Ur-Energy Stock Price, News & Analysis

Ur-Energy Inc. (NYSE American: URG) reported its Q1 2022 financial results, maintaining cash resources of $46.3 million. CEO John Cash highlighted rising uranium prices amid global supply concerns. The Lost Creek project remains operational at reduced levels but is progressing towards full production readiness, with improvements expected by Q3 2022. The company is focused on securing advantageous contracts and advancing R&D to lower production costs. The uranium market shows increased interest from financial players, supporting ongoing operations and future production plans.

Ur-Energy (NYSE American: URG) announced that CEO John Cash will present at the Q2 Investor Summit in New York City on May 4, 2022. He will discuss preparations at the Lost Creek facility, aiming to ramp up uranium production. Cash will also outline advancements in R&D, including a technology reducing disposed water by 90% and a provisional patent expected to cut wellfield rig time and costs. The summit features over 65 companies and 300 investors. The presentation will be webcasted for those unable to attend.

Ur-Energy (NYSE American: URG) will present at the Emerging Growth Conference on April 27, 2022, from 9:30 a.m. to 10:00 a.m. Eastern Time. CEO John Cash will discuss progress at the Lost Creek facility, aimed at accelerating production. He will also share updates on innovative R&D projects, including a technology that reduces disposed water by an additional 90% and a project to lower wellfield rig time and costs. The presentation will be available live and archived online.

Ur-Energy (NYSE American: URG) has provided an operational update on its Lost Creek project, highlighting progress in well installation and construction efforts. Completion of well installation in Header House 2-4 is anticipated in May 2022, with production readiness expected in Q3 2022. The company is also addressing supply chain challenges by pre-ordering materials for additional header houses. Ongoing R&D initiatives focus on innovative casing materials and advanced water treatment systems, aimed at enhancing efficiency and reducing environmental impact.

Ur-Energy filed its Annual Report on Form 10-K for 2021, reporting a net loss of $22.9 million and maintaining cash resources of $46.2 million. The company captured 251 pounds of U3O8 but made no sales due to low uranium prices. CEO John Cash emphasized the growing support for nuclear energy and the company's preparedness to ramp up production at Lost Creek, which can reach 1.2 million pounds annually post-decision. With 284,000 pounds of U3O8 inventory valued at $14.4 million, Ur-Energy is poised to respond to market demands and government programs for uranium reserves.

Ur-Energy Inc. (NYSE American: URG) has announced the resignation of Jeffrey T. Klenda as CEO, effective March 1, 2022. John W. Cash, previously Vice President of Regulatory Affairs, will succeed him as CEO and will also join the Board of Directors. Klenda will continue as Chairman and President until his retirement at the Annual General Meeting in June 2022. Cash brings nearly 30 years of uranium industry experience and has previously managed the permitting processes for the Lost Creek and Shirley Basin uranium mines. This leadership transition aims to ensure continuity and growth in the company’s operations.

Ur-Energy Inc. (NYSE American: URG) reported its Q3 results for 2021, revealing a cash position of $40.9 million and 285,000 pounds of U₃O₈ inventory valued at $13.4 million. The company has initiated a development program at its Lost Creek facility to advance operations to full production readiness. A significant market shift has seen uranium spot prices rise over 70% this year. Ur-Energy is preparing for a potential ramp-up in production, with plans for additional header houses in Mine Unit 2 and exploring opportunities at the Shirley Basin project.

Ur-Energy Inc. (NYSE American: URG) announced its Q2 2021 results, reporting over $20 million in cash and 285,000 pounds of U3O8 in inventory. The company received regulatory approvals for its Shirley Basin Project, effectively doubling its production capacity. Operations at Lost Creek are ongoing at reduced levels, with plans to ramp up production as market conditions improve. Debt forgiveness of $903,000 was also recognized. Ur-Energy continues to monitor the uranium market to optimize operations and prepare for potential expansion.

Ur-Energy (NYSE American: URG) announced it will join the Russell 3000 Index effective June 28, 2021. This inclusion reflects a significant increase in market capitalization and is expected to enhance shareholder value and expand the shareholder registry. The Russell Index is influential, with approximately $10.6 trillion in assets benchmarked against it. Ur-Energy operates the Lost Creek Project in Wyoming and is set to ramp up production, having obtained necessary permits for its second facility, Shirley Basin.