Ur-Energy Q1: first U3O8 sale in 3 years; cash $77.3M

UR-ENERGY INC

2023-Q1 EPS reported $0.00 revenue$6,447,000

Delivered 100,000 lbs U3O8 to DOE at $64.47/lb for $6.4M revenue; first sale since 2020.
Cash resources $77.3M (Dec 31, 2022: $33.0M), boosted by Feb 2023 $43.2M public offering net proceeds.
Q1 production remained minimal (156 lbs captured); Lost Creek HH 2-4 ramp-up targeted in Q2 2023.
2023 guidance: sell 280,000 lbs for $17.3M avg $61.89/lb; multi-year contracts base 600k lbs/yr 2024-2028.
Cash position on Apr 26, 2023 was $73.0M; management cites improved market and potential Shirley Basin development.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UR-ENERGY INC reported the quarter ended March 31, 2023 results: revenue $6.4 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $6.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The uranium sale was the first of three deliveries to be made in 2023. In 2023 Q1, we delivered 100,000 pounds of U 3 O 8 at a sales price of $64.47 per pound for proceeds of $6.4 million to the U.S. Department of Energy (“DOE”) national uranium reserve. In addition to the DOE sale, we have two multi-year sales agreements which call for deliveries beginning in

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

UR-ENERGY INC filing history →

Source: SEC EDGAR

accession 0001654954-23-005652

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.