Ur-Energy Announces Expansion Approval and Q1 2025 Results

Ur-Energy Inc. has released its Q1 2025 results, revealing significant developments. The company received final approval for the Lost Creek expansion, having secured the aquifer exemption necessary for mining. This approval follows years of analysis and is set to provide nuclear fuel for U.S. and European power plants, diversifying Wyoming's tax base.

Operationally, Ur-Energy reported the drying and packaging of 83,066 pounds of U3O8, with 106,301 pounds shipped to the conversion facility. The inventory stood at 403,827 pounds. The wellfield flow rate increased by 44%, reaching over 2,800 gallons per minute, with further improvements expected.

Financially, Ur-Energy's cash resources decreased slightly to $86.0 million. The company anticipates delivering 440,000 pounds U3O8 at $61.56 per pound in 2025, generating estimated revenue of $27.1 million.