Ur-Energy Files Updated S-K 1300 Reports for Key Uranium Properties

Ur-Energy Inc., based in Littleton, CO, has announced the filing of updated S-K 1300 Technical Report Summaries for its Lost Creek Property and Shirley Basin Project on March 6, 2024. These reports, key in showcasing the potential viability and economic prospects of the projects, have been filed with the U.S. Securities and Exchange Commission.

The reports highlight the progress and potential of both projects. The Lost Creek Property, now back in production, shows promising future prospects with an estimated 11.7 million pounds of uranium production from 2024 to 2036. The report also outlines the economic benefits, projecting a net cash flow of $424.4 million before taxes over the life of the mine.

The Shirley Basin Project, identified as likely Ur-Energy's second operating project, reinforces the company's portfolio with a mineral resource estimate of 8.8 million pounds. The economic analysis projects a total life of mine production of 6.0 million pounds over approximately nine years, aiming for substantial returns with a pre-tax net present value of $120.4 million.

Despite the optimistic projections, caution is advised as inferred resources in these reports present a speculative variable. The reports underline the speculative nature of inferred resources and their exclusion from the economic analyses fulfilling regulatory S-K 1300 requirements. These filings underscore Ur-Energy’s strategic position in the uranium mining sector and its preparedness to meet America's clean energy needs.