Ur-Energy cuts 2024 production guidance, repays bond loan, approves Shirley Basin satellite

UR-ENERGY INC

2024-Q1 EPS reported -$0.07

2024 production guidance reduced to 550,000–650,000 lbs U3O8 captured; Q1 captured 38,221 lbs.
Prepaid remaining $4.4M state bond loan on March 27; now debt-free; cash $53.9M at March 31.
Shirley Basin satellite facility approved; capital cost ~$24.4M, capacity up to 1.0M lbs/yr, expected 2026.
Two new uranium sales agreements for 2026-2030; sold 75,000 lbs post-quarter for $4.6M.
Lost Creek ramp-up continues; two new header houses coming online in 2024.

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 updated its quarter ended March 31, 2024 guidance (lowered).

Period: quarter ended March 31, 2024
Guidance: lowered
Result: reported results

Exact text from the filing

Meanwhile, ramp-up continues at Lost Creek with additional development and production leading to another shipment of yellowcake being made this month. We continue to overcome ramp-up challenges. Due to those challenges, we are updating and reducing our 2024 production guidance to 550,000 – 650,000 pounds captured.

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