Ur-Energy Stock Price, News & Analysis

Ur-Energy (NYSE: URG) commends President Trump's issuance of four Executive Orders aimed at expanding U.S. nuclear power capacity. The orders set an ambitious goal of quadrupling American nuclear energy capacity from 100 GW to 400 GW by 2050. Key directives include adding 5 gigawatt of power uprates to existing reactors and initiating construction of 10 new large reactors by 2030.

Ur-Energy, a U.S. uranium miner, is well-positioned to benefit from these developments with its Lost Creek mine currently ramping up production and Shirley Basin project set to commence production in early 2026. The company has $66M in cash resources and a licensed annual production capacity of 2.2 million pounds. The company plans additional delineation and exploration drilling on several Wyoming projects this summer to expand its uranium resource base.

Ur-Energy has received approval from Wyoming's Department of Environmental Quality for the LC East HJ and KM amendments to their Lost Creek Permit to Mine. This authorization allows for the construction and operation of six additional mine units, expanding their uranium recovery capabilities.

The approved areas contain significant uranium resources: 1.378 million pounds in Measured, 1.635 million pounds in Indicated, and 2.220 million pounds in Inferred Mineral Resources. The company now awaits final EPA approval for aquifer exemption.

Additionally, two major federal developments could positively impact operations:

• President Trump's Executive Order launching a Section 232 investigation into critical minerals imports, including uranium
• Department of Interior's implementation of "Emergency Permitting Procedures" to expedite energy project reviews

Ur-Energy operates the Lost Creek facility in Wyoming, having produced approximately 2.9 million pounds of U3O8 since operations began. The company is also advancing construction at its second facility, Shirley Basin.

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.