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Nature of Operations
6 Months Ended
Jun. 30, 2014
Nature of Operations [Text Block]
1.

Nature of Operations

     
 

Uranerz Energy Corporation (the “Company”) was incorporated in the State of Nevada, U.S.A. on May 26, 1999. Effective July 5, 2005, the Company changed its name from Carleton Ventures Corp. to Uranerz Energy Corporation. The Company has mineral property interests in the United States.

     
 

The Company is an Exploration Stage Company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Entities . The Company’s principal business is the acquisition and exploitation of uranium and mineral resources.

     
 

As at June 30, 2014, the Company has working capital of $2,090,823 and cash on hand of $2,930,779. Management expects that the Company’s financial position, together with the financing described in Note 16(a), will be sufficient to fund operations through 2015.