Ur-Energy Announces 120-Hole Drill Program to Unlock Growth Potential at Lost Creek South, Wyoming
Ur-Energy advances its Lost Creek South drill program to expand the growth pipeline.
Ur-Energy Inc. (URE) has launched a 120-hole exploration drill program at its Lost Creek South project in Wyoming. The initiative targets approximately 84,000 feet of drilling across a 7-mile composite trend, utilizing up to three rigs simultaneously. Drilling depths will range from 500 to 800 feet, occasionally reaching 1,000 feet, with a focus on near-mine expansion and regional exploration targets.
The project sits on a 55-square-mile land package, with Lost Creek South covering 16 square miles immediately adjacent to the producing mine. Management cites 520 historic drill holes as the foundation for targeting, framing the program as the "starting pistol" for resource expansion. The update is part of a broader multi-asset strategy that includes preparing a technical report for Lost Soldier and planning follow-up drilling at North Hadsell.
Ur-Energy Inc. (URE) released an expected exploration update that aligns with prior management guidance. The announcement does not introduce new financial data, contract signings, or operational milestones.
The stock has declined approximately 35% from its June 2026 peak, a move that has priced in execution risk, cash burn, and uranium price volatility. The company reports no material impact on near-term cash flows or production trajectory.
Ur-Energy Inc. (URE) is a 100% U.S.-based uranium producer operating in Wyoming's Wind River and Great Divide basins. Its flagship asset is the Lost Creek ISR mine and processing hub, which has been in production since 2013. The company also operates the Shirley Basin ISR mine as a satellite operation that is currently ramping up.
The company employs a hub-and-spoke model that leverages existing infrastructure at Lost Creek to process ore from Shirley Basin, improving capital efficiency. Ur-Energy’s growth pipeline includes the advanced exploration and development project Lost Soldier, the near-mine expansion Lost Creek South, and the wildcat exploration project North Hadsell. The company operates in Wyoming, USA, a jurisdiction with a pro-mining regulatory environment and ISR-friendly policies.