Welcome to our dedicated page for Ur-Energy news (Ticker: URG), a resource for investors and traders seeking the latest updates and insights on Ur-Energy stock.
Ur-Energy Inc. (NYSE American: URG) operates at the forefront of U.S. uranium production through its advanced in-situ recovery operations. This dedicated news hub provides investors and industry stakeholders with comprehensive updates on corporate developments, operational milestones, and regulatory progress.
Access authoritative updates including quarterly production reports from the Lost Creek facility, permitting advancements for the Shirley Basin Project, and strategic initiatives shaping North America's nuclear fuel supply chain. Our curated collection features official press releases covering resource expansion, environmental stewardship practices, and market positioning within the global uranium sector.
Key content categories include operational performance metrics, exploration program updates, compliance documentation, and leadership announcements. Bookmark this page for direct access to Ur-Energy's evolving story as it advances sustainable uranium extraction through innovative ISR technologies and responsible resource development.
Ur-Energy (URG) has released its Q1 2025 operational updates for Lost Creek and Shirley Basin projects. At Lost Creek, the company achieved production of 83,066 pounds U3O8 and shipped 106,301 pounds. Current inventory includes 29,700 pounds in-process, 10,772 pounds drummed at site, and 368,540 pounds at conversion facility.
Wellfield flow rates increased 44% since March 2025, now exceeding 2,700 gallons per minute with 19 contract drill rigs. The annualized production rate averaged over 400,000 pounds, approaching the 2025 customer commitment of 440,000 pounds plus a 250,000-pound loan repayment.
At Shirley Basin, construction remains on schedule for early 2026 startup. Key completed milestones include road upgrades, monitor well installation, building refurbishment, and infrastructure development. The company has hired senior management and construction staff, with additional recruiting ongoing.
A recent Executive Order by President Trump has initiated a Section 232 investigation into critical minerals and uranium imports, with potential implications for domestic producers like Ur-Energy.
Ur-Energy (URG) has released its 2024 year-end results, showing mixed performance. The company captured 265,746 pounds U3O8 in 2024, up from 103,487 pounds in 2023. Sales totaled 570,000 pounds at an average price of $58.15/lb, resulting in a loss of $6.19/lb compared to a profit of $30.90/lb in 2023.
Financial highlights include cash resources of $76.1 million as of December 31, 2024, up from $59.7 million in 2023. The company reported a net loss of $53.2 million for 2024. Lost Creek operations continued ramping up with six header houses coming online, while development at Shirley Basin progressed toward planned early 2026 production.
The company has secured contracts for 440,000 to 1,300,000 pounds of annual U3O8 deliveries from 2025 through 2030, with additional commitments for 2032-2033. For 2025, URG plans to deliver 440,000 pounds U3O8 for approximately $27.1 million in sales proceeds.
Ur-Energy (NYSE: URG) has announced a delay in filing its 2024 annual financial statements, management's discussion and analysis, and related documents beyond the prescribed deadlines. The delay stems from an accounting issue regarding the classification of certain stock options as a liability under the company's Amended and Restated Stock Option Plan.
The non-cash reclassification from equity to liabilities and potential adjustment to stock compensation expense will impact options from late 2024. The company expects to file the required documents by April 14, 2025. No restatement is anticipated for the 2023 financial statements.
As a result, Ur-Energy has applied for a management cease trade order (MCTO), which would restrict the CEO and CFO from trading company securities while allowing common shares to continue trading on the TSX and NYSE American. The company confirms it is not subject to any insolvency proceedings.
Ur-Energy (NYSE:URG) has emerged as the largest uranium producer in the US, with its Lost Creek ISR project leading production from Q3 2023 through Q3 2024. The company captured approximately 81,767 pounds U3O8 in Q4 2024 and a total of 265,744 pounds U3O8 in 2024. Lost Creek's life of mine production exceeded 3.0 million pounds in Q3 2024.
The company is expanding operations with the Shirley Basin ISR project, currently under construction and expected to begin commissioning in January 2026. This addition will increase Ur-Energy's licensed production capacity by approximately 83%. Construction progress includes completed monitor well installation, power supply setup, and ongoing facility upgrades. The company maintains 20 drill rigs at Lost Creek and plans to deploy approximately six additional rigs at Shirley Basin in Q2 2025.
Ur-Energy also announced plans for a 2025 exploration program in the Great Divide Basin, targeting approximately 180 exploration holes and 20 wells across their 35,000-acre property portfolio.
Ur-Energy (NYSE American:URG) announces its participation in the virtual 2025 Mining Conference: Mining and Supplying Critical Minerals & Precious Metals hosted by Maxim Group on January 16, 2025. Chairman and CEO John Cash will engage in a fireside chat at 9:30 a.m. Mountain Time / 11:30 a.m. Eastern Time.
The company operates the Lost Creek in situ recovery uranium facility in Wyoming, which has produced approximately 2.8 million pounds of U3O8 since operations began. Ur-Energy has received major permits for its second facility, Shirley Basin, and is advancing its construction following a March 2024 'go' decision. The company is awaiting regulatory authorization for Lost Creek's expansion.
Ur-Energy (URG) reported Q3 2024 results with production at Lost Creek reaching 75,075 pounds captured and 71,804 pounds dried. The company sold 100,000 pounds U3O8 at $61.65 per pound, generating $6.2 million in revenue. Cash resources increased to $129.4 million from $68.2 million at year-end 2023. Due to ramp-up challenges, 2024 production guidance was revised to 240,000-280,000 pounds U3O8. The company expects total 2024 sales of 570,000 pounds at an average price of $58.15 per pound. Development continues at Shirley Basin, with production expected to begin in early 2026, potentially doubling annual production capacity to 2.2M pounds.
Ur-Energy congratulates Constellation on securing an 835-megawatt power purchase agreement with Microsoft, marking Constellation's largest such deal. The agreement will restart Pennsylvania's Three Mile Island Unit 1 reactor, creating 3,400 jobs and offsetting 61 million metric tons of CO2 over 20 years. Ur-Energy, the largest domestic uranium producer in the U.S. in 2024 H1, continues as a key supplier to Constellation from its Wyoming operations. The company is expanding with its Shirley Basin ISR mine, expected to complete in late 2025, increasing production capacity by 83%. This development aligns with growing data center electricity demands, projected to reach 9.1% of U.S. electricity generation by 2030.
Ur-Energy provides updates on its Lost Creek mine operations and Shirley Basin construction, along with revised 2024 production guidance. Key points include:
- Five header houses coming online at Lost Creek in 2024, with HH2-10 active since mid-August
- Average production solution headgrade in August was 67.1 mg/L
- Fifth yellowcake shipment of 2024 delivered on September 11
- 15 drill rigs on site at Lost Creek, with plans to redirect some to exploration projects
- 2024 production guidance revised to 325,000-475,000 pounds of U3O8 captured
- Shirley Basin development on schedule, with 120 monitor wells installed
- Shirley Basin construction expected to be complete in late 2025
The company faces challenges with employee training and retention but reports steady progress in production ramp-up.
Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced its upcoming 2024 Q2 webcast and teleconference, scheduled for Tuesday, August 27, 2024, at 9:00 a.m. MT / 11:00 a.m. ET. The event will feature a review of the company's Q2 operations and results, followed by a Q&A session. Participants can join via phone or online, with pre-registration available.
Ur-Energy is a uranium mining company operating the Lost Creek facility in Wyoming, which has produced approximately 2.7 million pounds of U3O8 since operations began. The company is also advancing construction at its second facility, Shirley Basin, following a March 2024 'go' decision. Ur-Energy's primary trading market is on the NYSE American under the symbol 'URG', with additional listing on the Toronto Stock Exchange as 'URE'.
Ur-Energy (URG), a uranium mining and processing company, is set to participate in the Q3 Investor Summit on August 20th, 2024. The event, focusing on 50 micro-cap companies with catalysts or strong market performance, will feature Ur-Energy's presentation at 3:00 pm ET. Investors can access the webcast at https://www.webcaster4.com/Webcast/Page/3062/51139.
In addition to the presentation, Ur-Energy will be available for one-on-one meetings throughout the day. The summit offers a unique opportunity for qualified investors to engage with promising micro-cap companies, featuring live Q&A sessions. Interested investors are encouraged to register for this complimentary event to gain insights into Ur-Energy's operations and potential.
