Uranerz Energy Corporation is pleased to announce that it has commenced uranium mining operations at its wholly-owned Nichols Ranch ISR Uranium Project, located in the Powder River Basin of Wyoming, U.S.A., after receiving final clearance from the Nuclear Regulatory Commission.

Stock analysts at Cantor Fitzgerald lifted their target price

Uranerz Energy Corp. announced Tuesday it closed on a $20 million state loan, paving the way for the Casper-based uranium mining firm to begin production at its Nichols Ranch in northeast Wyoming.

The financing was secured through the Wyoming Industrial Development Revenue Bond program. The loan carries a 5.75 percent interest rate and is scheduled to be fully repaid within seven years.

Uranerz Energy Corporation ("Uranerz" or the "Company") (NYSE MKT:URZ)(TSX:URZ)(FRANKFURT:U9E) announces that it has entered into an underwriting agreement (the "Underwriting Agreement") with a syndicate of underwriters led by Haywood Securities Inc. and including Cantor Fitzgerald Canada Corporation, Dundee Securities Ltd., Laurentian Bank Securities Inc.

In a recent announcement, Uranerz Energy Corporation’s $20 million loan application from late 2012 to the Wyoming Business Council (“WBC”) has gained support from state representatives. Due to a favorable review by independent consultants from the state, the WBC recommended approval of the loan. The loan itself will have a yearly interest rate of 5.75% with will be repayable over seven years. Uranerz is now working with the State administrators to complete the documentation for the closing of this financing.