URZ announced today that the Wyoming Department of Environmental Quality has issued the Class I Underground Injection Control (deep disposal well) permit for the Co's Nichols Ranch ISR Uranium Project located in the Powder River Basin of Wyoming, U.S.A. This deep disposal well authorization is the last permit required to begin operations and commercial uranium production at Nichols Ranch.

Opening the World’s Next Major Uranium Supply in United States: Initiating Coverage with Strong Buy Rating and 3.5X Upside with $5 Target for 2013

Investment Conclusion: We are initiating coverage of Uranerz Energy Corporation with a Strong Buy Rating and $5.00 target price on 92.4 million shares fully diluted on a $3.50 NAV and 1.5 DCF multiple to represent M&A premium.