e: News Release - Friday, August 24, 2007 Uranerz to Commence Trading on the Toronto Stock Exchange =======================================================================
Vancouver, B.C., August 24, 2007 - Uranerz Energy Corporation (the "Company") (AMEX: URZ) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the "TSX") under the ticker symbol "URZ". The Company's common shares will commence trading on the TSX at the opening of trading on Monday, August 27, 2007.
The listing on the TSX will compliment and be in addition to the trading of the Company's common shares on the American Stock Exchange (the "AMEX").
Uranerz Energy Corporation President and C.E.O., Glenn Catchpole, commented, "In the past twelve months, Uranerz has made significant strides toward becoming a Wyoming-based uranium production company. On August 27th, we will commence trading on the TSX, the preeminent global stock market for uranium equities, including Uranerz's peer group. We believe this listing will further enhance our profile and liquidity in the North American capital markets."
Uranerz Energy Corporation is a pure-play uranium company listed on the AMEX and now the TSX. The Company also has options (derivatives on the common stock: puts and calls) traded on the Chicago Board Options Exchange as well as the AMEX.
The Company is engaged in the acquisition, exploration and development of properties in the uranium sector with the goal of becoming a mid-tier 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 Corporation, the world's largest primary uranium producer.
Uranerz Energy Corporation has expertise in in-situ recovery mining and holds projects in the Powder River Basin of Wyoming with uranium-mineralized sandstone. The Company 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.
Haywood Securities Inc. acted as sponsor to Uranerz Energy Corporation for the TSX listing application.
To obtain more information, contact Investor Relations at Uranerz (Telephone: 1-800-689-1659) or visit our website at www.uranerz.com.
ON BEHALF OF THE BOARD
"Glenn Catchpole"
Glenn Catchpole President and Chief Executive Officer
BLR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
