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ACCESS Newswire·

Ur-Energy Reports Third Quarter 2026 Results

  • Ur-Energy reported a 67.3% year-over-year increase in pounds sold & a 26.4% increase in captured pounds for the first three quarters of 2026.
  • Third-quarter 2026 sales totaled 190,000 pounds of U₃O₈ for $12.3 million in revenue, with an average sales price of $64.95 per pound.
  • Cash costs per produced pound sold remained low at $40.40 during the third quarter, comparable to the $40.20 recorded in the second quarter.
  • Finished inventory at the conversion facility ended the quarter at 233,378 pounds, a 13.2% decrease from the previous quarter, while in-process & plant inventory rose to 85,708 pounds.
  • Pounds drummed decreased 25.8% in the third quarter due to upgrades at Lost Creek & ramp-up activities at the new Shirley Basin mine, yet grew 18% year-over-year for the first three quarters.
  • Ur-Energy initiated a 120-hole exploration program at Lost Creek South in October 2026 to test for near-mine expansion & regional targets.
  • A technical report for the Lost Soldier satellite mine is expected by year-end 2026 to support potential permitting & construction decisions.
  • Full operations commenced at the Shirley Basin mine in August 2026, with the first shipments made to the Lost Creek processing hub.
  • Lost Creek operations brought a sand filtration system online to increase flow rates while a permanent wastewater treatment facility is under construction for Q2 2027.
  • The company deferred delivery of 600,000 pounds of U₃O₈ between 2027 & 2029 & extended its inventory loan maturity to November 2027.
  • Ur-Energy projects total 2026 sales of 700,000 pounds at an average price of approximately $67.00 per pound for roughly $46.9 million in revenue.
  • Management will host a conference call on November 10, 2026, to discuss these financial & operating results.
Company
Ur-Energy Inc.
Keywords
Oil, Gas & Energy, Earnings