Production and Sales Performance - In 2024, Ur-Energy captured approximately 265,746 pounds of U3O8, a significant increase from 103,487 pounds in 2023, representing a 156% growth[5] - Ur-Energy's total sales in 2024 reached $33.706 million, a substantial increase from $17.679 million in 2023, marking a growth of 90%[15] - The company plans to deliver 440,000 pounds of U3O8 in 2025, generating approximately $27.1 million in sales proceeds[19] - The cost of sales in 2024 was $42.679 million, compared to $19.365 million in 2023, resulting in a significant increase of 121%[15] - The average price per pound sold in 2024 was $58.15, down from $61.89 in 2023, resulting in an average loss per pound sold of $6.19 in 2024 compared to a profit of $30.90 in 2023[10] Financial Performance - The company reported a gross loss of $8.973 million in 2024, compared to a gross loss of $1.686 million in 2023, indicating a deterioration in financial performance[15] - Ur-Energy's comprehensive loss for 2024 was $52.718 million, compared to a comprehensive loss of $31.203 million in 2023, reflecting a worsening financial situation[15] - As of December 31, 2024, Ur-Energy had cash resources of $76.1 million, up from $59.7 million at the end of 2023, reflecting a 27% increase[6] Project Development and Operations - Construction at the Shirley Basin mine is on schedule, with an anticipated annual mine/mill capacity increase to 2.2 million pounds of U3O8[3] - The company has received all major permits to begin construction at the Shirley Basin facility, with a 'go' decision made for March 2024[28] - Ur-Energy is awaiting remaining regulatory authorization for the expansion of the Lost Creek facility[28] - Ur-Energy has produced and shipped approximately 2.8 million pounds of U3O8 from the Lost Creek facility since operations began[28] Market and Trading Information - The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG" and also trades on the Toronto Stock Exchange under "URE"[28] Risks and Forward-Looking Statements - Ur-Energy's management acknowledges various risks and uncertainties that could impact future performance, including capital costs and commodity price fluctuations[31] - The company emphasizes the importance of obtaining necessary governmental and environmental approvals for project developments[31] - Forward-looking statements made by Ur-Energy are based on current expectations and involve significant business and economic risks[29] - The company has plans to restart exploration programs, although results remain uncertain[29] - Ur-Energy disclaims any obligation to update forward-looking statements based on changes in management's beliefs or circumstances[30]

Production and Sales Performance - The company captured over 3.0 million pounds of U3O8 since operations began at Lost Creek in 2013, with 265,746 pounds captured in 2024, up from 103,487 pounds in 2023 [264][265]. - In Q4 2024, the average production solution head grade was 66.2 mg/L, with approximately 81,771 pounds of U3O8 captured [265]. - The company sold 570,000 pounds of U3O8 in 2024, generating sales proceeds of $33.1 million [276]. - U3O8 sales increased from $17.3 million in 2023 to $33.1 million in 2024, with pounds sold rising from 280,000 to 570,000 [302][306]. - The company delivered 570,000 pounds of U3O8 in 2024 at an average price of $58.15, compared to 280,000 pounds at $61.89 in 2023 [330]. - The company shipped 239,849 pounds in 2024, with the first shipment occurring on February 27, 2024, totaling 35,445 pounds [319]. Financial Performance - Sales for the year ended December 31, 2024, were $33.7 million, a significant increase from $17.7 million in 2023, reflecting a change of $16.0 million [329]. - Cost of sales rose to $42.7 million in 2024 from $19.4 million in 2023, resulting in a gross loss of $9.0 million compared to a gross loss of $1.7 million in the previous year [332][334]. - Net loss for 2024 was $53.2 million, an increase of $22.5 million from the net loss of $30.7 million in 2023 [329]. - The basic and diluted loss per common share was $0.17 in 2024, compared to $0.12 in 2023 [342]. - Cash and cash equivalents increased from $68.2 million at the end of 2023 to $87.1 million by December 31, 2024 [344]. - Financing activities generated $99.9 million in 2024, including $65.2 million from an equity financing and $27.8 million from the sale of common shares [347]. Production Costs and Pricing - The average U3O8 price per pound sold decreased from $61.89 in 2023 to $58.15 in 2024, influenced by lower contract prices for some deliveries [306][307]. - U3O8 production costs rose significantly from $30.99 per pound in 2023 to $64.34 per pound in 2024, reflecting increased operational costs [310]. - The cost per pound for produced U3O8 increased from $28.04 in 2023 to $51.53 in 2024, reflecting rising operational costs [318]. Operational Developments - The company anticipates bringing several header houses online in 2025, advancing toward full plant capacity production at Lost Creek [266]. - The company initiated the buildout of the Shirley Basin in situ recovery facility in early 2024, completing the installation of 125 monitor wells [284][285]. - The company plans to begin drilling and wellfield development in Q2 2025, with six drill rigs anticipated on site [291]. - Construction at the Shirley Basin site is expected to be completed by late 2025, with pre-operation inspections to follow [289]. - The company has begun hiring management and construction staff for the Shirley Basin project, with additional hires planned throughout the year [292]. Regulatory and Market Developments - The company has secured seven multi-year sales agreements with global nuclear purchasers, projecting sales of 440,000 pounds of U3O8 in 2025 [283]. - The U.S. Department of Energy awarded contracts worth up to $2.7 billion for enrichment services to develop HALEU for small modular nuclear reactors over the next ten years [259]. - The company expects to receive regulatory approvals for the LC East and KM horizon amendment during H1 2025, which will increase the license limit for annual plant production to 2.2 million pounds of U3O8 [273][274]. Inventory and Adjustments - The company ended 2024 with 39,169 pounds in-process, 33,919 pounds drummed, and 262,239 pounds at the conversion facility, including 250,000 purchased pounds [322]. - The total NRV adjustments in 2024 amounted to $6.0 million, down from $10.7 million in 2023, indicating improved inventory valuation [322]. - The company purchased and borrowed 550,000 non-produced pounds at an average cost of $75.87 per pound to meet delivery requirements for 2024 [326]. Capital and Investment Activities - The company closed a public offering of 57,150,000 common shares at $1.05 per share, raising approximately $69.0 million in gross proceeds, with net proceeds of about $65.2 million after fees [294]. - The company incurred $9.0 million in investing activities, primarily for operating equipment at Lost Creek and construction at Shirley Basin [346]. - Anticipated capital expenditures at Shirley Basin are approximately $38.2 million, funded by operating cash flow and cash on hand [360].

LITTLETON, CO, March 31, 2025 /PRNewswire/ - Ur-Energy Inc. (NYSE American: URG) (TSX: URE) ("Ur-Energy" or the "Company") announces there is a delay in the filing of its annual financial statements for the year ended December 31, 2024 and related management's discussion and analysis (collectively, the "Financial Statements") and the annual information form and Annual Report on Form 10-K, and the CEO and CFO certificates relating to the Financial Statements (the "Required Filings") beyond the prescribed fil ...

Production Operations - Ur-Energy Inc. provided an operational update on February 10, 2025, focusing on Lost Creek production operations and Shirley Basin construction[3] - The company is actively engaged in increasing production capacity at Lost Creek, with specific metrics to be detailed in the upcoming financial reports[3] Construction Progress - Shirley Basin construction is progressing, with updates expected to reflect timelines and budget adherence in future communications[3]

Production and Sales - In Q3 2024, Ur-Energy captured 75,075 pounds, dried and packaged 71,804 pounds, and shipped 67,488 pounds of U3O8, showing an increase in production compared to earlier quarters[5] - The company anticipates 2024 production to be between 240,000 and 280,000 pounds of U3O8, with expectations to meet contractual commitments through Lost Creek production and other sources[7][18] - Ur-Energy sold 100,000 pounds of U3O8 in Q3 2024 at an average price of $61.65 per pound, generating proceeds of $6.2 million, and projects total sales of 570,000 pounds for 2024 with expected revenues of $33.1 million[8][13] - The company has commitments for approximately 5.7 million pounds U3O8 with deliveries scheduled from 2024 through 2030, with anticipated profitable sales prices[20] Financial Performance - As of September 30, 2024, Ur-Energy had cash resources of $129.4 million, an increase of $61.2 million from the previous balance at the end of 2023[9] - Ur-Energy's production costs per pound sold for U3O8 were $45.82 for produced pounds in Q3 2024, with a profit margin of 20.7%[11][12] - The average term pricing for uranium reached approximately $81 per pound U3O8 during the quarter, supported by ongoing requests for proposals from utilities and global fuel buyers[19][20] Project Development - The company is progressing with the construction of the Shirley Basin Project, which will nearly double annual permitted mine production to 2.2 million pounds U3O8, with initial production expected in early 2026[21][22] - Development and construction priorities at Shirley Basin are being advanced, including recruitment and retention of employees[25] - The company is working towards completing the build-out of Shirley Basin as currently projected and budgeted[25] Operational Challenges - The company continues to face challenges in ramping up production at Lost Creek but is actively increasing its drill rig count to approximately 20 rigs to facilitate production growth[16][17] - The company is focused on maintaining safe and compliant operations at Lost Creek and overcoming production challenges to increase production levels[25] - There are ongoing efforts to address supply chain challenges for equipment and supplies at both Lost Creek and Shirley Basin[25] Market Outlook - Market fundamentals are expected to remain strong, although supply-demand imbalances may take years to correct[25] - The company is exploring additional favorable uranium sales agreements to enhance revenue[25]

Ur Energy (URG) came out with a quarterly loss of $0.02 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this uranium mining company would post a loss of $0.03 per share when it actually produced a loss of $0.03, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Ur Energy, which belongs to the Zacks ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD OF _________ TO _________. Commission File Number: 001-33905 UR-ENERGY INC. | --- | --- | --- | |---------------------------------------------------|------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 18, 2024 UR-ENERGY INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------- ...

Financial Data and Key Metrics Changes - In Q2 2024, the company produced 64,170 pounds of uranium, a 64% increase from 39,229 pounds in Q1 2024 [4] - The cost per pound at the conversion facility increased from $39 at the end of Q1 to $48 at the end of Q2 2024 [4][5] - Cash at the end of the first half of 2024 was $61.3 million, up $1.6 million from December 2023 [6] - The total cash cost per pound drummed decreased from $69 in Q1 to $48 in Q2, bringing the year-to-date average down to $56 per pound [6][7] Business Line Data and Key Metrics Changes - The company delivered two shipments totaling 70,390 pounds in Q2, compared to one shipment of 35,445 pounds in Q1 [4] - Sales are projected to be 570,000 pounds in 2024, with revenues expected to reach $33.1 million at an average price of $58 per pound [8] Market Data and Key Metrics Changes - As of August 6, the company had $121.3 million in cash with no debt [18] - The uranium market is experiencing volatility, influenced by announcements from major producers like Kazatomprom, which expects a 17% decline in production in 2025 [18][27] Company Strategy and Development Direction - The company plans to ramp up operations at Lost Creek and develop the Shirley Basin mine, with construction expected to be completed by late 2025 [10][15] - The company is focusing on M&A opportunities that are accretive and will enhance its portfolio, emphasizing quality projects over quantity [16][17] - Exploration efforts are being considered for other projects in the Great Divide Basin, including Lost Soldier and North Hadsell [17][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the uranium market's long-term strength, citing increasing demand for nuclear energy and the potential for significant growth in small modular reactors (SMRs) [21][22] - The company is not currently facing supply chain issues that would delay the construction schedule for Shirley Basin [36] - Management noted that the current market conditions and the company's operational improvements position it well for the second half of 2024 [23] Other Important Information - The company completed a public offering that grossed approximately $69 million, which will fund operations and potential acquisitions [15] - The company is actively responding to RFPs from utilities while seeking to diversify its contract book [33] Q&A Session Summary Question: Production ramp-up to meet guidance - Management indicated that the wellfield is performing well, with exceptional head grades and improved spacing between drilling and construction crews, facilitating better flow rates [25] Question: Acquisition opportunities - Management stated they cannot comment on specific M&A opportunities but will report when there is something definitive [26] Question: Need for additional public offerings - Management believes current cash is sufficient for future operations, with additional funding only needed for accretive acquisitions [26] Question: Market volatility and share price - Management attributed share price volatility to various factors, including announcements from major producers and seasonal trading patterns in the uranium market [27] Question: Growth strategy - Management emphasized a focus on M&A, exploration, and leveraging existing projects for growth [29] Question: Supply chain issues - Management reported overcoming most supply chain challenges, particularly at Lost Creek, while remaining vigilant about future needs [30] Question: Hiring challenges at Shirley Basin - Management expressed optimism about hiring at Shirley Basin due to its proximity to Casper and the existing workforce familiarity with the site [32] Question: RFP responses from utilities - Management confirmed that utilities are still issuing RFPs, and the company is selectively responding based on contract diversity [33] Question: Rig count adequacy for Shirley Basin - Management indicated that while they are close to having enough rigs for both projects, additional rigs will not be needed until later in the year [34] Question: Fuel production for SMRs - Management noted increasing demand for fuel for SMRs and the potential for Urenco to ramp up HALEU production [40] Question: Company valuation - Management acknowledged that the market may undervalue the company's assets compared to peers, emphasizing the importance of producible pounds [41]

Ur Energy (URG) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this uranium mining company would post a loss of $0.03 per share when it actually produced a loss of $0.07, delivering a surprise of -133.33%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Ur Energy, which belongs ...