John Cash of Ur-Energy Talks About Higher Uranium Prices and Increasing Production to Meet the Demand
In this InvestorIntel interview, Tracy Weslosky talks to Ur-Energy Inc.‘s (NYSE American: URG | TSX: URE) President, CEO, and Chairman John Cash about an update on the uranium market. With the US utilities now looking at domestic uranium supply, John provides an update on Ur-Energy’s sales contracts for the supply of uranium with new long-term contracts and strong profit margins.
With total sales quantity now under contract at 600,000 pounds U3O8 per year, John discusses ramping up production at its Lost Creek in-situ uranium mine. John also provides an update on advancing Ur-Energy’s fully-licensed Shirley Basin Project to meet the demand as they continue to close additional sales contracts.
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About Ur-Energy Inc.
Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. The Company has produced, packaged, and shipped approximately 2.6 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has all major permits and authorizations to begin construction at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming, and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur‑Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.
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