Ur-Energy Provides Updates on Operations, Construction, and 2024 Guidance

Ur-Energy Inc. has shared key updates on its Lost Creek Mine operations and Shirley Basin construction, along with revised production forecasts for 2024.

At Lost Creek, the ramp-up continues with five header houses expected online in 2024. Recent additions include Header House 2-10 and the upcoming HH2-11. August production headgrade averaged 67.1 mg/L. The fifth yellowcake shipment was completed, with another scheduled for late September. A new disposal well is now operational. Due to workforce challenges, 2024 production guidance is revised to 325,000-475,000 pounds of U3O8.

Shirley Basin's well installations are on track, and baseline water tests are set for fall. Construction progresses with power and road upgrades completed. The project remains on schedule for a 2025 completion.