Uranerz Energy (URZ, URZ.TO) on Monday said its Q1 net loss widened as expenses at one of the company’s uranium projects rose.
The net loss was $4.9 million, or $0.06 per diluted share, for Q1 ended March 31, 2014 compared to a net loss of $4.1 million, or $0.05 per share, a year earlier.
The company said costs at its Nichols Ranch ISR Uranium Project went up to $50.9 million from $47.9 million in Q4, 2013 and mineral property expenditures rose to $3.3 million from $2.8 million in Q4.
No analyst estimates were available for comparison.
URZ was up near 2% in recent trading at $1.24 each, in a 52-week range of $0.80 – $1.97.
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