Ur-Energy Inc. has provided an update on its uranium production activities and development pipeline. The company is advancing the start-up of its second in situ recovery (ISR) mine at Shirley Basin in early 2026, which will be the fifth ISR mine in the United States. Ur-Energy has secured uranium sales contracts totaling 1.3 million pounds for 2026 and recently completed $120 million in convertible financing. The Lost Creek ISR Facility in Wyoming remains a key operating site, with over 3 million pounds of U3O8 produced since 2013. It has a remaining mine life of 13 years, an annual mine capacity of 1.2 million pounds, and a plant capacity of 2.2 million pounds. The facility will also process loaded resin from Shirley Basin into yellowcake. At Shirley Basin, construction is well advanced, with a licensed annual mine capacity of 1 million pounds, effectively doubling the company’s production capacity. Ur-Energy continues to focus on optimizing throughput and production across its operations and holds a strong land position with multiple exploration properties. The company highlights ongoing growth in uranium demand, driven by nuclear power generation needs, and notes a widening gap between global uranium production and reactor requirements. You can access the full presentation through the link below.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ur-Energy Inc. published the original content used to generate this news brief on January 08, 2026, and is solely responsible for the information contained therein.