Ur-Energy Reports Q3 2024 Financial Results Highlighting Steady Growth in Uranium Production

Ur-Energy Inc. has released its financial results for Q3 2024, reporting steady growth in uranium operations. The Company faced some challenges but highlighted a gradual increase in production at its Lost Creek facility. While production ramp-up progressed slower than expected, development at Shirley Basin continues, aiming to boost overall capacity to 2.2 million pounds annually by early 2026.

In Q3 2024, Ur-Energy captured 75,075 pounds and shipped 67,488 pounds of U3O8, alongside sales of 100,000 pounds yielding $6.2 million in revenues. Anticipated total sales stand at 570,000 pounds for 2024, with projected revenues of $33.1 million.

Financially, cash resources grew significantly, closing at $129.4 million as of September 30, 2024, despite expenditure on operations and investments during the period.