Uranerz reports on uranium ISR mine permitting update

- March 26th, 2009

Uranerz Energy Corporation reports its Nichols Ranch uranium ISR mine permit. The mine plan for the Nichols Ranch ISR Uranium Project includes a central processing facility at the Company’s Nichols Ranch property and a satellite ion exchange facility at its Hank property. The ultimate production level from these two properties is planned to be in the range … Continued

Uranerz Energy Corporation reports its Nichols Ranch uranium ISR mine permit.

The mine plan for the Nichols Ranch ISR Uranium Project includes a central processing facility at the Company’s Nichols Ranch property and a satellite ion exchange facility at its Hank property. The ultimate production level from these two properties is planned to be in the range of 600,000 to 750,000 pounds per year (as U3O8). The central processing facility is planned for a licensed capacity of 2 million pounds per year of uranium (as U3O8) and will process uranium-bearing well-field solutions from Nichols Ranch, as well as uranium-loaded resin transported from the Hank satellite facility, plus uranium-loaded resin from any additional satellite deposits that may be developed on the Company’s other Powder River Basin properties.

Uranerz Executive VP and Chief Operating Officer, George Hartman states:

“The progress in our efforts to move the Company’s Nichols Ranch ISR Uranium Project towards commercial production has been significant.” “We have been very satisfied with the professionalism and thoroughness of both of the regulatory agencies and their staff in their review of our applications.”

For full details of this press release, click this link. To view Uranerz company profile, click here. Follow developments in resource mining and exploration for free.
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