Ur-Energy Posts Strong Q1 2026 Results and Foresees Growth

Ur-Energy Inc. reported substantial increases in its Q1 2026 uranium production, capturing 110,314 pounds of U₃O₈, a marked rise compared to previous quarters. The uptick follows plant enhancements which boosted flow rates. The company achieved $3.9 million in revenue from selling 55,000 pounds, with a price rise to $70.98 per pound, courtesy of improved contract terms.

Operational advancements were notable at Lost Creek, including an increase in finished inventory and reductions in production costs to $37.51 per pound. The launch of Shirley Basin's operations in April 2026 further expanded Ur-Energy's capacity.

Exploration continued in the Great Divide Basin, with progress at North Hadsell and plans at LC South, indicating Ur-Energy’s focus on growth and production enhancement.