Ur-Energy(US:URG)2025-11-04 22:06Production 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]