LITTLETON, CO / ACCESS Newswire / December 15, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE) today announced the closing of its previously announced offering of $120 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering"), which included the exercise in full by the initial purchasers of their option to purchase an additional US$20 million of notes.Cantor Fitzgerald & Co. acted as sole book-runn ...

Core Viewpoint - Ur-Energy Inc. has announced a private placement of $100 million in 4.75% Convertible Senior Notes due 2031 to raise capital for project development and general corporate purposes [1] Group 1: Financial Details - The offering consists of $100 million aggregate principal amount of notes, with an additional option for initial purchasers to buy up to $20 million more during a 13-day period after issuance [1] - The notes are being offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933 [1] Group 2: Use of Proceeds - A portion of the net proceeds from the offering will be used to purchase cash-settled capped calls to mitigate potential economic dilution, with a cap of 100% premium above the last reported sale price of Ur-Energy's common shares [1]

Core Viewpoint - Ur-Energy Inc. announced its intent to offer $100 million in Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers [1] Group 1: Offering Details - The company plans to issue $100 million aggregate principal amount of Convertible Senior Notes [1] - An option will be granted to initial purchasers to buy an additional $20 million in notes during a 13-day period after the initial issuance [1]

Uranium mining company Ur-Energy Inc. ( URG ) has been on my radar for a while now, and the trade has not gone as expected. Cash levels have declined 56.12% (YoY), and revenues have fallen 81.06% (in the 9 monthsI have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.Analyst’s Disclosure:I/we have n ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] Investment Landscape - Wall Street is investing hundreds of billions into AI, but there is a looming question regarding the energy supply needed to sustain this growth [2] - AI data centers, such as those powering large language models, consume energy equivalent to that of small cities, indicating a significant strain on global power grids [2] - The company in focus is positioned to capitalize on the rising demand for electricity, which is becoming the most valuable commodity in the digital age [3][8] Company Profile - The company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend driven by tariffs [5][6] - It possesses critical nuclear energy infrastructure assets and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7][8] - The company is noted for being debt-free and holding a substantial cash reserve, which is nearly one-third of its market capitalization [8][10] Market Position - The company has an equity stake in another prominent AI venture, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9] - It is trading at a low valuation of less than 7 times earnings, making it an attractive investment option in the AI and energy sectors [10][11] - The company is recognized for its ability to deliver real cash flows and hold critical infrastructure, positioning it well for future growth [11][12] Future Outlook - The ongoing influx of talent into the AI sector is expected to drive rapid advancements and innovative ideas, reinforcing the importance of investing in AI [12][13] - The combination of AI infrastructure, energy needs, and the onshoring boom presents a unique investment opportunity that is likely to yield significant returns in the coming years [14][15]

Company Overview - Asp Isotopes (ASPI) is an advanced materials company focused on developing technology for producing enriched isotopes, utilizing a proprietary Aerodynamic Separation Process [2] - The company was incorporated in Delaware in September 2021 and has roots tracing back to the 1980s [2] Financial Performance - In Q3 2025, Asp Isotopes reported total revenues of $4.9 million, significantly up from $1.1 million in the previous year [1] - The company's losses widened to $0.15 per share from $0.12 per share, exceeding the consensus estimate of a loss of $0.10 per share [1] - Net cash used in operating activities increased to nearly $20 million from about $13 million year-over-year, but cash balance improved to $113.9 million from $61.9 million [6] Market Outlook - The nuclear energy sector is projected to grow from approximately $37 billion today to about $51.83 billion by 2035, driven by factors such as AI data center expansion and global government support for reducing fossil fuel emissions [4] - The VanEck Uranium and Nuclear ETF (NLR) has seen a 49% increase year-to-date, indicating strong market interest in nuclear energy [5] Analyst Ratings - Asp Isotopes has been assigned a "Strong Buy" rating with a mean target price of $11, suggesting an upside potential of about 83% from current levels [7] - The overall sentiment in the nuclear energy sector is positive, with analysts expressing confidence in companies like Talen Energy and Ur Energy, which also have strong ratings and growth potential [12][17] Investment Considerations - The nuclear energy theme is gaining traction, with companies like Asp Isotopes positioned as bold bets in a growing sector [18] - Talen Energy, with a diversified energy portfolio, is highlighted as particularly strong among its peers [18]

Core Points - Ur‑Energy Inc. (NYSE:URG) experienced a significant share price decline of 18.63% from November 3 to November 10, 2025, ranking among the energy stocks that lost the most during that week [1] - The company reported disappointing Q3 2025 results on November 3, with earnings per share (EPS) of -$0.07, missing estimates by $0.05, and revenue of $6.32 million, falling short of forecasts by $1.47 million [3] - H.C. Wainwright adjusted its price target for Ur‑Energy from $2.70 to $2.60 while maintaining a 'Buy' rating on the stock [3] - The decline in Ur‑Energy's performance is also attributed to a 5.5% drop in uranium prices between October 31 and November 10 [4] Company Overview - Ur‑Energy Inc. is involved in uranium mining, recovery, and processing, focusing on the acquisition, exploration, development, and operation of uranium mineral properties in the United States [2]

Production and Sales - In Q3 2025, Ur-Energy dried and packaged 93,523 pounds of U₃O₈ and shipped 70,190 pounds to the conversion facility, holding 278,150 pounds of U₃O₈ as of September 30, 2025[4] - The company sold 110,000 pounds of U₃O₈ at an average price of $57.48 per pound, generating revenue of $6.3 million in Q3 2025[8] - Total sales in 2025 are projected at 440,000 pounds of U₃O₈ at an average price of $61.77 per pound, expecting revenues of $27.2 million[9] - U3O8 production for 2025 YTD reached 292,716 pounds, with Q2 production at 128,970 pounds[26] - The average production grade for Q3 2025 was 66 ppm, with year-to-date average production grade at approximately 58 ppm[5] - Cash costs per pound of produced inventory decreased slightly from $43.61 in Q2 2025 to $43.00 in Q3 2025[8] - Cash cost per pound for Q2 2025 is $40.55, a decrease from $43.43 in Q1 2025[26] Financial Position - As of September 30, 2025, Ur-Energy had cash and cash equivalents of $52.0 million, a decrease of approximately $24.1 million from the $76.1 million balance on December 31, 2024[8] - In-process inventory value for Q2 2025 is $509,000, reflecting ongoing production activities[26] - Ending inventory of U3O8 for Q2 2025 is 370,681 pounds, with a total value of $20,897,000[26] Development and Construction - Construction at Shirley Basin is well advanced, with the first header house for Phase 2 in commissioning and uranium production startup anticipated in Q1 2026[8] - The first header house in Shirley Basin has been fabricated, with onsite construction and main pipeline installation continuing[19] - Development and construction activities have commenced at the Shirley Basin facility, Ur-Energy's second in situ recovery uranium facility[27] Exploration and Future Plans - Exploration programs initiated in the Great Divide Basin included the installation of 18 aquifer test wells to enhance understanding of local hydrogeology[20] - The company plans to evaluate the potential to advance the Lost Soldier Project through the FAST-41 permitting process if exploration work is successful[21] - The company anticipates a ramp-up to steady state full production levels at Lost Creek, with ongoing optimization efforts[29] - Ur-Energy is focused on capitalizing on the resurgence of the nuclear industry and advancing exploration programs[29] Strategic Inventory - Non-produced pounds acquired in Q4 2024 are 550,000 pounds, indicating a strategic inventory increase[26] Stock Information - Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under "URE"[27]

Core Insights - Ur-Energy Inc. has filed its Form 10-Q for the quarter ended September 30, 2025, with the U.S. Securities and Exchange Commission and Canadian securities authorities [1] Financial and Operating Results - The ramp-up at Lost Creek continued with 93,523 pounds of U3O8 dried and packaged during the third quarter of 2025 [1]

Production and Sales - Ur-Energy's Lost Creek Project is permitted for annual recovery of up to 1.2 million pounds of U3O8, with processing capacity designed for up to 2.2 million pounds annually[95]. - In Q3 2025, Ur-Energy sold 110,000 pounds of U3O8 at an average price of $57.48 per pound, generating revenue of $6.3 million[107]. - The company anticipates delivering 440,000 pounds of U3O8 in 2025 at an average price of $61.77 per pound, projecting total revenues of $27.2 million[115]. - Ur-Energy has eight multi-year sales agreements, expecting to sell approximately 6.0 million pounds of U3O8 between 2025 and 2033[95]. - The company delivered 165,000 pounds in 2025 Q2 and 110,000 pounds in Q3, with a further delivery of 165,000 pounds expected in Q4[141]. - U3O8 pounds sold in 2025 YTD totaled 275,000, with 395,000 pounds sold in 2024 Q4[139]. - The company has committed deliveries of 400,000 pounds of U3O8 for 2025, with both buyers opting to flex up the annual base delivery quantity by 10%[141]. - Total sales in 2025 are projected at 440,000 pounds of U3O8, with expected revenues of $27.2 million at an average price of $61.77 per pound[184]. Financial Performance - The uranium spot price closed Q3 2025 at $82.63, showing volatility but remaining generally in the $70s or higher throughout the quarter[104]. - Sales for Q3 2025 were $6.32 million, a decrease of $0.08 million (1.2%) from $6.40 million in Q3 2024, while sales for the nine months ended September 30, 2025, increased by $5.71 million (51.7%) to $16.76 million compared to $11.05 million in the same period of 2024[156][158]. - Cost of sales for Q3 2025 was $7.06 million, an increase of $1.45 million (25.8%) from $5.61 million in Q3 2024, and for the nine months ended September 30, 2025, it rose by $8.08 million (80.2%) to $18.16 million compared to $10.08 million in 2024[160]. - Gross profit for Q3 2025 was a loss of $0.74 million, down from a profit of $0.79 million in Q3 2024, and for the nine months ended September 30, 2025, it was a loss of $1.40 million compared to a profit of $0.97 million in 2024[162]. - Net loss for Q3 2025 was $27.46 million, an increase of $19.46 million from a loss of $8.00 million in Q3 2024, and for the nine months ended September 30, 2025, the net loss was $59.32 million compared to a loss of $33.13 million in 2024[171]. - The average price per pound sold for produced U3O8 in 2024 was $51.53, while for non-produced it was $75.87[142]. - In 2024, the average price per pound sold was $58.15, with an average cost of $64.34, resulting in an average loss of $6.19 per pound and a loss margin of approximately 11%[145]. Cost and Pricing - U3O8 price per pound sold in 2025 Q2 was $63.20, while in Q3 it was $57.48, resulting in a year-to-date average price of $60.91[137]. - U3O8 cost per pound sold in 2025 Q2 was $50.89 and in Q3 was $64.21, leading to a year-to-date average cost of $56.22[142]. - The U3O8 cost per pound sold increased to $64.21 in Q3 2025, up by $15.30 from $48.91 in Q3 2024, resulting in a loss of $6.72 per pound sold in Q3 2025 compared to a profit of $12.74 per pound in Q3 2024[162]. - In 2025 Q2, 165,000 produced pounds were sold at an average price of $63.20 and an average cost of $50.89, yielding an average profit of $12.31 per pound and a profit margin of about 20%[146]. - For the first nine months of 2025, the average price per pound sold was $60.91, with an average cost of $56.22, resulting in an average profit of $4.69 per pound and a profit margin of about 8%[146]. Operational Updates - Construction at the Shirley Basin Project is progressing, with nearly 900 cubic yards of concrete poured for the processing building foundation[116]. - The company is advancing exploration programs in the Great Divide Basin, including the Lost Soldier project, to identify additional uranium resources[126]. - Ur-Energy's processing facility at Lost Creek is expected to process captured U3O8 from the Shirley Basin Project, with a satellite plant planned for commissioning in 2026[95]. - The company anticipates initial production flow and commissioning of the first IX columns at Shirley Basin to occur in Q1 2026[192]. - The company has completed recruitment for all positions at Shirley Basin, allowing for thorough safety and task training prior to operations commencement[193]. - Wellfield flow rates at Lost Creek are expected to increase as operational challenges are resolved, supporting higher production rates[194]. Cash Flow and Investments - Cash and cash equivalents decreased from $87.1 million at the end of 2024 to $63.4 million by September 30, 2025, with $24.3 million used for operating activities during the nine months[172]. - The company incurred $14.2 million in investing activities during the nine months ended September 30, 2025, primarily for construction and equipment at Shirley Basin[174]. - Financing activities generated $14.9 million in the nine months ended September 30, 2025, from the sale of 9,980,095 common shares[175]. - As of September 30, 2025, the unrestricted cash position was $52.0 million, with total current liabilities of $9.6 million[183][206]. - As of October 30, 2025, the cash position was $35.4 million, with ongoing construction and operational activities at both mine sites[197]. Management Changes - The company announced the retirement of CEO John W. Cash, effective December 12, 2025, with Matthew D. Gili set to succeed him[132]. - The company expanded its accounting and finance team with the appointment of Jade Walle as Vice President Finance, bringing extensive experience in corporate finance[134].