secwatch.observer — SEC 8-K summary
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Issuer:     UR-ENERGY INC (URG)
CIK:        0001375205
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001654954-22-016131
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375205/000165495422016131/0001654954-22-016131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375205/000165495422016131/urg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-016131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer