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Jun 30, 2021
Ur-Energy Q2 2021 Earnings Report
Ur-Energy's Q2 2021 results were released, highlighting a strong cash position and advancements in regulatory approvals for key projects.
Key Takeaways
Ur-Energy reported having over $20 million in cash and 285,000 pounds of U3O8 in inventory. They received all remaining major approvals for the Shirley Basin Project, effectively doubling the Company’s licensed and permitted production capacity. The company is prepared to ramp up Lost Creek production and construct the Shirley Basin mine site when market conditions improve.
Ended the period with over $20 million in cash and 285,000 pounds U3O8 in inventory.
Received all remaining major approvals for Shirley Basin Project, doubling licensed production capacity.
Lost Creek operations continue at reduced production levels while awaiting uranium reserve implementation.
Advanced planning for drilling and production well installation in Mine Unit 2 at Lost Creek.