Uranerz Signs Processing Agreement with Cameco

- November 30th, 2011

Uranerz Energy Corporation (TSX:URZ,NYSE:URZ,FWB:U9E) announced it has signed a processing agreement with Cameco Resources (NYSE:CCJ).

Uranerz Energy Corporation (TSX:URZ,NYSE:URZ,FWB:U9E) announced it has signed a processing agreement with Cameco Resources (NYSE:CCJ).

As quoted in the press release:

Under the agreement, Uranerz will deliver uranium-loaded resin produced from the Company’s Nichols Ranch in-situ recovery (“ISR”) mining operations to Cameco’s Smith Ranch Highland uranium mine for final processing into dried uranium concentrate packaged for shipping to a converter. The processing of Uranerz’ loaded resin at Cameco’s facility will not change the Company’s production plans.

Uranerz Executive Vice President and COO, George Hartman said:

Uranerz will retain the regulatory and physical flexibility to install a full processing plant at the Nichols Ranch ISR mine at a later date if it chooses to do so.

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

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