Ur-Energy Stock Price, News & Analysis

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.

Ur-Energy Inc. (NYSE American: URG) held its Annual and Special Meeting on June 3, 2021, where all nominated directors were elected. Jeffrey T. Klenda received 99.49% of votes for his position. The shareholders reappointed PricewaterhouseCoopers LLP as auditors and approved the executive compensation plan with 80.44% support. Amendments to the Restricted Share Unit and Equity Incentive Plan were passed with 78.08% approval. Ur-Energy operates the Lost Creek uranium facility and is poised to begin construction at its second site, Shirley Basin.

Ur-Energy Inc. (NYSE American: URG) announced that its Chairman and CEO, Jeffrey Klenda, will present at the Sidoti Virtual MicroCap Conference on May 20, 2021, at 11:30 a.m. ET. The presentation will cover the company's business and include opportunities for virtual one-on-one investor meetings. Ur-Energy operates the Lost Creek in-situ recovery uranium facility in Wyoming and has produced approximately 2.6 million pounds of U₃O₈ since operations began. The company has received permits to begin construction at its second facility, Shirley Basin.

Ur-Energy Inc. (NYSE American: URG) announced that its Chairman and CEO, Jeffrey Klenda, will present at the Q2 Virtual Investor Summit on May 18, 2021, at 11:45 a.m. ET. He will provide a company overview and be available for one-on-one investor meetings. The summit, featuring over 100 companies and 300 investors, runs from May 17-18, 2021. Investors can join Mr. Klenda's presentation via a live webcast, with links provided for registration.

Ur-Energy operates the Lost Creek uranium facility in Wyoming and has begun preparations for its second facility at Shirley Basin.

Ur-Energy Inc. (NYSE American: URG) announced that Chairman and CEO Jeffrey Klenda will present at the Benzinga Global Small Cap Conference on May 14, 2021, at 3:05 p.m. ET. The virtual conference runs from May 13-14, 2021, and offers opportunities for one-on-one meetings with registered investors.

Ur-Energy operates in-situ recovery uranium facilities in Wyoming and has produced approximately 2.6 million pounds of uranium since starting operations. The company is also preparing for construction at its Shirley Basin facility.