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Uranerz Energy (TSX:URZ) (NYSE MKT:URZ) gets buy recommendation coverage by Vista Partners

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San Francisco-based Vista Partners Initiates coverage on Uranerz Energy Corporation (TSX:URZ) (NYSE MKT:URZ). Analyst Ross Silver gives the company a 12 month target price of $2.80, a premium of 68% to the $1.67 price on March 26th the day the report was issued.

Additional Information:

Company: Uranerz Energy Corp.
Stock Symbol: TSX: URZ
Date Published: Mar 27, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch Media

San Francisco-based Vista Partners has initiated coverage on Uranerz Energy Corporation, symbol URZ on both the Toronto Stock Exchange and the NYSE MKT.

Analyst Ross Silver gives the company a 12 month target price of $2.80, a premium of 68% to the $1.67 price on March 26th the day the report was issued.

Uranerz is a U.S.-based uranium company, controlling a large strategic land position in the central Powder River Basin area of Wyoming, the leading state in uranium production.

The project is approximately 720 acres and consisted of 36 claims.

The company`s Nichols Ranch in-situ recovery uranium project uses a leaching solution to extract uranium from sandstone uranium deposits, which is the generally accepted extraction technology used in the Powder River Basin.

ISR is a process in which wells are installed into which ground water fortified with benign oxidizing agents is pumped into the deposits.

The “uranium rich” solution is pumped back out of the ground from separate wells and through resin columns.

The resin collects uranium and the resin is subsequently processed into yellowcake.

The Nichols Ranch facilitywill serve as a platform for the potential future development of the company`s other Powder River Basin properties.

Unarerz has a processing agreement with Cameco, the world`s largest publicly traded uranium company and has entered into long-term uranium sales contracts for a portion of its planned production, with two of the largest nuclear utilities in the U.S., including Exelon.

The Uranerz Management team has specialized expertise in the in-situ recovery uranium mining method, and has a successful track record of licensing, constructing, and operating ISR uranium projects.

According to the company, the United States Nuclear Regulatory Commission is expected to reissue the license to mine at the Nichols Ranch operations in the near future.

Analyst Ross Silver stated, “The Company is currently hedged to uranium prices, which is typically helpful in an unfavorable pricing market. By making agreements for the sale of a percent of their planned production at a fixed, or possibly escalated, price, known as off-take agreements, the Company has locked in a price for which its uranium will be sold. Fortunately, the Company’s off-take agreements are for prices approximately 50% higher than the current market price of uranium.``

The company currently trades at $1.74, well below the $2.80 target price, and with 85.9 million shares outstanding, the company is capitalized at $149.5 million.

For more information, please visit the company’s website or contact Derek Iwanaka, Manager of Investor Relations at 1-800-689-1659 or by email at

For more information about Vista Partners or to obtain a copy of their research report, contact your nearest Vista Partners office. Their branches are listed on their website at
I’m Samantha Deutscher for InvestmentPitch Media
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