Uranerz (URZ) Signs Processing Agreement with Cameco (CCJ) Unit
Tweet
Share
E-mailGet Alerts URZ Hot Sheet
Join SI Premium – FREE
Uranerz Energy Corporation (AMEX: URZ) has signed a processing agreement with Cameco Resources, a wholly-owned Wyoming subsidiary of Cameco Corporation (NYSE: CCJ), the world's largest publicly-traded uranium company.
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 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," explains Uranerz Executive Vice President and Chief Operating Officer, George Hartman.
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 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," explains Uranerz Executive Vice President and Chief Operating Officer, George Hartman.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Elroy Air wins $46M U.S. Army contract for cargo drone system
- Hinge Health signs $86M office lease in San Francisco
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
