Uranerz’s CEO, Glenn Catchpole, comments:
“This shipment takes the Company one step closer to completing its first recorded sales transaction,” stated Glenn Catchpole, Uranerz Chief Executive Officer. “We look forward to reporting production and revenue figures in the next quarter.”
The Nichols Ranch production facility is the newest uranium mine in North America. Commissioning of the Nichols Ranch ISR Uranium Project began on April 15, 2014 with the start of chemical addition to the circulating groundwater. The in-situ recovery process utilizes oxidized groundwater, fortified with baking soda, which is distributed through the underground uranium deposit by means of injection wells. The uranium-bearing water is recovered using production wells. Uranium is loaded on ion exchange resin at Nichols Ranch, and the resin is then transported to Cameco Resources’ Smith Ranch uranium production facilities for final processing into dried and drummed uranium concentrates. As the operations at Nichols Ranch have begun to transition from commissioning to commercial production, we are continuing to observe the expected improvements in the uranium recovery parameters.