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.
Ur-Energy Inc. (NYSE American: URG) announced that Chairman and CEO Jeffrey Klenda will present at the Benzinga Global Small Cap Conference on May 14, 2021, at 3:05 p.m. ET. The virtual conference runs from May 13-14, 2021, and offers opportunities for one-on-one meetings with registered investors.
Ur-Energy operates in-situ recovery uranium facilities in Wyoming and has produced approximately 2.6 million pounds of uranium since starting operations. The company is also preparing for construction at its Shirley Basin facility.
Ur-Energy Inc. (NYSE American: URG) has filed its Form 10-Q for Q1 2021, reporting cash resources of $17.6 million. The company has received regulatory approvals for its Lost Creek and Shirley Basin projects, enhancing its production capabilities. A public offering yielded net proceeds of approximately $13.9 million, and the company continues to optimize operations at Lost Creek, which can ramp up to full production in six months. The company is poised to support the U.S. national uranium reserve program and is well-positioned amid growing bipartisan support for nuclear energy.
Ur-Energy Inc. (NYSE American: URG) has announced that it has received final approvals from the State of Wyoming and the EPA for its Shirley Basin In Situ Uranium Project. These include the Source and Byproduct Material License, Permit to Mine, and Aquifer Exemption, enabling construction to commence. This project effectively doubles Ur-Energy's Wyoming-based uranium recovery capacity. The Shirley Basin Project hosts 8.8M pounds of uranium resources, with a planned processing capacity of up to 2M pounds annually. The company maintains a strong cash position of $18.6 million.
Ur-Energy, a uranium mining company, will have its Chairman and CEO, Jeffrey Klenda, present at the Emerging Growth Conference on April 14, 2021, from 1:15 p.m. to 2:00 p.m. Eastern Time. The virtual conference will provide an overview of Ur-Energy's business, including its operational achievements at the Lost Creek facility, which has produced over 2.6 million pounds of uranium. Registrations are encouraged, and an archived webcast will be available for those unable to attend live.
Ur-Energy Inc. (NYSE American: URG) announced that its Chairman and CEO, Jeffrey Klenda, will present at the H.C. Wainwright Spring Mining Conference on April 19, 2021. The conference will be conducted virtually from April 19-20, 2021. Klenda will provide an overview of the company's business and will be available for one-on-one meetings with registered investors. Interested institutional investors can register for the conference here. Ur-Energy operates the Lost Creek uranium facility in Wyoming and has over 2.6 million pounds of uranium produced.
Ur-Energy Inc. has received approval from the Wyoming Uranium Recovery Program for amendments to the Lost Creek Project license, allowing for expansion to six planned mine units. The annual plant production capacity has increased to 2.2 million pounds U3O8, significantly enhancing operational potential. With a cash position of $18.6 million and nearly 285,000 pounds of inventory, Ur-Energy is poised for growth, targeting increased production at Lost Creek and receiving final authorizations for the Shirley Basin mine.
Ur-Energy Inc. (NYSE American: URG) will present at the Q1 Investor Summit (Virtual) on March 25, 2021, at 10:30 a.m. ET. CEO Jeffrey Klenda will cover the company's operations and the uranium market. Attendees can participate in one-on-one meetings with Klenda by registering for the conference. Ur-Energy operates the Lost Creek uranium facility in Wyoming and has produced over 2.6 million pounds of uranium. After the live presentation, it will be available for viewing on their website (www.ur-energy.com).
Ur-Energy Inc. (NYSE American: URG) announced that CEO Jeffrey Klenda will participate in the 33rd Annual ROTH Conference, scheduled for March 15-17, 2021. Klenda will engage in one-on-one meetings during this virtual event, which showcases presentations from various companies across sectors. Ur-Energy, a uranium mining company based in Wyoming, has produced over 2.6 million pounds of uranium and is pursuing additional project permits, including LC East and Shirley Basin. For more details, visit www.ur-energy.com.
Ur-Energy Inc. (NYSE American: URG) announces participation in the PDAC International Virtual Convention from March 8 to March 11, 2021. The company will be featured in the Corporate Presentation Forum and invites investors to its virtual booth for one-on-one meetings. Ur-Energy operates the Lost Creek uranium recovery facility in Wyoming and has shipped over 2.6 million pounds of uranium since operations began. The company is also seeking to expand its operations at the LC East project area and the Shirley Basin Project.
Ur-Energy has filed its 2020 Annual Report, detailing significant financial data with a net loss of $14.8 million and a gross profit margin of 38% on U3O8 sales. The average price per pound sold decreased to $41.50 from $48.50 in 2019. As of February 24, 2021, the company had $18.6 million in cash and nearly 285,000 pounds of U3O8 in inventory. The CEO emphasized potential future growth driven by supportive U.S. policies on nuclear energy, including the establishment of a national uranium reserve.
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