Ur-Energy (NYSE MKT: URG) recently posted its operational results for fourth quarter and year-end 2016, also reporting operational highlights and recent developments such as uranium sales for its Lost Creek in-situ recovery (ISR) uranium facility in south-central Wyoming. Contract sales for the fourth quarter from Lost Creek-produced U3O8 totaled 100,000 pounds at an average price of $32.70 per pound, for sales revenues of $3.3 million. For the year, the company had 662,000 pounds of U3O8 under contract at an average price of $47.61. “Our operations in 2016 continued at rates still well above initial projections for this period in Lost Creek’s production life. Reliable cash flow from long-term sales agreements continues to protect and distinguish our Company during this challenging time in the market. Cash flow is more important now than ever before.”
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About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. The Lost Creek processing facility has a two million pounds per year nameplate design capacity. Shirley Basin, the company’s newest project, is one of the Pathfinder Mines assets it acquired in 2013. Applications for permits and licenses to operate Shirley Basin have begun to be submitted to regulators. 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. Shares of Ur-Energy trade on the NYSE MKT under the symbol “URG” and on the Toronto Stock Exchange under the symbol “URE.” Ur-Energy’s corporate office is located in Littleton, Colorado; its registered office is in Ottawa, Ontario.