Uranerz Energy Announces Uranium Grades

Uranerz Energy Corporation (TSX:URZ,NYSE:URZ,FWB:U9E) announced good uranium grades in wells drilled during the Nichols Ranch production well-field installation.

As quoted in the press release:

As of August 15, 2012 the Company has drilled and cased 205 recovery and injection production wells in Production Area #1 of the Nichols Ranch ISR Mine, located in the Powder River Basin of Wyoming. To date, 22.5% of the installed production wells have resulted in a grade thickness (“GT”) near or above 2.

Click here to read the Uranerz Energy Corporation (TSX:URZ) press release.