In early July a new uranium company, URZ Energy Corp., completed its initial public offering and listing on the TSX Venture exchange – an electronic trading stock exchange based in Canada.

URZ is led by an experienced management team including Glenn Catchpole as CEO. Catchpole, a licensed engineer with almost 40 years of uranium experience, was the former CEO of Uranerz Energy Corp. prior to its $180 million acquisition by Energy Fuels in 2015.

Uranerz was founded in 2005, with an inception market capitalization of approximately $10 million. The uranium price was hovering between $20 and $30 per pound and over the course of the next ten years, Uranerz acquired, explored, and developed the Nichols Ranch uranium mine in Wyoming (as well as other assets), culminating in the sale of Uranerz to Energy Fuels during the uranium slump following the Fukushima disaster.  

At its peak, Uranerz Energy had a market capitalization approaching $420 million. At the time of sale, in a post-Fukushima market climate, the company was valued at approximately $175 million.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 26031.80 0.70%
S&P 500 2792.67 0.64%
NASDAQ 7527.55 0.90%
TSX 16013.01 0.08%
TSX-V 623.27 0.00%

Resource Commodities

Name Last Change
Gold 1327.60 0.31%
Silver 15.92 0.69%
Copper 2.96 0.060
Platinum 843.03 0.000
Oil 57.26 0.52%
Natural Gas 2.72 0.74%
Uranium 28.70 0.00%
Zinc 1.22 0.00%