Ur-Energy Q2 operational update: Lost Creek production restart, cash rises to $68M, three sales agreements

UR-ENERGY INC

2023-Q2 EPS reported -$0.03 revenue$6,486,000

Cash and equivalents at June 30, 2023: $68.0M, up from $33.0M at Dec 31, 2022.
Restarted commercial production at Lost Creek in May; Q2 captured 4,392 lbs U3O8 vs 156 lbs in Q1.
Sold 100,000 lbs to U.S. DOE in Q1 at $64.47/lb; expect total 2023 sales of 280,000 lbs for $17.3M at avg $61.89.
Three multi-year sales agreements call for deliveries 2023-2028 with anticipated revenues of ~$220M.
Shirley Basin Project fully permitted; construction ready when market supports off-take contracts.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UR-ENERGY INC reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 7, 2023, Ur-Energy Inc. (the “Company”) issued a press release providing earnings results and an operational update for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001654954-23-010305

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