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; TSX: URE) is a uranium mining company whose news flow centers on its in situ recovery uranium operations and corporate developments. The company reports that it operates the Lost Creek ISR uranium facility in south-central Wyoming and is advancing development and construction at Shirley Basin, its second ISR uranium facility in Wyoming.
News updates from Ur-Energy commonly include operational and production results from Lost Creek, such as quarterly U3O8 production, sales volumes, inventory levels, and plant optimization activities. The company also issues releases on construction milestones and staffing progress at Shirley Basin, describing work on processing facilities, wellfields, and supporting infrastructure as the project moves toward uranium production.
Investors following URG news will also see capital markets and financing announcements, including offerings of 4.75% Convertible Senior Notes due 2031 and related capped call transactions. These items provide insight into how the company funds project development, exploration programs, and general corporate purposes.
Ur-Energy’s disclosures highlight exploration activities in Wyoming’s Great Divide Basin at projects such as Lost Soldier, North Hadsell, and LC South, where the company describes aquifer test wells and drill programs intended to support potential future mine planning and resource expansion.
Additional news items cover leadership and governance changes, such as executive appointments, planned CEO succession, and changes in legal and finance leadership, as well as participation in industry and investor conferences focused on nuclear fuel and critical minerals. For readers tracking URG, this news page aggregates these operational, financial, and corporate updates in one place for ongoing monitoring of the company’s reported activities.
Ur-Energy Inc. (NYSE American: URG) closed a public offering of 14,722,200 common shares and related warrants at a price of $0.90 each, raising approximately $15.24 million in gross proceeds. The offering included a 30-day option exercised in full, leading to a total of 16,930,530 shares and warrants issued. Proceeds will support operational readiness, potential acquisitions, and general working capital. The offering was managed by Cantor Fitzgerald & Co. and other financial partners, with securities registered under an effective SEC filing.
Ur-Energy Inc. (NYSE American: URG) responded to a request from the IIROC regarding the recent rise in its stock price and trading volume. The company confirmed it has no undisclosed material information that would explain this activity. Ur-Energy operates the Lost Creek in-situ recovery uranium facility in Wyoming, having produced over 2.6 million pounds of uranium since operations began. The company is also pursuing permit applications for the LC East project and the Shirley Basin Project.
Ur-Energy Inc. (NYSE American: URG) announced that Congress approved initial funding of $75 million for a national uranium reserve as part of the 2021 appropriations bill. The U.S. Department of Energy is tasked with coordinating this program, which includes establishing legal frameworks for uranium management. This funding is crucial for revitalizing the domestic uranium industry and enhancing national security. Ur-Energy’s Lost Creek Mine is well-positioned to benefit from this initiative, with a capacity to ramp up production rapidly, backed by substantial uranium resources.
Ur-Energy Inc. (NYSE American: URG) will present at the LD Micro Main Event on December 15, 2020, at 11:40 a.m. ET. The event will feature CEO Jeffrey Klenda, who will provide an update on the company's operations, followed by a 10-minute Q&A session. Ur-Energy operates the Lost Creek in-situ recovery uranium facility in Wyoming, having produced over 2.6 million pounds of uranium since starting operations. The company is also pursuing expansions at its LC East and Shirley Basin projects.
Ur-Energy Inc. (NYSE American: URG) announced that its Chairman and CEO, Jeffrey Klenda, will present at the H.C. Wainwright Mining Conference, held virtually from November 30 to December 1, 2020. Klenda's presentation is scheduled for 4:00 p.m. ET on November 30, where he will discuss the company’s business. Institutional investors interested in attending the presentation can register at www.hcwevents.com/mining. Ur-Energy operates the Lost Creek uranium facility in Wyoming, producing over 2.6 million pounds of uranium since operations began.
Ur-Energy Inc. (NYSE American: URG) announced the Senate Committee on Appropriations' approval of FY2021 funding measures, including $150 million for establishing the American Uranium Reserve. This initiative aims to reduce U.S. dependence on imported uranium, particularly from Russia and Kazakhstan. The reserve is expected to support at least two U.S. uranium mines and facilitate domestic uranium purchases of 17-19 million pounds over ten years. Ur-Energy prepares to ramp up production at its Lost Creek mine, maintaining operational readiness for an annual output of one million pounds.
Ur-Energy Inc. (NYSE American: URG) will present at the Fall Investor Summit on November 17, 2020, at 1:00 p.m. ET. The company's Chairman and CEO, Jeffrey Klenda, will discuss the business overview and meet with investors. The presentation can be accessed live via a webcast, with a follow-up availability on the Ur-Energy website. The company operates the Lost Creek uranium facility in Wyoming, having produced over 2.6 million pounds of uranium. Ur-Energy is focused on mining and processing uranium, with ongoing projects in the region.
Ur-Energy has filed its Form 10-Q for Q3 2020, reporting no U3O8 sales during this quarter.
CEO Jeff Klenda highlighted ongoing support from the U.S. Nuclear Fuel Working Group and the bipartisan Congress for the uranium industry.
The company expects substantial cost savings, estimated at over $7 million in 2021 and $4 million in 2022, due to deferred principal payments on its State Bond Loan.
Operational readiness at the Lost Creek facility is maintained, with potential production ramp-up to 1 million pounds annually.
Ur-Energy Inc. (NYSE American: URG) announced on October 21, 2020, the successful amendment of its State of Wyoming Bond Loan, deferring principal payments for another 18 months, saving approximately $7.83 million. The amendments allow for interest-only payments until October 2022, after which both principal and interest payments will resume. The company has also implemented cost-saving measures to reduce operational expenses, with estimated savings exceeding $11 million between 2021 and 2022. Ur-Energy continues to support initiatives to strengthen the uranium production industry in the U.S.
Ur-Energy Inc. (NYSE American: URG) will present at the 22nd Annual Global Investment Conference on September 14, 2020, at 1:30 p.m. ET. CEO Jeffrey Klenda will discuss the company's operations, including its in-situ recovery uranium facility in Wyoming. The presentation will be webcast live, accessible for 90 days after. Ur-Energy will also hold one-on-one meetings with investors on September 15, 2020. The company operates the Lost Creek facility, having produced over 2.6 million pounds of uranium.