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Ur-Energy - URG STOCK NEWS

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.

Overview and Core Business

Ur-Energy Inc is a dynamic uranium mining company that specializes in uranium recovery operations in the United States. The company is dedicated to the acquisition, exploration, development, and operation of uranium mineral properties, with a primary focus on in-situ recovery (ISR) technologies. Operating its flagship Lost Creek facility in south‐central Wyoming, Ur-Energy uses advanced ISR methods to extract uranium efficiently and with minimal environmental disturbance.

Operational Excellence at Lost Creek

The Lost Creek facility is designed to optimize uranium extraction through state-of-the-art processing circuits and detailed geological and hydrological assessments. The in-situ recovery process, a cornerstone of Ur-Energy's operations, enables the company to achieve reliable and consistent production while adhering to strict regulatory standards and industry best practices. This technical proficiency in uranium extraction is reinforced by meticulous process engineering and continuous improvements that ensure operational integrity.

Strategic Expansion through Shirley Basin

In addition to its established operations at Lost Creek, Ur-Energy is advancing the Shirley Basin Project in Wyoming. This strategic asset builds on the historical significance of in-situ recovery in the region and is supported by baseline studies and permitting efforts. The Shirley Basin Project is set to expand the company's production capabilities, diversify its asset portfolio, and further solidify its position within the uranium mining sector. The development of Shirley Basin underscores Ur-Energy's commitment to operational expansion and technological innovation in uranium extraction.

Market Position and Industry Impact

Ur-Energy operates within a competitive environment in the uranium mining sector, where technological excellence and a deep understanding of mineral extraction drive success. The company distinguishes itself with an extensive exploration database and rigorous analysis programs that support asset development and resource replacement. With its common shares trading under the symbols URG and URE, Ur-Energy has established a notable presence in major North American capital markets, affirming its role in supporting global nuclear energy supply chains.

Expertise, Innovation, and Analytical Rigor

At the core of Ur-Energy’s operations is a commitment to technical expertise and continuous innovation. The company’s operational framework is built upon advanced ISR technology, detailed permitting processes, and comprehensive resource evaluation. Its analytical approach, based on robust geological data and extensive field studies, demonstrates a high level of experience and authoritativeness. This detailed, data-driven methodology ensures that the company maintains operational efficiency and adheres to industry-leading standards in safety and environmental management.

Common Questions Addressed

  • What is in-situ recovery? In-situ recovery is a method of extracting uranium directly from the ore body by injecting and circulating a specially formulated solution to dissolve the uranium, thereby minimizing the need for conventional mining.
  • How does Ur-Energy generate revenue? The company generates revenue primarily through the extraction and sale of uranium from its Lost Creek facility, supported by ongoing asset development and exploration initiatives.
  • What differentiates Ur-Energy in the uranium mining sector? Its technical expertise in ISR, extensive permitting and regulatory compliance, and strategic asset portfolio—including the Shirley Basin Project—set it apart in the competitive uranium market.

This comprehensive overview serves as an authoritative resource, offering detailed insights into Ur-Energy’s business model, operational strategies, and market significance, making it a valuable reference for investors, analysts, and industry observers.

Rhea-AI Summary
Ur-Energy Inc. announces the decision to build out the Shirley Basin Project in Wyoming, aiming to double annual mine production capacity to 2.2 million pounds of uranium. The project, based on growing uranium sales and market demand, will feature a low-cost satellite plant with a flow rate of 6,000 gallons per minute. The estimated construction cost is $24.4 million, with sustaining capital expenditures of $9.2 million and operating costs of $24.40 per pound. The project is expected to take 24 months to complete.
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Ur-Energy Inc. files updated S-K 1300 Technical Report Summaries for Lost Creek Property and Shirley Basin Project, indicating significant uranium resources and positive economic analyses. The reports support the potential viability of both projects, with strong production plans and promising returns. Ur-Energy aims to supply fuel for clean energy solutions, showcasing a robust outlook for future operations.
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Ur-Energy Inc. files its Annual Report for 2023, reporting $17.3 million in revenues. The company completed two new sales agreements, enhancing sales contracts through 2030. Financially, the company had $59.7 million in cash resources by the end of 2023, showing an increase of $26.7 million from the previous year. Production figures at Lost Creek in 2023 were positive, capturing 103,487 pounds of U3O8, with plans to expand production capacity in 2024. The company generated positive gross profits from uranium sales in 2023, with an average gross profit margin of nearly 50%.
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Ur-Energy Inc. provides an update on 2023 Q4 and Year-end uranium sales and production operations at Lost Creek. The company captured approximately 103,487 pounds U3O8 in 2023, with 68,448 pounds U3O8 captured in Q4. Wellfield development is ongoing, and staffing at Lost Creek is complete. The company sold 280,000 pounds U3O8 in 2023 and has cash and cash equivalents of $59.7 million as of December 31, 2023. Sales in 2024 are projected at 570,000 pounds U3O8, with additional sales commitments in the global nuclear industry over a five-year period beginning in 2026.
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Ur-Energy Inc. announces CEO's participation in The Microcap Conference at Caesar's Atlantic City Hotel and Casino. John Cash to present Company update.
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Ur-Energy Inc. has filed its Form 10-Q for Q3 2023, reporting an increase in cash and cash equivalents to $54.6 million. The company sold 190,000 pounds of U3O8 at an average price of $62.56 per pound, with expected total sales of 280,000 pounds U3O8 in 2023 for $17.3 million. The anticipated revenues for 2023-2028 are approximately $220 million. The company is the only active uranium miner in the U.S. and one of two active miners in North America.
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Ur-Energy provides update on Q3 production operations and sales agreements
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Ur-Energy Inc. reports Q2 2023 financial results, with cash resources of $68.0 million, an increase of $35.0 million from the previous quarter. The company expects to sell 280,000 pounds of U3O8 in 2023 for $17.3 million, and current anticipated revenues for 2023-2028 are approximately $220 million. They have three multi-year sales agreements and plan to ramp up production at their Lost Creek and Shirley Basin projects. The company's cash position as of August 3, 2023, was $63.7 million, and they have 223,790 pounds of U3O8 in their conversion facility inventory.
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FAQ

What is the current stock price of Ur-Energy (URG)?

The current stock price of Ur-Energy (URG) is $0.683 as of April 11, 2025.

What is the market cap of Ur-Energy (URG)?

The market cap of Ur-Energy (URG) is approximately 232.2M.

What is Ur-Energy's primary business?

Ur-Energy specializes in uranium mining and recovery operations, focusing on in-situ recovery at its Lost Creek facility in Wyoming and advancing the Shirley Basin Project.

How does in-situ recovery work in their operations?

In-situ recovery involves injecting a specially formulated solution into the ore body to dissolve uranium, which is then recovered from the solution, significantly reducing environmental impact compared to traditional mining.

What are the key facilities of Ur-Energy?

The company operates the Lost Creek ISR uranium facility and is progressing the development of the Shirley Basin Project, both of which play a central role in its production capacity.

Where is Ur-Energy listed?

Ur-Energy’s common shares are traded on the NYSE American under the symbol URG and on the Toronto Stock Exchange under the symbol URE.

How does the company manage exploration and asset development?

With an extensive exploration database and rigorous analysis programs, Ur-Energy focuses on acquiring, exploring, and developing uranium mineral resources through detailed geological assessments and permitting processes.

What factors contribute to its competitive position?

Its use of advanced ISR technology, robust regulatory framework, and a strategic mix of assets like Lost Creek and Shirley Basin contribute to its competitive stance in the U.S. uranium market.

How does Ur-Energy maintain operational efficiency?

Efficiency is maintained through continuous process improvements, stringent safety and environmental standards, and effective management of its technical and operational infrastructure.

Is Ur-Energy involved in any other mining activities?

While its main focus is uranium mining and recovery, the company also engages in exploration and asset development to support ongoing production and resource expansion within the sector.
Ur-Energy

NYSE:URG

URG Rankings

URG Stock Data

232.19M
359.33M
1.34%
83.24%
5.86%
Uranium
Gold and Silver Ores
Link
United States
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