Ur-Energy(NYSEMKT) URG

Ur-Energy Inc. (URG:NYSEMKT) mines uranium to fuel nuclear power plants. This fuel helps provide carbon-free electricity for homes and businesses. The company uses specialized liquids to extract uranium from deep underground.

What Does Ur-Energy Produce?

• Uranium Oxide: Concentrated uranium, known as U3O8, that is sold to utilities for use in nuclear reactors.
• In Situ Recovery: Mining process that extracts minerals by circulating liquid through underground deposits rather than digging.
• Lost Creek Project: Flagship mining and processing facility in Wyoming equipped to dry and package uranium product.
• Shirley Basin Project: Second mining site that captures uranium for final processing at the Lost Creek plant.
• Exploration Projects: Future production sites including the Lost Soldier and LC South properties in Wyoming.

Expansion and Strategic Projects

• Commenced initial operations to extract and capture uranium at the Shirley Basin Project in April 2026.
• Received final authorization for full mining and transportation operations at Shirley Basin in June 2026.
• Issued 4.75% Convertible Senior Notes in December 2025 to fund ongoing project development.
• Installed a sand filtration system at the Lost Creek facility during the second quarter of 2026 to improve production flow.
• Started a 120-drill hole exploration program at the LC South property in the third quarter of 2026.

Why Its Mining Style Matters

Ur-Energy builds its own equipment in a central Wyoming shop to save money and improve safety. The company has secured contracts to deliver 5.75 million pounds of uranium through 2033.

A Look at the Numbers

• Revenue was $14.4 million in the second quarter of 2026, up from $10.4 million in the same 2025 period.
• Net loss was $45.5 million in the six-month period ended June 30, 2026.
• Operating costs rose $11.0 million in the first half of 2026 compared to the same period in 2025.
• Unrestricted cash totaled $95.3 million as of June 30, 2026.
• Sold 215,000 pounds of uranium at an average price of $66.85 per pound in the second quarter of 2026.

Bottom Line

Ur-Energy has transitioned from an exploration stage company to a multi-site producer by expanding its Wyoming operations. Its focus on in situ recovery and long-term sales contracts supports its growth in the domestic uranium market.