Ur-Energy (AMEX:URG) - A Proven Low-Cost Producer Positioned for Uranium Bull Market

Interview with John Cash, CEO of Ur-Energy Inc.
Our previous interview: www.cruxinvestor.com/posts/ur...
Recording date: 4th March 2024
Ur-Energy (AMEX:URG), a Wyoming-focused in-situ recovery (ISR) uranium producer, presents a compelling opportunity for investors looking to capitalize on the improving uranium market fundamentals. The company has been producing from its flagship Lost Creek mine since 2013, demonstrating its technical capabilities and low-cost structure. With Lost Creek production ramping up and the fully permitted Shirley Basin project waiting in the wings, Ur-Energy offers visible production growth potential in a rising uranium price environment.
A key differentiator for Ur-Energy is its status as a proven producer. Lost Creek has operated continuously for over a decade, showcasing the company's ISR expertise. The mine is licensed for 1.2 million pounds per year, while the processing plant is permitted for 2.2 million pounds per year. This excess capacity provides important flexibility, allowing Ur-Energy to process uranium from its other projects or even toll process material for other producers in the area.
Beyond Lost Creek, Ur-Energy is advancing Shirley Basin as its next production source. Shirley Basin is fully permitted and ready for construction, with the company waiting to layer in additional sales contracts before proceeding with development. This disciplined approach ensures Ur-Energy will have a clear economic case for the project before committing the capital.
Underpinning the Ur-Energy story is a uranium market in the early innings of a bull cycle. Demand is rising, driven by new reactor buildouts, while supply remains constrained. This has created a growing gap between supply and demand that should support higher uranium prices in the years ahead. Ur-Energy is well-positioned to benefit from rising prices through a combination of uncontracted production and long-term contracts.
Ur-Energy offers investors a compelling mix of low-cost production, visible growth potential, and exposure to an improving uranium market. With a proven management team, strong project pipeline, and disciplined focus on economics, the company is well-positioned to create value for shareholders in the coming years. As the uranium bull market continues to unfold, Ur-Energy should be on the radar of investors looking for exposure to this growing opportunity.
View Ur-Energy's company profile: www.cruxinvestor.com/companie...
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[@user-uz7of5sc2q]

This is a very strong and well run company

[@GiovanniGeorgio69]

I know it's been happening again for a while now that we are post-covid, but these in person interviews really are a breath of fresh air.

[@socalsilver6397]

5X-10x here by the time it’s said & done.. Long URG

[@hisham56hamilton50]

Thank you Mr Cash for very fine and informative interv..And thanx for Crux for picking your brain.😂😂

[@jptrainor]

When a u3o8 producer like Ur Energy enters a contract with a utility, who does the enrichment and finished fuel manufacturering?

[@apothe6]

No bs with this company

[@hillbillydeluxe5534]

Spot market is very thin! Any of these producers talking about selling significant (or any?!) lbs into spot right now are crazy. Cameco just talked about this the other day. Maybe one day but that day is not yet here.

[@tomdebusschere9045]

They aren't talking about millions of tons. Most of their uranium is contracted and should be going forward. They are talking about small lots that are leftover.

[@hillbillydeluxe5534]

Millions of tons lol. That comment right there tells me you don’t know what you are talking about. Go listen to Grant Isaacs comment on the spot market from last week.

[@anilgorania6853]

He said 20, 30, 40% unhedged production. Available for higher contract pricing with rising prices

[@tbayley6]

Cameco happy for the spot price to come down? Same for any producer lacking pounds to fill flex contracts.