8 July 2015listing compliance notice▼ BadMajor
URANERZ ENERGY CORP. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
24 June 2015securities registration● Neutral
URANERZ ENERGY CORP. amended an already-effective registration statement.
22 June 2015listing compliance notice● NeutralMajor
URANERZ ENERGY CORP.'s exchange filed to remove a class of its securities from listing.
19 June 2015business combination● NeutralMajor
The Energy Fuels merger closed on June 18, 2015 after Uranerz shareholders approved it (50,755,719 votes for, 1,634,303 against). Each Uranerz share was cancelled and converted into 0.255 Energy Fuels common shares, and options and warrants became exercisable into Energy Fuels shares at adjusted terms. Uranerz is now an indirect wholly owned subsidiary of Energy Fuels, NYSE MKT trading was suspended, and a delisting filing was planned for June 22 and a deregistration filing (Form 15) around July 6, 2015. All the Uranerz directors and its CEO and CFO resigned; Stephen Antony became CEO and Daniel Zang CFO, and Paul Goranson became Executive Vice President, ISR Operations. This resolves the pending merger thread.
11 June 2015business combination▲ Good
Uranerz furnished a June 10, 2015 press release saying proxy advisor ISS recommended that Uranerz and Energy Fuels shareholders support the merger at their upcoming meetings. The filing adds no new deal terms and the merger was still pending at this point.
11 June 2015business combination● Neutral
On June 10, 2015 the parties to the shareholder lawsuits over the Energy Fuels merger signed a memorandum of understanding to settle them, and Uranerz added disclosures to its merger proxy ahead of the June 18, 2015 shareholder meeting. The settlement is conditional on a stipulation, court approval and the merger closing, and the filing says it will not change the consideration Uranerz shareholders receive. Defendants deny wrongdoing. The extra disclosures include valuation details from Euro Pacific's fairness opinion; for example, its net asset value split of Uranerz at 42.3% (downside), 39.1% (base) and 27.6% (upside) of the combined company.
11 May 2015quarterly activities report● Neutral
URANERZ ENERGY CORP. reported quarterly revenue of $3.4 million for the period ended 2015-03-31.
11 May 2015business combination● NeutralMajor
On May 8, 2015 Uranerz and Energy Fuels amended the merger agreement: Uranerz nominees to the Energy Fuels board drop from three (Higgs, Catchpole, Saxton) to two (Higgs, Catchpole), because Energy Fuels decided to set its post-merger board at eight rather than at least nine. The amendment also adds a tax withholding: US-tax (FIRPTA) subject holders of Uranerz shares only would have 10% of their Energy Fuels shares withheld and sold to cover the tax, and a withholding also applies to warrant holders. The exchange ratio and other main terms are not described as changed. A first-quarter 2015 earnings release was also furnished, but its figures are not in the text. The deal is still pending.
19 Mar 2015resource reserve update● NeutralMajor
On March 16, 2015 Uranerz filed two Canadian-standard technical reports dated February 28, 2015: an updated preliminary economic assessment for Nichols Ranch and a resource report for Arkose. The Nichols Ranch plan now adds the Jane Dough Unit, built before the Hank Unit, with a pipeline to carry Hank fluids to the existing Nichols Ranch plant. Remaining resources at Nichols Ranch are stated as 7,865,000 pounds measured and indicated (7,194,000 attributable to Uranerz) and 1,184,000 pounds inferred (1,112,000 attributable to Uranerz); about 199,000 pounds were reported extracted in 2014 and the plant is licensed for 2 million pounds a year. The report warns that economic viability is not yet shown, Jane Dough still needs licensing and permitting, Hank needs more drilling, and inferred resources (about 8% of planned production, starting 2021) are speculative. The Arkose report text was truncated, so its figures are not available.
17 Mar 2015business combination● Neutral
Uranerz furnished a March 16, 2015 news release saying it had filed its 2014 annual report (Form 10-K), plus a transcript of a March 3 Toronto Stock Exchange interview with CEO Glenn Catchpole about the merger. The release and transcript contents are not reproduced, and no new merger terms are given; the Energy Fuels deal remains pending. (The filing text says the interview was March 3, 2014, but the exhibit index says March 3, 2015; the 2015 date is likely correct - inference.)
11 Mar 2015business combination● Neutral
Uranerz furnished a March 6, 2015 news release announcing Bernard Bonifas as Mine Manager of the Nichols Ranch uranium project in Wyoming. The filing restates that the Energy Fuels merger is pending and adds no new merger terms.
19 Feb 2015business combination● Neutral
Uranerz furnished a transcript of a February 17, 2015 Business News Network interview with Executive Chairman Dennis Higgs and Energy Fuels CEO about the pending merger. The filing gives no new deal terms and does not reproduce the interview content; the merger with Energy Fuels remains pending.
18 Feb 2015business combination● Neutral
Uranerz furnished a February 18, 2015 news release giving an update on ongoing wellfield expansion at the Nichols Ranch project; the release's content is not reproduced in the filing text. The filing restates that the Energy Fuels merger is still pending, with no change to its terms.
13 Feb 2015substantial holder notice● Neutral
Global X Management Company LLC, Bruno del Ama, Jose C. Gonzalez reported a URANERZ ENERGY CORP. shareholding of 8,613,803 shares (8.98% of votes) in a periodic institutional filing.
12 Jan 2015material agreement● Neutral
This amendment only adds the full merger agreement and the two forms of voting agreement (with Energy Fuels' and Uranerz's directors and certain officers) as exhibits to the January 5 filing. It states no other changes were made; no new terms are described in the text.
8 Jan 2015business combination● Neutral
Uranerz furnished the investor presentation used on the January 8, 2015 joint call with Energy Fuels about the proposed merger. The text itself contains no new terms; a call transcript is to be filed later by amendment.
7 Jan 2015business combination● Neutral
Uranerz and Energy Fuels announced a joint conference call and webcast for January 8, 2015 to discuss the proposed merger, hosted by Energy Fuels CEO Stephen Antony and Uranerz Executive Chairman Dennis Higgs. The filing adds no new deal terms; it just furnishes the press releases announcing the call.
5 Jan 2015business combination● NeutralMajor
On January 4, 2015 Uranerz agreed to be acquired by Energy Fuels Inc. through a merger, after which Uranerz would survive as an indirect wholly owned subsidiary of Energy Fuels. Each Uranerz share would be converted into 0.255 Energy Fuels common shares, and Energy Fuels would assume the options and warrants (including the 2013 and 2014 offering warrants, with terms adjusted for the ratio). Closing needs approval from a majority of Uranerz shareholders (and a majority of votes cast excluding directors and officers), Energy Fuels shareholders, an effective SEC Form F-4, exchange listings and regulatory approvals. There is a reciprocal US$5 million break fee, an outside date of July 31, 2015, and three Uranerz nominees would join the Energy Fuels board. Uranerz directors and certain officers holding about 4.0% of shares agreed to vote for it. The deal is not yet complete, so shareholders' position is not yet settled.
10 Nov 2014quarterly activities report● Neutral
URANERZ ENERGY CORP. reported quarterly revenue of $3.9 million for the period ended 2014-09-30.
3 Oct 2014securities registration● Neutral
URANERZ ENERGY CORP. filed the final prospectus for a registered offering.
11 Aug 2014quarterly activities report▼ Bad
URANERZ ENERGY CORP. reported quarterly revenue of $0 and a net loss of $4.5 million for the period ended 2014-06-30.
25 July 2014material agreement● NeutralMajor
The July 2014 offering closed: 9,600,000 units at US$1.25 raised US$12 million gross. Uranerz signed a warrant indenture with Corporation Stock Transfer for the US$1.60 warrants, which it may accelerate to expire 30 days after notice if the shares close above $2.75 for 20 consecutive trading days. The company says it expects to use net proceeds to continue development and operations of mining facilities, including wellfields, at Nichols Ranch, plus working capital and general corporate purposes. This adds new shares and warrants (dilution) to those from the September 2013 offering.
24 July 2014securities registration● Neutral
URANERZ ENERGY CORP. filed the final prospectus for a registered offering.
18 July 2014securities registration● Neutral
URANERZ ENERGY CORP. filed the final prospectus for a registered offering.