Ur-Energy Q3 ops update: 30,491 lbs produced, first term delivery of 90,000 lbs for $5.4M

UR-ENERGY INC

Produced 30,491 lbs U3O8 from new header house HH 2-4 in Q3; HH 2-5 now online.
First term contract delivery of 90,000 lbs in Q3 yielded proceeds of $5.4M; second 90,000-lb delivery scheduled for Q4 2023.
2024 sales deliveries projected at 570,000 lbs under two of three previously announced sales agreements.
Advanced negotiations underway for additional sales, including a five-year deal (2026-2030) for 100k-350k lbs/yr with optional three-year extension.
Shirley Basin authorized for long-lead procurement; estimated 24 months to production start after final go decision.

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 September 30, 2023 results: revenue We received proceeds of $5.4 million.

Period: the quarter ended September 30, 2023
Revenue: We received proceeds of $5.4 million
Result: reported results

Exact text from the filing

Uranium and Sales Agreements During the quarter, we made our first delivery into our term contracts, with 90,000 pounds U 3 O 8 delivered to a purchaser. We received proceeds of $5.4 million. A second delivery of 90,000 pounds U 3 O 8 is scheduled to be made in Q4 2023. Currently, our sales deliveries in 2024 are projected at 570,000 pounds U 3 O 8 , as deliveries

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Source: SEC EDGAR

accession 0001654954-23-013167

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