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Trading on TSX Venture Exchange Imminent for New Uranium Miner Helmed by Experienced Team

Source: The Gold Report

 

July 7, 2017 (Investorideas.com Newswire) A uranium exploration and development company focused on projects in the Western U.S., led by a team that has done it before, begins trading on the TSX Venture exchange July 7.


URZ Energy Corp. (URZ:TSX.V) completed its IPO on July 5 and will debut trading on the TSX Venture exchange on July 7 under the ticker symbol URZ. Focused on uranium properties in Wyoming and the Western U.S., the company was created by Todd Hilditch. Hilditch, who has previously had strong ties to the lithium/energy sector through Salares Lithium before being acquired by Talison Lithium (which grew to another $840 million takeover), is being joined by four very experienced uranium/energy executives formerly of Uranerz Energy Corp.

Uranerz was acquired by Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.MKT) in June 2015 for $180 million based on Uranerz's operations focused on the Powder River Basin area of Wyoming, where it developed the in-situ Nichols Ranch project. Prior to the takeover, Uranerz was led by Dennis Higgs, Uranerz's executive chairman; Glenn Catchpole, who served as Uranerz's CEO; Ben Leboe, Uranerz's CFO; and Sandra MacKay, the company's senior vice president.

The new company (URZ) utilizes the combined energy and market expertise of its core team: Todd Hilditch is serving as executive chairman, Glenn Catchpole as CEO, Ben Leboe and Sandra MacKay are directors and Dennis Higgs is a consultant and advisor. The board also includes Bryan McKenzie, CFO of URZ.

URZ's initial focus is the Gas Hills project and the Juniper Ridge project, both in Wyoming. These two projects once belonged to Strathmore Minerals before it was acquired by Energy Fuels in 2013. Historical drilling on the projects has resulted in an in-the-ground uranium resource, and potential for expansion through exploration.

The company has also indicated that it could acquire additional projects.

The company has 26.4 million shares outstanding, giving it an enterprise value of approximately $2 million based on the $0.15 IPO price and the amount of money in its treasury. Both of the combined management teams have independently and historically achieved impressive shareholder returns in their respective lithium/uranium energy public companies.

Disclosure:

1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.

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4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of URZ Energy Corp., a company mentioned in this article


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