Ur Energy "Defying Weak Uranium Market": Northern Miner

Ur-Energy (TSX:URE,NYSE MKT:URG) was recently featured in an article by the Northern Miner (subscription), which noted that the company recently recorded its first net profit quarter despite weak uranium prices. Raymond James analyst David Sadowski has noted that Ur-Energy’s Lost Creek project is “amongst the lowest-cost uranium producers anywhere in the world.”
As quoted in the publication:

Earnings were US$1 million, or US1¢ per share, beating the adjusted nil per share that Raymond James analyst David Sadowski forcasted. He attributes the slight beat to better operating results.

Steven Hatten, Ur-Energy’s vice-president of operations, noted that his team produced, drummed and shipped the millionth uranium oxide (U₃O₈) lb. from Lost Creek in June, and called this an “amazing feat,” and a “big milestone for any operation.”

The Lost Creek property sits in the northeastern corner of Sweetwater County in south-central Wyoming. The 170 sq. km property comprises six projects, with its core Lost Creek project hosting production at the first mine unit (MU1).

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