Latest news with #Ur-EnergyInc
Associated Press
27-05-2025
- Business
- Associated Press
Ur-Energy Commends President Trump's Bold Executive Orders for the Reinvigoration of the U.S. Nuclear Industry and U.S. Energy Security
LITTLETON, CO / ACCESS Newswire / May 27, 2025 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ('Ur-Energy'), a long-term leading U.S. uranium miner, commends the Trump Administration on its bold action of issuing four Executive Orders making the expansion of nuclear power a national priority. Ur-Energy commends President Trump's initiative through the issuance of the four Executive Orders. The actions taken will accelerate the development of the nuclear industrial base domestically and reposition the U.S. as a commercial nuclear leader globally. The Executive Orders complement other recent bipartisan Congressional actions to advance the domestic nuclear fuel cycle. The shift to nuclear power is global, resulting from the desire of many nations for energy security and reliable carbon-free baseload power, and from the immense growth in electricity demand from AI and quantum computing. Based on these sustaining needs, we believe the demand for nuclear power has fundamentally and irreversibly changed. The President's actions support long-term uranium demand and therefore production from Ur-Energy's Lost Creek and Shirley Basin mines. Ur-Energy continues to ramp up production at Lost Creek and will start uranium production at Shirley Basin in the near-term, leading to a licensed 2.2 million pound annual production capacity. Ur-Energy is one of only a few established U.S. miners positioned to supply uranium into the domestic market. Our Lost Creek Mine is fully permitted, staffed and ramping up production. We recently received the final approvals to expand Lost Creek, allowing for many additional years of uranium recovery. We are constructing Shirley Basin, our second Wyoming recovery site, with production planned to commence in early 2026. In addition to Lost Creek and Shirley Basin, we have planned delineation and exploration drilling on several of our other Wyoming projects this summer to expand our uranium resource base. As of May 2, 2025, we were in the enviable position of having $66M in cash resources to advance our corporate objectives. We are excited by the rapid growth potential of the U.S. and global commercial nuclear industry and applaud President Trump's bold action last week to return the U.S. to its leadership role in the nuclear sector. The Executive Orders' mandate of rapid action will result in the expansion of the domestic reactor fleet and resulting demand for uranium. Ur-Energy has the people, projects and experience to deliver into this national priority. About Ur-Energy Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 2.9 million pounds U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming. Ur‑Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur‑Energy's common shares is on the NYSE American under the symbol 'URG.' Ur‑Energy's common shares also trade on the Toronto Stock Exchange under the symbol 'URE.' Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario. FOR FURTHER INFORMATION, PLEASE CONTACT John W. Cash, Chairman, CEO & President 720-981-4588, ext. 303 [email protected] Cautionary Note Regarding Forward-Looking Information This release may contain 'forward-looking statements' within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., the timing, implementation and funding for the directives included in the recent Executive Orders related to nuclear energy, and the resulting effects on the domestic uranium recovery industry including effects for our company if the directives are successfully implemented; our ability to complete the ramp-up of production at Lost Creek; the outcome of the planned delineation and exploration programs to grow our mineral resources, including timing for the program, and results of drilling; timing and ability to complete build out of Shirley Basin as currently projected; whether growing global support for nuclear energy will continue and be sustained and whether the demand for nuclear power has irreversibly changed; whether we have and will maintain the projects and experience to deliver into the announced national policy related to nuclear energy) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans,' 'expects,' 'does not expect,' 'is expected,' 'is likely,' 'estimates,' 'intends,' 'anticipates,' 'does not anticipate,' or 'believes,' or variations of the foregoing, or statements that certain actions, events or results 'may,' 'could,' 'might' or 'will be taken,' 'occur,' 'be achieved' or 'have the potential to.' All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of uranium which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at and Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future. SOURCE: Ur-Energy Inc. press release
Yahoo
23-04-2025
- Business
- Yahoo
Ur-Energy Inc. (URG): The Best Uranium Stock to Invest in According to Analysts
We recently published a list of . In this article, we are going to take a look at where Ur-Energy Inc. (NYSEAMERICAN:URG) stands against other uranium stocks to invest in. Nuclear power is making a notable comeback. More than 20 countries pledged to triple nuclear energy by 2050 at the COP28 summit. Nuclear power is considered crucial for lowering emissions, and it is gaining support from both environmental advocates and US national security interests, though for different motivations. Big tech companies are also getting involved as they hunt for more energy to power massive data centers. Uranium is not presently categorized as a 'critical mineral' by the US Geological Survey (USGS) because it is classified as a fuel mineral. However, President Trump is pushing for its inclusion in the list, which would gather federal support and speed up project approvals. This seems like a sensible play on Trump's part, as demand for uranium is climbing, and the US relies almost entirely on imports, with most of the world's supply originating from a handful of countries. Uranium prices were at a 16-year high in 2023 and, while they have dipped marginally, they remain higher than at any time since Fukushima in 2011. In December 2024, John Ciampaglia, CEO of Sprott Asset Management, told CNBC that the uranium industry had been on life support for nearly a decade after Fukushima, and there needed to be better supply discipline in the market. Uranium producers need to ensure that future supply matches demand. He noted that three factors supported the industry – first, the growing electrification in China, India, and other developing countries, secondly, energy security and decarbonization are putting the focus back on nuclear fuel as an energy source, and third, tech companies are now investing in the development of small modular reactors. He also commented on uranium spot and market prices, which are gradually moving upward. He believes uranium prices need to go higher to incentivize chemical producers and miners to increase production and build new mines, which is critical to developing uranium as a reliable electricity fuel in the coming decades. Current supply shortages, higher long-term prices, and forecasts for record nuclear energy production in 2025 all point to a positive future. With that industry outlook in mind, let's take a look at the best uranium stocks to buy according to analysts. Image by Markus Distelrath from Pixabay For this article, we searched credible websites and compiled an extensive list of US-listed uranium stocks. Next, we manually searched for the average upside potential of each stock and selected 12 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of April 19. We have also mentioned the hedge fund sentiment as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 10 Average Upside Potential: 229.92% Ur-Energy Inc. (NYSEAMERICAN:URG) is a Colorado-based uranium mining company that explores, develops, and manages uranium sites across the United States. The company operates the Lost Creek uranium facility in Wyoming, which has already produced about 2.8 million pounds of uranium. It recently got approval to expand operations, which can raise production capacity up to 2.2 million pounds a year, though some final permits are still expected in 2025. URG is also proceeding with the Shirley Basin Project, which got approval in 2024 and is set to begin construction in 2025. Ur-Energy Inc. (NYSEAMERICAN:URG) ranks first on our list of the best uranium stocks to buy. By the end of 2024, Ur-Energy Inc. (NYSEAMERICAN:URG) had $76.1 million in cash, up from $59.7 million the year before. The company raised nearly $100 million through financing, but spent most of it on operations and some on investments and restricted cash. In 2024, they sold 570,000 pounds of uranium but at a loss, selling it for $58.15 per pound while it cost them $64.34 to produce. That is a sharp contrast to 2023, when they made a healthy profit of nearly $31 per pound. Despite some financial struggles, the company has 21 drill rigs running at Lost Creek and brought two new well sites online in early 2025. According to Insider Monkey's fourth quarter database, 10 hedge funds held long positions in Ur-Energy Inc. (NYSEAMERICAN:URG), the same as the prior quarter. Azarias Capital Management held the leading stake in the company, with nearly 21 million shares valued at $24 million. Overall, URG ranks 1st among the best uranium stocks to invest in according to analysts. While we acknowledge the potential of URG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than URG but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-03-2025
- Business
- Yahoo
Those who invested in Ur-Energy (TSE:URE) five years ago are up 105%
Ur-Energy Inc. (TSE:URE) shareholders might be concerned after seeing the share price drop 27% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. In fact, the share price is 105% higher today. To some, the recent pullback wouldn't be surprising after such a fast rise. Ultimately business performance will determine whether the stock price continues the positive long term trend. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 40% decline over the last twelve months. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. Check out our latest analysis for Ur-Energy Ur-Energy wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. When a company doesn't make profits, we'd generally hope to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size. In the last 5 years Ur-Energy saw its revenue shrink by 21% per year. Given that scenario, we wouldn't have expected the share price to rise 15% per year, but that's what it did. It just goes to show tht the market is forward looking, and it's not always easy to predict the future based on past trends. Still, this situation makes us a little wary of the stock. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. While the broader market gained around 15% in the last year, Ur-Energy shareholders lost 40%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 15%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Ur-Energy , and understanding them should be part of your investment process. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Ur-Energy Provides Production and Construction Updates Including its Leadership Position as a Strategic Producer of US Uranium
Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") provides the following updates on the growing strategic importance of its leading US production portfolio anchored by its operating Lost Creek ISR uranium project and near-term production growth from the addition of its Shirley Basin ISR project currently under construction. Production at Lost Creek continues to grow as set forth below. In 2025, we look forward to the build out of our Shirley Basin Project with commissioning expected to start in January 2026. Operations at Shirley Basin will increase Ur-Energy's licensed production capacity by approximately 83%. Continued global support for nuclear energy and initial actions taken by the Trump administration in the US indicate growing acceptance for nuclear energy. Largest Uranium Producer in the US Ur-Energy is proud to announce that Lost Creek is the largest uranium producer in the US according to the US Energy Information Administration's ("EIA") Domestic Uranium Production Report Third Quarter 2024 released in December 2024. The EIA report indicates that Lost Creek produced significantly more uranium in each quarter than any other mine in the US from Q3 2023 through the last reporting period of Q3 2024. We are also pleased to note that Lost Creek's life of mine production exceeded 3.0 million pounds in Q3 2024. Lost Creek Production Ramp up continued at Lost Creek with six header houses coming online in 2024. Most recently, Header House (HH) 2-12 came online in late January 2025. The average production solution head grade in Q4 2024 was 66.2 mg/L. We captured approximately 81,767 pounds U3O8 in Q4 2024, and a total of 265,744 pounds U3O8 in 2024, which was in line with our most recent guidance (see Ur-Energy's November 6, 2024 news release). We drummed 74,006 pounds U3O8 in Q4 2024 and a total of 249,210 pounds U3O8 in 2024. We currently have 20 drill rigs turning at Lost Creek, which is adequate for our present development requirements and our planned exploration efforts for 2025. The Casper shop is functioning well and is capable of meeting our present header house development needs. At present, we have a full complement of approximately 85 Lost Creek employees and note that retention has improved in recent months. Significant repairs on Dryer #1 were completed in Q4 2024 allowing us take Dryer #2 down in January 2025 for minor maintenance repairs, which are expected to be completed in February at which time both dryers should be available for production. We will provide further updates in our 2024 Annual Report on Form 10-K, which is anticipated to be filed on or before March 10, 2025. 2025 Exploration Programs This summer, we plan to conduct exploration programs designed to grow our reported uranium mineral resources in the Great Divide Basin. In addition to the Lost Creek permit area, we hold certain adjoining projects that together total more than 35,000 acres. These properties contain many prospective exploration targets, which we are currently evaluating for the 2025 exploration program. Drilling may also take place at others of our mineral properties in the Great Divide Basin, Wyoming. At this point, we expect to utilize our current drill rig fleet to drill approximately 180 exploration holes and 20 wells. Shirley Basin Development Installation of 120 monitor wells for the first mine unit at Shirley Basin (SB MU1) was completed in 2024 and hydrologic testing yielded excellent results that are consistent with historic test results. Installation of downhole pumps in the monitor wells will begin in the coming weeks allowing baseline sampling to be completed this spring. Installation of SB MU1 production wells will begin in Q2 2025 utilizing approximately six drill rigs, which will be in addition to the 20 rigs dedicated to Lost Creek. Subsequent to year-end, we initiated production and injection testing of representative wells in Mine Unit 1 to facilitate better engineering of pumping and pipeline systems. The tests and related analyses are ongoing. Tests to date indicate that flow rates are strong. We expect flow rates will vary throughout the project but the production rates in the test patterns were within the range of 70 to 80 gpm. These rates are consistent with the high historic inflow of water into the underground workings at Shirley Basin in the early 1960s that drove innovation toward in situ mining at the project and resulted in the recovery of 1.5 million pounds of U3O8 through ISR, before other mining methods were initiated. Power supply to the satellite plant construction area has been completed and the line is energized. The access road is complete, and the septic system is installed. Construction of fifteen IX columns remains on target with delivery expected in Q3 2025. Our purchasing program for equipment and materials continues, with an emphasis on continually reviewing the timing for long lead-time purchases such as electronic components and resin for capture of uranium. A contract has been signed with the local power company to upgrade the existing electrical substation with the goal of completing the upgrade early in Q4 2025. A backup trailer-mounted substation is available if the upgrade is not timely completed. Initial plans to construct new offices and shops were revised in favor of installing modular offices and utilizing existing buildings for shops. Pictures of ongoing upgrades, which will be largely complete in Q1 2025, are shown below. The modular office space will be approximately 2,400 square feet and the building is scheduled to be delivered in Q3 2025. Additional modular office and facility buildings have been purchased and are on site at Shirley Basin. All required permits for the construction and development of Shirley Basin have been received. We continue to expect construction at Shirley Basin to be complete in late 2025 with a pre-operation inspection by the State of Wyoming following soon after. Strategic Assets Aligned with Recent Executive Orders from the White House The Trump administration has prioritized several initiatives which the Company believes highlight the strategic value of its US uranium mines. Executive Orders were recently signed to increase domestic energy and critical minerals production and strengthen American leadership in Artificial Intelligence ("AI"). AI infrastructure has energy needs that are multiples of traditional data centers. Nuclear energy will play an integral role in filling this need as a clean, cost-effective source of baseload power as evidenced by the landmark 20-year Power Purchase Agreement between Constellation Energy and Microsoft which included the restart of the Three Mile Island Unit 1 nuclear reactor. In addition, the Trump administration has noted that it may implement tariffs on certain countries as a means to strengthen border security and address trade deficits which may be beneficial for US uranium producers that intend to supply US utilities. Last week, Department of Energy Secretary Wright issued a secretarial order titled "Unleashing the Golden Era of American Energy Dominance." The order states, in part, "[t]he long-awaited American nuclear renaissance must launch during President Trump's administration. As global energy demand continues to grow, America must lead the commercialization of affordable and abundant nuclear energy." As the largest uranium producer in the US with a strong organic growth profile, it is an exciting time in the Company's history. Ur-Energy is pleased to play an important role in domestic energy production and security. We take this responsibility seriously and will continue to focus on responsible production, resource development and exploration. About Ur-Energy Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 2.8 million pounds U3O8 from Lost Creek since the commencement of operations. Ur-Energy has all major permits and authorizations to begin construction at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming and is advancing Shirley Basin construction and development following the March 2024 'go' decision for the mine. We await the remaining regulatory authorization for the expansion of Lost Creek. Ur‑Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur‑Energy's common shares is on the NYSE American under the symbol "URG." Ur‑Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario. FOR FURTHER INFORMATION, PLEASE CONTACT John W. Cash, Chairman, CEO & President720-981-4588, ext. Cautionary Note Regarding Forward-Looking Information This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., ability to continue to ramp-up production at Lost Creek, including addressing ongoing maintenance, staffing and drill rig issues; the outcome of the planned exploration program to grow our mineral resources, including timing for the program, and results of drilling; timing and ability to complete build out of Shirley Basin as currently projected, including among other variables, construction, purchasing, and securing drill rigs; how the current plans of the Trump administration may affect our industry and our business and whether growing global support for nuclear energy will continue) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," or "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at and Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future. SOURCE: Ur-Energy Inc. Sign in to access your portfolio
