Ur-Energy Announces Q3 2025 Results; Construction Advances at Shirley Basin and Exploration Underway in the Great Divide Basin

The November 3, 2025, press release reports Ur-Energy's Q3 2025 financial and operating results. Key highlights include: * Production: 93,253 pounds of U3O8 were produced at Lost Creek. * Sales: 110,000 pounds of U3O8 were sold at an average price of $57.48 per pound, generating $6.3 million in revenue. * Costs: Cash costs were reported at $43.00 per pound. * Cash Position: The company ended the quarter with $52 million in cash and cash equivalents. * Guidance: Full-year 2025 sales guidance of 440,000 pounds was reaffirmed, implying a Q4 delivery of 165,000 pounds. * Operations: Construction at the Shirley Basin project is advancing, and exploration has commenced at the Lost Soldier Project in the Great Divide Basin.

The Q3 results are a mixed bag, leading to a routine but slightly negative assessment.

Ur-Energy is an American uranium mining company focused on in-situ recovery (ISR) operations in Wyoming. * Lost Creek Project: This is the company's flagship producing asset. It has been in operation since 2013 and is currently in a production ramp-up phase. The historical news flow shows this ramp-up has been slower and more volatile than initially guided. The company recently received final approvals for an expansion into the LC East and KM areas, extending the mine's life. * Shirley Basin Project: This is the company's second key project. It is fully permitted and currently under construction, with initial production targeted for early 2026. Once operational, it is expected to nearly double the company's total licensed production capacity to 2.2 million pounds per year.