|Ur-Energy Inc. - URE.t operates the Lost Creek in-situ recovery (ISR) uranium facility in south-central Wyoming. |
The Lost Creek processing facility has a two million pounds per year nameplate capacity.
"Ur-Energy Inc. (NYSE MKT:URG TSX:URE,) (“Ur-Energy” or the “Company”) has filed the Company’s Form 10-Q for the quarter ended March 31, 2016, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities on SEDAR at www.sedar.com.
Chairman of the Company, Jeff Klenda noted “Our program of term-priced contracts, which are in place through the end of the decade, is serving us extremely well in the current challenging market environment. Our Board of Directors is to be commended for its foresight and commitment to safeguard the Company and its shareholders with these contracts. Also key in this market, Lost Creek operations continue to be reliable, at industry-leading costs of production.
Lost Creek Uranium Production and Sales
During the three months ended March 31, 2016, 159,331 pounds of U3O8 were captured within the Lost Creek plant. 173,844 pounds were packaged in drums and 182,150 pounds of the drummed inventory were shipped to the conversion facility. We sold 75,000 pounds of U3O8 during the quarter. Inventory, production and sales figures for the Lost Creek Project are presented in the following tables.