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An announcement from UR-Energy ( (TSE:URE) ) is now available.
Ur-Energy, a leading US uranium producer, announced updates on its uranium production and construction projects. The company’s Lost Creek project has been identified as the largest uranium producer in the US for several consecutive quarters, with a total production exceeding 3 million pounds by Q3 2024. Additionally, the ongoing construction at the Shirley Basin is set to increase the company’s licensed production capacity by 83% once operational in early 2026. These developments underscore Ur-Energy’s strengthened position in the uranium market, reflecting a broader acceptance of nuclear energy in the US, partly bolstered by supportive actions from the Trump administration.
More about UR-Energy
Ur-Energy is a prominent player in the uranium industry, focusing on the production and exploration of uranium resources in the United States. Their primary operations include the Lost Creek ISR uranium project and the under-construction Shirley Basin ISR project, both of which contribute to their strategic positioning as a leading US uranium producer.
YTD Price Performance: -20.63%
Average Trading Volume: 3,903,181
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $367.9M
For a thorough assessment of URE stock, go to TipRanks’ Stock Analysis page.
