Ur-Energy Highlights Constellation's Power Purchase Agreement with Microsoft

Ur-Energy Inc. has extended its congratulations to Constellation for establishing a historic power purchase agreement with Microsoft. Through this agreement, Constellation will supply 835 megawatts of electricity, marking the restart of the Three Mile Island Unit 1 nuclear reactor in Pennsylvania. This significant project is expected to offer 835 megawatts of carbon-free electricity to the energy grid, contribute to the creation of 3,400 jobs, and reduce around 61 million metric tons of CO2 emissions over twenty years.

John Cash, CEO of Ur-Energy, expressed enthusiasm over Constellation's growth in the U.S. nuclear sector and highlighted Ur-Energy’s role as a longstanding uranium supplier. With nuclear energy gaining importance in carbon reduction efforts, Ur-Energy aims to maintain its leadership in uranium production within the U.S. As demand from big data centers increases, driven by rising electricity needs, the reliance on nuclear energy is poised to grow, positioning Ur-Energy for continued relevance in this dynamic industry.