Group items tagged

Second contract signed by Uranerz for the sale of uranium to a U.S. utility Uranerz Energy Corporation has announced that it has entered into an agreement for the sale of uranium to one of the United States' largest nuclear operators, with plants located in several states. This is the second contract signed by Uranerz for the sale of uranium to a U.S. utility; the Company announced its first such contract in July 2009. This agreement is a long-term contract with deliveries over a five year period and pricing which contains market referenced prices, with combined spot and long term indicators, to set the final sales price. The agreement's pricing structure contains floor prices to provide Uranerz with downside protection and ceiling prices which protect the buyer from unlimited upside price risk. Uranerz continues to pursue additional uranium off-take sales opportunities to develop a portfolio that reflects a balance between market-related and fixed price contracts thus providing appropriate security to market price fluctuations, production cost fluctuations and pricing diversification.

Our interview with Glenn Catchpole of Uranerz Energy explains what investors should know about water's role in ISR uranium mining. Companies with an ISR project may disappoint shareholders because of the water location, or lack of water, in relation tothe ore body.