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. reports developments as a domestic uranium producer focused on in-situ recovery projects in Wyoming. Company updates regularly cover production and wellfield activity at Lost Creek, operations at Shirley Basin, U3O8 sales and inventory, technical reports for mineral resources, and exploration or development work in its U.S. uranium portfolio.
News also includes financial results, conference-call releases, regulatory and permitting milestones tied to ISR operations, and capital-structure actions such as convertible senior notes or at-the-market equity programs. The company’s common shares trade as URG on the NYSE American and URE on the Toronto Stock Exchange.
Ur-Energy Inc. (NYSE American: URG) announced that its Chairman, Jeffrey Klenda, will present at the LD 500 Virtual Conference hosted by LD Micro from September 1-4, 2020. Klenda's presentation is scheduled for September 2, 2020, at 11:40 a.m. ET, where he will discuss the company's operations and provide updates on uranium markets. Investors can register for the event and schedule one-on-one meetings with Klenda. Ur-Energy operates the Lost Creek uranium facility in Wyoming and has produced approximately 2.6 million pounds of U3O8 since operations began.
Ur-Energy Inc. (URG) filed its Form 10-Q for Q2 2020, reporting U3O8 sales of $6.93 million from 167,000 pounds at an average price of $41.50 per pound. The company continues to emphasize its role in U.S. energy security following a Nuclear Fuel Working Group report. With a cash position of $4.1 million and proceeds from a recent direct offering, Ur-Energy aims to optimize operations at its Lost Creek facility. Future production increases are contingent on market conditions and ongoing legislative support for uranium reserves.
Ur-Energy Inc. (NYSE American: URG) announced the closing of a registered direct offering of 9 million common shares and accompanying warrants to purchase 4.5 million common shares at $0.52 per share. The offering generated gross proceeds of $4.68 million. The warrants, exercisable at $0.75 per share, are valid for two years. The funds will support operations and general corporate purposes. This offering was conducted under a shelf registration statement effective since May 27, 2020, with Cantor Fitzgerald & Co. acting as the sole placement agent.
Ur-Energy Inc. (NYSE American: URG) announced a registered direct offering of 9 million common shares at $0.52 each, along with one-half warrants for an additional 4.5 million shares. This offering is expected to generate approximately $4.68 million in gross proceeds, which will be used for sustaining operations, working capital, and general corporate purposes. The warrants are exercisable at $0.75 and expire in two years. Closing is anticipated around August 4, 2020.