Uranerz Energy Corporation (URZ) - NYSEMKT
  • Wed, Jun. 8, 5:58 PM
    • A uranium glut that has caused futures prices to drop 18% YTD - the worst performer among all the world's commodities - is set to turn into a shortage as miners cut output and nuclear reactor construction climbs, Uranium Energy (NYSEMKT:UEC) CEO Amir Adnani tells Bloomberg.
    • Oversupply from mines in Kazakhstan, Canada and Australia has sent prices plunging even as iron ore and oil rally, but as supply diminishes and demand improves, stockpiles will be eroded and the slump will reverse, the CEO says.
    • Prices are not factoring in the pace at which inventories will disappear in coming years, according to Morningstar's David Wang, who expects uranium to more than double to about $65/lb. by 2019 from $28.25 now.
    • Relevant tickers include: CCJ, URG, URZ, UUUU, URRE, URA.
    | Wed, Jun. 8, 5:58 PM | 46 Comments
  • Jun. 19, 2015, 2:24 PM
    • Energy Fuels (UUUU +12.1%) posts strong gains after announcing the completion of its $100M purchase of Uranerz Energy (NYSEMKT:URZ), as shareholders at both uranium miners voted to approve the deal.
    • Former URZ shareholders now own ~55% of UUUU.
    • The Nuclear Regulatory Commission also signed off on the deal yesterday, the final hurdle for the transaction to move forward.
    | Jun. 19, 2015, 2:24 PM
  • May 11, 2015, 6:11 PM
    • Uranerz Energy (NYSEMKT:URZ): Q1 EPS of -$0.04
    • Revenue of $3.4M
    | May 11, 2015, 6:11 PM
  • Apr. 22, 2015, 12:30 PM
    • Uranium names are showing notable strength today following yesterday's ruling in Japan that will allow the Sendai nuclear plant to reopen, which would be the first plant to be reopened since the Fukushima disaster: CCJ +6.8%, DNN +5.6%, LEU +10.3%, URRE +4.5%, UEC +5%, URZ +2.6%, URG +1%, UUUU +1.7%.
    • The news is positive for the nuclear industry to the extent that authorities in Japan have not given up on the energy source despite Fukushima.
    • China is pushing for more nuclear power, with the government reportedly approving eight new nuclear power projects.
    • A MarketWatch article paints a bright picture of the nuclear industry, with uranium prices rising ~35% since last summer and improving public opinion; "China and India believe that the upside from the clean energy from nuclear far outweighs the downside risks of sticking to dirty coal,” says GoldStockTrades.com editorJeb Handwerger.
    • Last week, CCJ signed a deal with India to provide 7.1M lbs. of uranium concentrate over the next five years.
    • ETFs: URA, NLR
    | Apr. 22, 2015, 12:30 PM | 12 Comments
  • Mar. 16, 2015, 6:00 PM
    • Uranerz Energy (NYSEMKT:URZ): Q4 EPS of -$0.01
    • Revenue of $6.10M
    | Mar. 16, 2015, 6:00 PM
  • Jan. 5, 2015, 9:10 AM
    | Jan. 5, 2015, 9:10 AM
  • Jan. 5, 2015, 7:45 AM
    • Energy Fuels (NYSEMKT:UUUU) agrees to acquire Uranerz Energy (NYSEMKT:URZ), in an all-stock deal valued at ~$150M that the companies say will create the largest publicly-traded uranium producer in the U.S. by market cap.
    • URZ shareholders will own ~55% of the shares of the combined company upon completion and receive a 37% premium based on the Jan. 2 NYSE closing price.
    • UUUU expects to have a total of six uranium supply contracts with terms that extend into 2020; in 2015, the contracts require ~1M lbs. of uranium to be delivered at an average price of ~$58/lb., 63% higher than the current uranium spot price of $35.50/lb.
    | Jan. 5, 2015, 7:45 AM | 9 Comments
  • Nov. 24, 2014, 2:37 PM
    • Uranium prices have reversed recent gains, plunging $6/lb. (~13.5%) to $38 over the past week in their biggest weekly drop since 1996.
    • TD Securities' Greg Barnes thinks the current volatility is more reflective of trader positioning in a thinly traded market than utilities exhibiting strong fundamental demand; the analyst is not convinced that the rapid drop will be enough to trigger a wave of buying by utilities.
    • Uranium names are broadly lower today: CCJ -3%, DNN -3.8%, UEC -1.6%, URG -5.7%, URZ -4.4%, UUUU -1.5%, URRE -0.4%.
    • ETFs: URA, NLR, NUCL
    • Earlier: Uranium spot prices could pass $50/lb. in next 12 months, analyst says
    | Nov. 24, 2014, 2:37 PM | 4 Comments
  • Nov. 10, 2014, 2:41 PM
    • Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
    • The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
    • Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
    • ETFs: URA, NLR, NUCL
    | Nov. 10, 2014, 2:41 PM | 6 Comments
  • Nov. 10, 2014, 9:10 AM
    • Uranerz Energy (NYSEMKT:URZ): Q3 EPS of -$0.01
    • Revenue of $3.9M
    | Nov. 10, 2014, 9:10 AM
  • Nov. 7, 2014, 12:20 PM
    • Reports that Japan is restarting some reactors may be helping uranium stocks catch a bid today.
    • Two reactors at Japan's Sendai nuclear plant are due to become the first to be restarted in the country since the 2011 meltdown at the Fukushima facility.
    • Also, Denison Mining (DNN +22.2%) reported Q3 earnings last night, delivering a loss of $0.01 vs. a loss of $0.10 in the prior-year quarter.
    • CCJ +10.3%, UEC +5.4%, UUUU +6.1%, URRE +27.2%, URG +16.9%, URZ +11.5%.
    • ETFs: URA, NLR, NUCL
    | Nov. 7, 2014, 12:20 PM | 6 Comments
  • Aug. 11, 2014, 9:11 AM
    • Uranerz Energy (NYSEMKT:URZ): Q2 EPS of -$0.05
    | Aug. 11, 2014, 9:11 AM | 1 Comment
  • Jul. 18, 2014, 9:10 AM
    • Uranerz Energy (NYSEMKT:URZ) says it is increasing the size of its previously announced offering of units to raise $12M in gross proceeds, consisting of 9.6M units at $1.25 each.
    • URZ originally was offering 8M units in an effort to raise $10M.
    | Jul. 18, 2014, 9:10 AM | 5 Comments
  • Jul. 17, 2014, 12:46 PM
    | Jul. 17, 2014, 12:46 PM
  • Jul. 16, 2014, 4:56 PM
    • Uranerz Energy (NYSEMKT:URZ) -11.2% AH after announcing plans for a public offering of as many as 8M units at $1.25 each.
    • URZ says proceeds from the offering will be used to continue development of mining facilities, including wellfields, at its Nichols Ranch ISR uranium project, as well as for working capital and other general corporate purposes.
    | Jul. 16, 2014, 4:56 PM | 2 Comments
  • Jul. 14, 2014, 12:41 PM
    • Uranerz Energy (URZ +3.7%) moves higher after reporting it is nearing completion of the commissioning phase of mine operations at Nichols Ranch, and flow rates from the production wells have outperformed initial estimates.
    • URZ says it made its first uranium-loaded resin delivery to Cameco's Smith Ranch uranium processing facilities in mid-June, and expects to reach commercial production in Q3 and start making deliveries to its nuclear utilities customers.
    | Jul. 14, 2014, 12:41 PM
Company Description
Uranerz Energy Corp is an exploration stage company engaged in the acquisition, exploration and, if warranted, development of uranium properties. It is also focused on constructing an in-situ recovery uranium facility.
Industry: Industrial Metals & Minerals
Country: United States