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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (3397)	10/19/2006 2:18:09 PM
From: siempre33	Respond to of 30199

Thanx! once I figured out why the shares were 'cliff-diving' it was easy to call a turn-around....new bottom should be 1.75, and it could run in the area of 2.25-2.50 in the next few months, unless something unpredictable happens [and it almost ALWAYS does]...LOL...what?...OH, just maybe a TDL reco...

To: ~digs who wrote (3397)	10/20/2006 9:31:03 AM
From: siempre33	Read Replies (2) \| Respond to of 30199

Uranerz Energy Corporate Update [getting closer to production] 2006-10-20 08:30 ET - News Release VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 10/20/06 Uranerz Energy Corporation (AMEX: URZ)(FWB: U9E) wishes to announce that permitting activities continue on both the Hank and Nichols Ranch projects, Wyoming. Uranerz Energy has completed installing hydrologic test wells at these two uranium properties in the Powder River Basin. These test wells were installed for upcoming pumping tests and core samples of the deposit were taken for the radiation environmental data requirements. The pump tests are used to demonstrate that the aquifers are confined, and to test the permeability of the mineralized sandstone unit for both feasibility and permitting purposes. The Wyoming Department of Environmental Quality has approved the Company's plans for the hydrologic testing of the uranium-mineralized confined aquifers. The hydrologic test wells were installed in accordance with the plan. Uranerz Energy will also be collecting ground water samples in the near term at water wells in the region, and has reached an agreement with Cameco Corporation's wholly owned US subsidiary, Power Resources Inc., to sample some of their monitor wells located on adjacent uranium properties. At both the Hank and Nichols Ranch projects the vegetation and wildlife surveys have been completed and the data are being incorporated into the mine permit application as appendices, as required by the Wyoming Department of Environmental Quality. Soil surveys are currently ongoing. The mine plan chapter of the application is scheduled for management review and incorporation into this application. At this time, the submittal of the application covering both projects is still on schedule for the second half of 2007. Corporate Update As of the close of business on October 17, 2006, Uranerz Energy had received notice for the exercise of a total of 2,490,000 warrants to purchase shares of the Company. Upon the completion of the exercise of these warrants there will be 34,293,498 shares of common stock issued and outstanding. These "warrant shares" are "restricted securities" as defined in Rule 144 of the Securities Act of 1933, as amended. The Company now has approximately $12.5 million in treasury, and no debt. On October 17, 2006, 5,245,000 shares of common stock became eligible to be resold pursuant to Rule 144 of the Securities Act. Uranerz Energy Corporation is the only pure uranium company listed on the American Stock Exchange. The Company is engaged in the acquisition, exploration and development of properties in the uranium sector. The Company's goal is to become a producer of uranium which will be utilized as fuel in the world's nuclear electrical generating facilities. The Company has an experienced team of mining personnel, many of whom are former officers, senior management and employees of the original Uranerz Exploration and Mining Limited and related companies (the "Uranerz Group"). This team has direct experience in licensing, designing, constructing and operating underground, open-pit and in-situ recovery uranium production facilities. The Company also has an advisory board that consists entirely of ex-Uranerz Group professionals. The Uranerz Group was acquired in 1998 by Cameco, the world's largest primary uranium producer. Uranerz Energy Corporation has expertise in in-situ recovery mining and holds projects in Wyoming with uranium-mineralized sandstone. These Powder River Basin uranium properties are advanced, and the Company has initiated environmental licensing and mine planning for the development of two of these projects. Uranerz also has uranium properties in Saskatchewan (Canada), Mongolia and the Great Divide Basin of Wyoming. The Canadian, Mongolian and Great Divide Basin uranium properties are in the exploration stage and Uranerz has joint ventured these projects to other companies as a means of reducing its exploration risk. These projects are operated and funded by our joint venture partners. ON BEHALF OF THE BOARD Glenn Catchpole, President and CEO uranerz.com