Ur-Energy Reports Year-End 2025 Results and Announces Conference Call and Webcast

Core Insights - Ur-Energy reported significant operational improvements and financial results for the year ended December 31, 2025, highlighting increased uranium production and resource expansion [1][2][3] Production and Operations - The company increased U3O8 production by 161,231 pounds, or 65%, totaling 410,440 pounds in 2025 compared to 249,209 pounds in 2024 [1][2] - Lost Creek operations saw a 40% increase in U3O8 captured, totaling 105,147 pounds more than in 2024, with improved flow rates by 890 gallons per minute, or 69% [1][2] - The average price per produced pound of U3O8 sold was $63.20, with cash costs per produced pound sold at $42.89 [1][2] Financial Performance - As of December 31, 2025, cash and cash equivalents rose to $123.9 million, an increase of approximately $47.8 million from $76.1 million in 2024 [1][2] - The company closed a $120 million offering of 4.75% Convertible Senior Notes due 2031 in December 2025, with an additional $20 million exercised by initial purchasers [1][2] - Net loss for 2025 was $74.9 million, compared to a loss of $53.2 million in 2024, reflecting increased operational costs [2][3] Resource Development - The combined estimated mineral resources for Lost Creek and Shirley Basin are 21.0 million pounds in the Measured and Indicated categories and 10.4 million pounds in the Inferred category as of December 31, 2025 [1][2] - The estimated mine life at Lost Creek has been extended by nearly three years, indicating potential for additional cash flow and long-term growth [1][3] Workforce and Expansion - The total number of full-time employees increased to 157 at year-end 2025, a 55% increase from 101 in 2024, to support production growth [1][2] - Significant progress was made at the Shirley Basin project, with all ion exchange columns installed and pilot drilling of 469 wells completed [1][3] Exploration Initiatives - The Lost Soldier Project advanced with the installation of aquifer test wells, with hydrogeologic testing planned for March 2026 [1][3] - Drilling at the North Hadsell Project has shown significant mineralization, with 13 intercepts exceeding 0.20 grade-thickness, indicating potential for ISR development [1][3]