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Administrator
The USA needs URZ Ahead of the Herd!
http://sz0172.wc.mail.comcast.net/zimbra/mail#3
This is a very interesting article and also food for thought for an investor, but it is very long with charts, so I suggest you use the link for the entire article
Uranerz Energy Corp.
TSX - URZ
NYSE AMEX - URZ
Frankfurt - U9E
Outstanding shares: 70.8 million
Warrants: 6.22 million
Options: 6.8 million
Fully Diluted: 83.8 million
Insider Share Ownership: 9.5 percent
Retail Share Ownership: 60-70 percent
Institutional: 20-30 percent
Cash: US$36 million
Debt: 0.0
Uranerz Energy Corporation is engaged in the acquisition, exploration and development of properties in the uranium sector with the goal of becoming a uranium producer. Uranerz has expertise in the in-situ recovery ("ISR") mining method.
The Company's Powder River Basin, Wyoming uranium properties are advanced, and the Company has submitted license and permit applications to the Federal and State regulatory agencies for the development of two of these projects into commercial ISR uranium mines.
Wyoming Roll-Fronts
Wyoming has roll-front uranium deposits in its sandstones and the largest known uranium reserves of any US state. There is no doubt in this author's mind the state will be a key player in supplying the fuel nuclear power plants in the US need to become independent of foreign supplies.
A pro-mining state, prolific numbers of roll-front uranium deposits, and a rising spot uranium price in a resurgent uranium bull market all combine to make Wyoming the U.S. center for in situ recovery mining (ISR), also known as solution mining.
"Nuclear power is going to play a big role in future electrical production. But that industry will need more uranium to go forward ... and the question is where will it come from. We shouldn't rely on imports for all that uranium ... we should produce it out of the United States and out of Wyoming." Marion Loomis, Wyoming Mining Association executive director
ISR uranium mines were the only ones that were able to continue operating economically in the US during the 1980s and 1990s when the downturn in uranium prices happened.
Solution Mining
In situ recovery (ISR) - also known as in situ leaching (ISL) - involves leaving the ore in the ground and recovering the minerals from it by dissolving them and pumping the pregnant solution to the surface where the minerals can be recovered. There is little surface disturbance and no tailings or waste rock are generated. ISR mining comprised 36% of global uranium production in 2009. World Nuclear Association
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Moderator
This is a very good article, shela1153! Thank you....
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Learn something new everyday. That is a good article. Thanks.
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