Uranerz Announces Third Quarter Financial Results
(firmenpresse) - CASPER, WYOMING -- (Marketwire) -- 11/10/11 -- Uranerz Energy Corporation ("Uranerz" or the "Company") (TSX: URZ)(NYSE Amex: URZ)(FRANKFURT: U9E) has released its financial results for the third quarter ended September 30, 2011 as filed with the United States Securities and Exchange Commission ("SEC") and in Canada with the Canadian securities administrators (on SEDAR).
Uranerz recently commenced construction of its first uranium mine, the Nichols Ranch ISR Uranium Project, and is continuing its exploration programs in the Powder River Basin of Wyoming.
Third Quarter Highlights:
During the third quarter of 2011 the Company:
The financial information presented is in accordance with U.S. generally accepted accounting principles. To review Uranerz' quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2011, including its management discussion and analysis, visit the SEC, SEDAR or Uranerz websites.
About Uranerz
Uranerz is a U.S. mining company focused on near-term commercial in-situ recovery ("ISR") uranium production which is currently constructing its first ISR mine in Wyoming. ISR is a mining process that uses a "leaching solution" to extract uranium from sandstone uranium deposits; it is the generally accepted extraction technology used in the Powder River Basin area of Wyoming (ISR comprised 41% of world uranium production in 2010). The Company controls a large strategic land position in the Pumpkin Buttes Uranium Mining District of the central Powder River Basin of Wyoming. Uranerz' management team has specialized expertise in the ISR uranium mining method, and a record of licensing, constructing, and operating ISR uranium projects. The Company has entered into long-term uranium sales contracts for a portion of its planned production with Exelon and one other of the largest nuclear utilities in the country.
Further Information
For further information, please refer to the Company's website at , review the Company's filings with the Securities and Exchange Commission at , or visit the Company's profile on SEDAR at .
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 its exploration and construction plans, all statements setting out projections or estimates or describing future plans or expectations. 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 SEC (available at ) and with Canadian securities administrators (available at ). 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.
Contacts:
Uranerz Energy Corporation
Derek Iwanaka
Manager of Investor Relations
1-800-689-1659
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Datum: 10.11.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 86471
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contact information:
Town:
CASPER, WYOMING
Kategorie:
Mining & Metals
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