Ur-Energy Updates on Lost Soldier and North Hadsell Projects

Ur-Energy Inc., a U.S. uranium producer, reports progress at its Lost Soldier and North Hadsell Projects in Wyoming's Great Divide Basin. The company aims to harness the potential of these projects by gathering hydrogeologic data and identifying new uranium targets. Both sites are near the operational Lost Creek uranium mine, allowing for infrastructure synergies.

At Lost Soldier, eighteen aquifer test wells have been installed to reduce risk and support future development planning. The proximity to Lost Creek could lead to cost-efficient development leveraging existing facilities.

For the North Hadsell Project, initial drilling shows promising results with significant uranium intercepts. Exploration has confirmed multiple roll-front horizons akin to Lost Creek, suggesting potential for future recovery.

CEO Matthew Gili emphasized that these efforts could expand Ur-Energy's resource base and reinforce its development pipeline.