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.
"We are very pleased to be working with the State in arranging this non-dilutive, low cost form of financing which will fund completion of construction at our Nichols Ranch ISR Uranium Project in Johnson County," stated Mr. Glenn Catchpole, Uranerz' President and CEO. "The Industrial Development Revenue Bond program is another positive example of how the State of Wyoming supports the minerals industry, helping make it number one in America in uranium, trona, bentonite, and coal production."
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Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
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