Ur-Energy(US:URG)2022-01-21 15:38Company Overview - Ur-Energy's Lost Creek ISR uranium facility has produced approximately 2.7 million pounds of U3O8 through Q3 2021[9] - The company has substantial inventory and has seen spot market pricing increase[11] - Shirley Basin ISR Facility effectively doubles the company's licensed production capacity[9] Market Dynamics - Nuclear energy accounts for approximately 20% of the United States' electricity and over 50% of its carbon-free electricity[13] - Globally, nuclear energy accounts for 11% of electrical energy and about 1/3 of carbon-free electricity[13] - Global U3O8 demand is projected to increase by 3.1% annually through 2025[13] - The U S government has allocated $75 million for a U S Uranium Reserve in FY2022[9, 50] Production and Resources - Lost Creek has demonstrated approximately 90% recovery of under pattern resources[21] - Shirley Basin has a measured and indicated resource of 8.816 million pounds[30] - The company estimates uranium production costs at Shirley Basin to be $14.54 per pound[29] Financial Position - As of October 27, 2021, Ur-Energy had cash resources of $40.9 million[47, 54] - Ur-Energy has approximately 285,000 pounds of ready-for-sale U3O8 product in inventory at the converter[47, 54] - The company estimates $15.4 million for mine development and CapEx to reach an initial ~1 million pound run rate at Lost Creek[40]