Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Holmes Richard W
   2. Issuer Name and Ticker or Trading Symbol
URANERZ ENERGY CORP. [URZ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2611 TANBRIDGE ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
03/03/2010
(Street)

CHARLOTTE, NC 28226		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common share optons $ 1.96 03/03/2010   J     130,000 05/23/2006 05/23/2011 Common shares 130,000 $ 1.96 142,500 D  
Common share options $ 3.2 03/03/2010   J     45,000 01/26/2007 01/26/2012 Common shares 45,000 $ 3.2 97,500 D  
Common share options $ 2.64 03/03/2010   J     35,000 01/07/2008 01/07/2013 Common shares 35,000 $ 2.64 62,500 D  
Common shares $ 0.65 03/03/2010   J     37,500 01/05/2009 01/05/2014 Common shares 37,500 $ 0.65 25,000 D  
Common share options $ 0.65 03/03/2010   J   37,500   01/05/2009 01/05/2019 Common shares 37,500 $ 0.65 62,500 D  
Common share options $ 2.64 03/03/2010   J   35,000   01/07/2008 01/07/2018 Common shares 35,000 $ 2.64 97,500 D  
Common share options $ 3.2 03/03/2010   J   45,000   01/26/2007 01/26/2017 Common shares 45,000 $ 3.2 142,500 D  
Common share options $ 1.96 03/03/2010   J   130,000   05/23/2006 05/23/2016 Common shares 130,000 $ 1.96 272,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Holmes Richard W
2611 TANBRIDGE ROAD
CHARLOTTE, NC 28226		   X      

Signatures

 Richard Holmes   03/03/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
The expiry period of options held by Mr. Holmes was extended to a term of ten years from their original grant date. This has been reported as a cancellation of hte original grant and a grant of new options having a term of ten years from the grant date and otherwise on the same terms as the original grant.

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