Ur-Energy Announces First Shipment of Uranium from Shirley Basin Mine, Wyoming
Ur-Energy’s first Shirley Basin shipment confirms expected multi-asset ramp with no new financials disclosed.
Ur-Energy Inc. (URE) completed the first shipment of uranium from its Shirley Basin mine to the Lost Creek processing plant on August 19, 2026. The company describes this milestone as the start of full operations and marks its transition to a multi-asset domestic U.S. uranium producer. Initial mining at Shirley Basin began in April 2026, and the company received final Wyoming Department of Environmental Quality full-operations authorization in late June 2026.
Shirley Basin holds a licensed wellfield and toll-processing capacity of up to 2.0M lbs U3O8 equivalent, bringing the combined permitted capacity with Lost Creek to 4.2M lbs. The release provides no shipment tonnage, grade, cost, revenue, or updated production and financial guidance. This announcement serves as an operations update rather than an earnings results release.
Ur-Energy Inc. (URE) received full operational authorization on June 29, 2026, with the first shipment pre-announced as "imminent" on August 10, 2026. The release does not include production quantities, grades, costs, revenue, capital expenditure, or balance-sheet data, and does not independently change net asset value, cash flow, or earnings estimates. The market reaction is expected to be limited as the event was already telegraphed and partially reflected prior to today.
Ur-Energy Inc. (NYSE American: URG; TSX: URE) describes itself as the largest and fastest-growing in-situ recovery (ISR) uranium producer in the United States, with operations located in Wyoming. The company’s central processing hub is the Lost Creek facility, which has produced more than 3.5 million pounds of U3O8 since operations began in 2013.
The Shirley Basin serves as the second ISR satellite operation. Initial recovery at Shirley Basin began in April 2026, with the first shipment to Lost Creek occurring on August 19, 2026. The combined annual licensed wellfield and toll-processing capacity stands at 4.2 million pounds of U3O8. Additional exploration and development projects include Lost Soldier, North Hadsell, and LC South in the Great Divide Basin.