Ur-Energy reports Q1 operational progress; Lost Creek production ramping, Shirley Basin on track for early 2026 startup

UR-ENERGY INC

Lost Creek dried/packaged 83,066 lbs U3O8 in Q1; wellfield flow up 44% since Mar, now >2,700 gpm; annualized rate >400,000 lbs.
2025 delivery commitment: 440,000 lbs to customers plus 250,000-lb loan repayment (may be deferred).
Shirley Basin construction on target for startup early 2026; completed road upgrade, monitor wells, building refurbishment saved several million.
2025 plans: upgrade substation, install first header house, build satellite plant enclosure, two evaporation ponds.
President Trump's Section 232 probe into uranium imports could positively impact Ur-Energy.

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