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 (URG), a uranium mining and processing company, is set to participate in the Q3 Investor Summit on August 20th, 2024. The event, focusing on 50 micro-cap companies with catalysts or strong market performance, will feature Ur-Energy's presentation at 3:00 pm ET. Investors can access the webcast at https://www.webcaster4.com/Webcast/Page/3062/51139.
In addition to the presentation, Ur-Energy will be available for one-on-one meetings throughout the day. The summit offers a unique opportunity for qualified investors to engage with promising micro-cap companies, featuring live Q&A sessions. Interested investors are encouraged to register for this complimentary event to gain insights into Ur-Energy's operations and potential.
Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has released its 2024 Q2 results, highlighting increased production at Lost Creek Mine and progress at Shirley Basin Project. Key points include:
1. Q2 production: 70,679 pounds captured, 64,170 pounds dried and packaged, 70,390 pounds shipped.
2. Q2 sales: 75,000 pounds U3O8 at $61.65 per pound, generating $4.6 million.
3. 2024 projected sales: 570,000 pounds U3O8 at $58.15 per pound, expecting $33.1 million revenue.
4. Cash position: $61.3 million as of June 30, 2024.
5. Equity financing: Raised $69.0 million through public offering.
6. Production guidance: Lowered to 550,000-650,000 pounds U3O8 for 2024.
7. Contract book: 5.7 million pounds U3O8 through 2030.
Ur-Energy is advancing Shirley Basin Project, aiming to double annual production capacity to 2.2 million pounds U3O8 by 2026.
Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced the pricing of its underwritten public offering of 57,150,000 common shares at $1.05 per share. The company expects to raise approximately $60.0 million in gross proceeds, before deducting underwriting discounts, commissions, and other expenses. Ur-Energy has granted underwriters a 30-day option to purchase up to 8,572,500 additional shares on the same terms. The offering is set to close around July 29, 2024. Cantor is acting as the sole book-running manager, with several co-managers. The company plans to use the net proceeds for working capital, Lost Creek ramp-up, Shirley Basin development, potential acquisitions, and general corporate purposes.
Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced plans for an underwritten public offering of its common shares. The company intends to grant underwriters a 30-day option to purchase additional shares, up to 15% of the offering. Cantor is acting as the sole book-running manager. Ur-Energy plans to use the net proceeds for:
- Continued ramp-up at Lost Creek
- Development at Shirley Basin
- Possible future acquisitions or strategic transactions
- Working capital and general corporate purposes
The offering is subject to market conditions, with no assurance of completion or final terms. Securities will be offered under a previously filed and effective shelf registration statement.
Ur-Energy (NYSE American:URG)(TSX:URE) provides a 2024 Q2 update on its Lost Creek production operations and Shirley Basin development. Key highlights include:
1. Lost Creek production increased, with 70,679 pounds captured, 64,170 pounds dried and packaged, and 70,390 pounds U3O8 shipped in Q2.
2. 2024 production guidance adjusted to the lower side of 550,000 to 650,000 pounds captured on IX resin.
3. Shirley Basin development progressing with monitor well installation and infrastructure improvements.
4. Q2 uranium sales of 75,000 pounds U3O8 at an average price of $61.65 per pound, generating $4.6 million in revenue.
5. Total expected 2024 sales of 570,000 pounds U3O8, with anticipated revenues of $33.1 million.
6. Cash and cash equivalents of $61.3 million as of June 30, 2024.
Ur-Energy held its Annual General and Special Meeting of Shareholders on June 6, 2024. All seven director nominees listed in the management proxy circular were elected, with John W. Cash receiving 99.51% of votes in favor. The reappointment of PricewaterhouseCoopers LLP as independent auditors was approved, and the directors were authorized to fix their remuneration. Additionally, the 'say on pay' vote for executive compensation was approved by 96.17% of votes cast.
Ur-Energy Inc. will present at the Emerging Growth Virtual Conference on May 9, 2024. The CEO, John Cash, will provide updates on production operations and the Shirley Basin Project. The company invites attendees to register for the event and submit questions in advance. Ur-Energy is a uranium mining company with significant operations in Wyoming.
Ur-Energy Inc. released its 2024 Q1 results, reporting a decrease in cash resources, positive sales agreements, and financial activities. The company is encouraged by the unanimous passing of a Russian Uranium Ban and plans to expand its U.S. based production portfolio. Operations at Lost Creek are progressing, with ramp-up continuing, new sales agreements completed, and a focus on expanding production.
Ur-Energy Inc. will host a webcast and teleconference for its 2024 Q1 earnings on May 8, 2024. The company will review operations and results, followed by a Q&A session. Ur-Energy is a uranium mining company with major permits for a new facility in Wyoming. The primary trading market is on NYSE American (URG) and the Toronto Stock Exchange (URE).
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