Ur-Energy Inc. has released a presentation highlighting key aspects of its operations and growth trajectory. The company reported that its Lost Creek ISR Uranium Facility has produced approximately 3.0 million pounds of U3O8 through 2024, making it the largest U.S. producer in the first half of 2024. The facility has a remaining mine life of 13 years and has achieved historically low operating costs, with an estimated cost of $16.73 per pound. Additionally, Ur-Energy's Shirley Basin ISR Facility, which is under construction, has a licensed annual mine capacity of 1.0 million pounds and is projected to complete construction by late 2025. The presentation also notes the increasing global demand for uranium, with projections indicating a rise in demand from 171 million pounds in 2023 to 338 million pounds by 2040. You can access the full presentation through the link below.
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