Ur-Energy completes Phase 1 well tech tests; 75% less rig time, $2.50-$3.50/lb savings

UR-ENERGY INC

Phase 1 field tests at Lost Creek show 75% reduction in drill rig time and 85% reduction in casing cost per injection well.
Estimated cost savings of $2.50-$3.50 per pound of U3O8, up to 49% savings per injection well.
Injection wells are ~65% of wells in traditional five-spot patterns; company to test seven-spot geometry for higher recovery.
Next steps: Phase 2 testing, hydrologic modeling, and final permitting from Wyoming DEQ LQD.
Company plans to license patent to other in-situ recovery industries (copper, lithium, soda ash, potash).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.