Financial PerformanceDuring the quarter, URG sold 75,000lbs of uranium at an average price of $61.65/lb for proceeds of $4.6M, resulting in a strong gross profit margin of about 32%.
Legislative SupportThe U.S. Senate passed a ban on Russian imports to the U.S., aiming to secure the U.S. nuclear fuel supply chain and boost domestic uranium recovery efforts.
Sales AgreementsThe firm has secured six multi-year sales agreements since 2022, while management continues to actively pursue additional contracts.