UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 13, 2009
Date of Report (Date of earliest event reported)
URANERZ ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
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| NEVADA |
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001-32974 |
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98-0365605 |
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(Commission File Number)
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(IRS Employer Identification No.) |
| incorporation) |
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| 1701 East “E” Street |
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| PO Box 50850 |
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| Casper, Wyoming, USA
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85605 |
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| (Address of principal executive offices)
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(Zip Code) |
604-689-1659
Registrant’s telephone number, including area code
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 7.01. Regulation FD Disclosure.
On October 13, 2009, Uranerz Energy Corporation (the “Company”) filed the attached amended and
restated Technical Report prepared for its Arkose Mining Venture, a joint venture between the
Company (81%) and Uranium Nuclear LLC (19%), entitled “Technical Report — South Doughstick
Property, Campbell and Johnson Counties, Wyoming, U.S.A., dated August 11, 2009, amended and
restated October 12, 2009” (the “Report”), with securities regulatory authorities in Canada,
pursuant to Canadian securities laws and rules of the Toronto Stock Exchange. It is hereby
furnished to, not filed with, the Securities Exchange Commission (the “SEC”) on Form 8-K to satisfy
the Company’s “public disclosure” obligations under Regulation FD of the Securities Exchange Act of
1934.
The Report was prepared in accordance with the Canadian Securities Administrators’ National
Instrument 43-101 (“NI 43-101”) by Douglass H. Graves, a licensed Professional Engineer, of TREC,
Inc.. Mr. Graves is an independent Qualified Person as defined by NI 43-101. As a company listed on
the Toronto Stock Exchange and a reporting issuer under Canadian securities laws, the Company is
required to prepare its technical reports in accordance with the policies of NI 43-101, the
Canadian securities laws and the rules of the Toronto Stock Exchange.
All mineral resources have been estimated in accordance with the definition standards on mineral
resources and mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum
referred to in NI 43-101. U.S. reporting requirements for disclosure of mineral properties are
governed by the SEC Industry Guide 7 (“Guide 7”). NI 43-101 and Guide 7 standards are substantially
different. The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are
Canadian mining terms as defined in accordance with NI 43-101. These definitions differ from the
definitions in Guide 7. Under Guide 7 standards, a “final” or “bankable” feasibility study is
required to report reserves, the three-year historical average price is used in any reserve or cash
flow analysis to designate reserves and the primary environmental analysis or report must be filed
with the appropriate governmental authority.
The Report uses or may use the terms “mineral resource,” “measured mineral resource,” “indicated
mineral resource” and “inferred mineral resource”. We advise investors that these terms are defined
in and required to be disclosed by NI 43-101; however, these terms are not defined terms under
Guide 7 and are normally not permitted to be used in reports and registration statements filed with
the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these
categories will ever be converted into reserves. “Inferred mineral resources” have a great amount
of uncertainty as to their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be
upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may
not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are
cautioned not to assume that all or any part of an inferred mineral resource exists or is
economically or legally mineable. Disclosure of “contained pounds” in a resource is permitted
disclosure under Canadian regulations; however, the SEC normally only permits issuers to report
mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade
without reference to unit measures.
Item 8.01 Other Information
On October 13, 2009, we filed an amended and restated technical report entitled “Technical Report,
South Doughstick Property, Campbell and Johnson Counties, Wyoming, U.S.A.” prepared by Douglass H.
Graves, PE of TREC, Inc. and dated August 11, 2009, amended and restated October 12, 2009. The
technical report was amended after we discovered that the Arkose Mining Venture does not control
100% of the fee mineral interests on the west one half of one section in the project area. We
recently discovered that the Arkose Mining Venture’s interest is subject to a 50% interest for the
minerals on the west one half of Section 29. This has resulted in 50% decrease in the resources
for that section (a decrease of approximately 18% for the total project) as reported in the
previous technical report, dated August 11, 2009.
Item 9.01 Exhibits
The following Exhibits relating to Item 7.01 are intended to be furnished to, not filed with, the
SEC, pursuant to Regulation FD.
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| Exhibit |
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Description of Exhibit |
99.1
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Technical Report — South Doughstick Property, Campbell and Johnson
Counties, Wyoming, U.S.A., dated August 11, 2009, amended and
restated October 12, 2009 |
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99.2
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Consent of Qualified Person — Douglass Graves, Professional Engineer |