Ur-Energy Stock Price, News & Analysis

Ur-Energy Inc. (NYSE American: URG) announces participation in the PDAC International Virtual Convention from March 8 to March 11, 2021. The company will be featured in the Corporate Presentation Forum and invites investors to its virtual booth for one-on-one meetings. Ur-Energy operates the Lost Creek uranium recovery facility in Wyoming and has shipped over 2.6 million pounds of uranium since operations began. The company is also seeking to expand its operations at the LC East project area and the Shirley Basin Project.

Ur-Energy has filed its 2020 Annual Report, detailing significant financial data with a net loss of $14.8 million and a gross profit margin of 38% on U3O8 sales. The average price per pound sold decreased to $41.50 from $48.50 in 2019. As of February 24, 2021, the company had $18.6 million in cash and nearly 285,000 pounds of U3O8 in inventory. The CEO emphasized potential future growth driven by supportive U.S. policies on nuclear energy, including the establishment of a national uranium reserve.

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.