Ur-Energy Reports 2024 Year-End Financials and Operations

Ur-Energy Inc. has released its annual report for the year ending December 31, 2024. Despite geopolitical volatility affecting the uranium market, strategic long-term contracts have mitigated financial impact. In 2024, Lost Creek ramped up production with significant contributions to U3O8 output. The company aims to enhance its mine/mill capacity to 2.2 million pounds of U3O8 annually by advancing its Lost Creek and Shirley Basin projects.

Financially, Ur-Energy ended 2024 with $76.1 million in cash, up from $59.7 million in 2023. Total U3O8 sales reached 570,000 pounds. The production profit was $2,732,000, while non-production elements incurred a loss. The company sees no immediate tariff impacts on product deliveries, keeping most shipments within the U.S. market.