As all long term holders would know BLR have already in place a...

As all long term holders would know BLR have already in place a J/V with Uranerz on a proportion of Wyoming tenements, namely Eagle & Cyclone Rim Projects.

This recent overnight Announcement can only be beneficial to both Uranerz & BLR.... If Eagle & Cyclone are deemed as Feasible Projects, to which early indications suggest they may. Anyway here's the Announcement in question.

March 18, 2008
Uranerz Announces US$9.6 Million Private Placement and US$13.1 Million Strategic Investment by Denison Mines that will raise approximately US$23,676,000

We are pleased to welcome Denison, the premier conventional uranium producer in the United States, as a substantial shareholder in the Company. We anticipate a mutually beneficial working relationship and look forward to exploring opportunities in which the two companies can contribute their respective strengths." stated Glenn Catchpole, President and CEO of Uranerz. "The proceeds of this financing will help Uranerz achieve its goal of becoming a significant in-situ recovery ("ISR") uranium producer in Wyoming".


I have Included a recent map of the J/V Projects & here's details of the current Uranerz/Black Range Minerals Joint Venture, that many Down Rampers of BLR seem so easily to forget.






Uranerz Energy has two projects located in the Great Divide Basin of Wyoming. Both properties have historical exploration drilling from the 1970s, and Uranerz is in possession of some of these data in the form of electric and lithologic drill logs, together with drill hole maps depicting location, depth, grade and thickness of the mineralized roll fronts.

Uranerz has joint ventured these projects to Black Range Minerals Limited. Under the terms of the joint venture Black Range shall have the right to earn a 50% interest in the joint venture by managing and meeting the first US$750,000 in exploration expenditures on the projects. Black Range is obliged to spend at least US$100,000 per year on exploration on the projects and to spend the first US$750,000 on exploration within three years of inception of the joint venture agreement. Once Black Range has spent US$750,000 on the projects it shall have a 50% interest in the projects.
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BLR is not just a One Project Company as many would have you believe:)........ Cyclone & Eagle JORC Code compliant Resource Calculation in Progress & due in April 2008.
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Cheers from grant64 :)
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