On July 8, 2008, the registrant issued the attached press release relating to the drilling update on Arkose Mining Venture (“Arkose”). The press release is hereby being furnished to, not filed with, the Securities and Exchange Commission (“SEC”) on Form 8-K to satisfy the Company’s “public disclosure” obligations under Regulation FD of the SEC.

Section 8.0 Other Events

Item 8.01

The registrant announced the exploration drilling status on the Arkose property in the Powder River Basin of Wyoming. From March 6, 2008 to June 30, 2008, a total of 266 uranium trend exploration and delineation holes were drilled, utilizing up to 5 drill rigs and 2 electric log probing units. This drilling, a total of approximately 186,925 feet with an average depth of 703 feet per hole, was conducted on four previously identified exploration targets in areas the Company has identified as East Buck, South Collins Draw, Sand Rock, and Little Butte. Significant results are as disclosed in press release. The 2008 Arkose drilling program was slower to ramp-up than anticipated due to unusually wet weather and soft ground conditions in May and June. As a result, Uranerz expects to drill about 800,000 feet for the year 2008, instead of the approximately 900,000 feet announced in previous news releases.

Item 9.01 Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.