Ur-Energy Inc. has released its financial results for the first quarter of 2025. The company reported cash resources of $86.0 million as of March 31, 2025, reflecting a decrease of $1.1 million from $87.1 million as of December 31, 2024. During this period, Ur-Energy generated $2.8 million from operating activities and used $3.8 million on investing activities, with less than $0.1 million allocated to financing activities. In the first quarter of 2025, Ur-Energy did not produce or sell any pounds of U3O8, following the sale of 395,000 pounds in the previous quarter. The average price for produced U3O8 in the last quarter of 2024 was $61.65 per pound, while non-produced U3O8 sold for $55.00 per pound. In a significant update, Ur-Energy announced that it has received final approval for the Lost Creek Expansion, which will allow for mining in the LC East and KM Amendment areas. The company has also secured multi-year sales agreements with leading nuclear companies, with commitments for annual delivery of between 440,000 and 1,300,000 pounds of U3O8 from 2025 through 2030. Additionally, deliveries of 100,000 pounds are planned for 2032 and 2033. The sales prices under these agreements are expected to be profitable, with an all-in production cost basis that escalates annually. As of May 2, 2025, Ur-Energy reported a cash position of $66.0 million.
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