Low-Cost Operating Uranium Mining Company
Ur-Energy owns and operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming which has produced ~2.8 million pounds of U3O8. In 2021, Lost Creek received an amendment to its license allowing expansion of mining activities within the existing Lost Creek Project and the adjacent LC East Project. The license now allows annual plant production up to 2.2 million pounds U3O>8, which includes wellfield production of up to 1.2 million pounds U3O8 and toll processing of up to one million pounds U3O8. Additional approvals for this expansion are awaited and expected to be received in 2025. Our second uranium in‑situ recovery facility, Shirley Basin Project, has received all major authorizations. A “go” decision was made in 2024 to begin development and construction at Shirley Basin, with build out of the plant scheduled to occur in 2025.