Uranerz Announces 2012 Year End Financial Results

Uranerz Announces 2012 Year End Financial Results 
CASPER, WYOMING -- (Marketwire) -- 03/28/13 -- Uranerz Energy
Corporation (TSX:URZ)(NYSE MKT:URZ)(FRANKFURT:U9E) ("Uranerz" or the
"Company") has released its financial results for the year ended
December 31, 2012 as filed with the United States Securities and
Exchange Commission ("SEC") and in Canada with the Canadian
securities administrators (on SEDAR). 
Financial Summary: 
Financial Position at December 31, 2012 


 
       Cash and cash equivalents                                $ 7,016,710 
       Working capital                                          $ 5,718,050 
       Total assets                                             $ 32,846,112
       Long term debt                                           $ Nil       
       Stockholders' Equity                                     $ 29,622,961

 
Results of operations for twelve months ended December 31, 2012 


 
Net Loss                                                        $ 14,501,541
Basic and Diluted Net Loss Per Share                            $ 0.19      
Net Cash Used in Operating Activities                           $ 13,666,266
Net Cash Used in Investing Activities                           $ 14,441,693
Net cash Provided by Financing Activities                       $ 479,924   

 
The financial information presented is in accordance with U.S.
generally accepted accounting principles. To review Uranerz' annual
report on Form 10-K for the year ended December 31, 2012, including
its management discussion and analysis, visit the SEC, SEDAR or
Uranerz websites. 
About Uranerz 
The Nichols Ranch ISR Uranium Project is Uranerz' first ISR mine and
is currently under construction. ISR, or in-situ recovery, is a
mining process that uses a leaching solution to extract uranium from
sandstone-hosted uranium deposits; it is the generally accepted
extraction technology used in the Powder River Basin area of Wyoming.
Uranerz controls a large strategic land position in the central
Powder River Basin. The Company's management team has specialized
expertise in the ISR uranium mining method and a record of licensing,
constructing, and operating ISR uranium projects. The Company has
entered into long-term uranium sales contracts for a portio
n of its
planned production with Exelon and one other of the largest nuclear
utilities in the country. 
Please refer to the Company's website at www.uranerz.com, review the
Company's filings with the Securities and Exchange Commission at
www.sec.gov, or visit the Company's profile on SEDAR at
www.sedar.com. 
Forward-looking Statements 
This press release may contain or refer to "forward-looking
information" and "forward-looking statements" within the meaning of
applicable United States and Canadian securities laws, which may
include, but are not limited to, statements with respect to the
potential for the Company to secure a loan through the Wyoming
Business Council, the Company's expectations regarding the terms of
such loan and all other statements which describe future activities
or express intentions, plans or expectations and all statements in
the future tense. Such forward-looking statements reflect our current
views with respect to future events and are subject to certain risks,
uncertainties and assumptions, including, the risks and uncertainties
outlined in our most recent financial statements and reports and
registration statement filed with the SEC (available at www.sec.gov)
and with Canadian securities administrators (available at
www.sedar.com). Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those anticipated, believed,
estimated or expected. We do not undertake to update forward-looking
statements, except as required by law.
Contacts:
Uranerz Energy Corporation
Derek Iwanaka
Manager of Investor Relations
1-800-689-1659
investor@uranerz.com
www.uranerz.com