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Ur-Energy Inc. (TSX:URE,NYSE MKT:URG) provided production and operational results for the second quarter of 2014. Additionally, Ur-Energy advised on its guidance for the second half of 2014, referring to an announcement from May 22 2014 that Ur-Energy had secured secured sales commitments of approximately 518,000 pounds U3O8 at an average sales price of $51.10 per pound for the year.
Ur-Energy Inc. (TSX:URE,NYSE MKT:URG) provided production and operational results for the second quarter of 2014. Additionally, Ur-Energy advised on its guidance for the second half of 2014, referring to an announcement from May 22 2014 that Ur-Energy had secured secured sales commitments of approximately 518,000 pounds U3O8 at an average sales price of $51.10 per pound for the year.
As quoted in the press release:
During Q2 2014, production rates at the Lost Creek Project were controlled at levels that allowed the Company to fulfill its contractual sales requirements without participating in the uranium spot market. The quarter featured further increased levels of product sales at 208,000 pounds U3O8. The product was sold to our customer(s) under contractual terms at an average price of $34.64 per pound, which represents a premium to the average spot market price during the quarter of approximately 20%. Quarterly product sales revenues totaled US$7.2 million.
Click here to read the Ur-Energy Inc. (TSX:URE) press release