Ur-Energy Reports on 2025 Q1 Production and Construction Progress

Ur-Energy Inc. has provided updates for the first quarter of 2025 on its Lost Creek and Shirley Basin projects. Lost Creek achieved the drying and packaging of 83,066 pounds and shipment of 106,301 pounds of U3O8. The flow rate has increased by 44%, maintaining a positive production trend, with an average output of over 400,000 pounds annually. Safety improvements were noted, with no incidents reported in 2025.

Shirley Basin construction remains on schedule, with mine startup targeted for early 2026. Significant progress includes road upgrades, installation of monitor wells, and refurbishment efforts saving millions. Staffing and training are ongoing, with plans to expand operational personnel over the summer.

The company highlighted the potential impacts of a national security investigation launched by President Trump into critical mineral imports, which could affect Ur-Energy's operations positively. The inspection and regulatory approval processes for Shirley Basin are underway to ensure operational readiness.