earnings
confidence high
sentiment positive
materiality 0.75
Ur-Energy posts FY2022 net loss $17.1M; secures multi-year uranium sales contracts, plans production ramp-up
UR-ENERGY INC
- Net loss $17.1M ($0.08/share) vs $22.9M loss in 2021; no U3O8 sales in 2022.
- Entered multi-year sales agreements for 600k lbs annually from 2024; DOE sale of 100k lbs at $64.47/lb in Jan 2023.
- 2023 guidance: 280k lbs sales at avg $61.89 for $17.3M revenue; cash $79.0M as of Mar 1, 2023.
- Lost Creek ramp-up decision: target 600k lbs/yr production; development of second mine unit advancing.
- R&D: new injection well technology achieved 75% drill rig time reduction; patent application filed.