining techniques. Uranerz Energy is currently conducting aggressive exploration drilling programs to identify new uranium mineralized trends and to further delineate known resources.
Uranerz Energy is comprised of an experienced team of mining personnel, many of whom are former officers, senior management and employees of the original Uranerz Exploration and Mining Limited and related companies, which collectively was the third-largest primary uranium producer in the world when acquired in 1998 by Cameco. There are nine persons with Uranerz Energy Corporation that are from the original “Uranerz Group” of companies.
Two of Uranerz’s projects are in the final permitting and licensing stage and the company has already entered into long-term uranium sales contracts with two of the largest nuclear utilities in the U.S., including Exelon. The company is well on its way to commencing commercial production by late 2011 or 2012 and meeting its ultimate goal of producing 1.5 Million lbs of uranium (U3O8) each year.
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