earnings
confidence high
sentiment neutral
materiality 0.55
Ur-Energy Q3 cash $39.9M, 324k lbs U3O8 inventory; Hatten promoted to COO
UR-ENERGY INC
2022-Q3 EPS reported
-$0.06
revenue$19,000
- Cash and equivalents $39.9M as of Sep 30, 2022; nearly 324k lbs finished U3O8 inventory at conversion facility.
- New multi-year sales agreement with U.S. nuclear utility: 200,000 lbs/yr base over 6 years starting H2 2023.
- Lost Creek advance development in MU2 continues; can ramp to full production (~1.2M lbs/yr) in ~6 months after go decision.
- Steve Hatten promoted from VP Operations to Chief Operating Officer; effective immediately.
- Awaiting DOE NNSA Uranium Reserve contract awards; construction began on new Casper HQ building.