Ur-Energy Updates on Uranium Production and Expansion Projects

Ur-Energy Inc., a leading US uranium producer, reported significant developments in its production and construction projects. The company's Lost Creek project has been recognized as the largest uranium producer in the US, producing over 3 million pounds of U3O8 by Q3 2024. With additional production expected as the Shirley Basin project comes online in 2026, Ur-Energy aims to increase its licensed production capacity by 83%.

The company also plans to expand its exploration efforts in Wyoming's Great Divide Basin throughout 2025. The exploration programs aim to enhance its uranium mineral resources, with drilling efforts utilizing the current fleet of drill rigs. At Shirley Basin, infrastructure developments remain on schedule, with production wells and monitor wells making progress.

Ur-Energy aligns its strategic operations with recent US executive orders emphasizing domestic energy production. With strong backing for nuclear energy seen as essential, Ur-Energy remains committed to responsible resource development along with ensuring energy security.