UR-Energy Inc (TSE:URE) has released an update.
Ur-Energy Inc. has reported positive developments in their Q1 2024 results, including a ramp-up in production and the signing of new sales agreements, in light of a U.S. Senate-backed Russian Uranium Ban expected to benefit domestic producers like Ur-Energy. The company is advancing production at its Lost Creek and Shirley Basin operations, and has secured six sales agreements promising robust future deliveries. Financially, the company ended the quarter with $53.9 million in cash, after executing sales and operational activities.
For further insights into TSE:URE stock, check out TipRanks’ Stock Analysis page.
