Earnings
Ur-Energy Reports Q1 2026 Results and Announces Conference Call and Webcast
Ur-Energy Confirms Shirley Basin Operations and Cost Efficiency Gains in Q1 2026

Executive Summary
Operational Performance
- Lost Creek production increased 41% quarter-over-quarter (QoQ) to 110,314 lbs U3O8 captured.
- Production is up 48% year-over-year (YoY) compared to Q1 2025.
- Dried and packaged volume reached 95,599 lbs; shipped 103,956 lbs.
- Inventory at the conversion facility ended the quarter at 417,231 lbs, up 14% from Q4 2025.
Material Impact
Execution Validation
- The commencement of Shirley Basin operations was announced on April 23, 2026; this Q1 earnings release confirms the operational milestone and financial integration.
- While positive, the news is largely a confirmation of previously announced strategic milestones rather than a surprise development.
- The reduction in cash costs to $37.51/lb represents a material improvement over the FY2025 average of $42.89/lb, enhancing margin potential significantly given current sales prices near $71/lb.
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Company Overview
Corporate Profile
- Ur-Energy is a U.S.-based uranium producer focused on In Situ Recovery (ISR) mining in Wyoming.
- Flagship Project: Lost Creek ISR Mine (Sweetwater County, Wyoming).
- Secondary Project: Shirley Basin ISR Mine (Sweetwater County, Wyoming), now operational as of April 2026.
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Jun 29, 2026 · 07:00