Ur-Energy Releases 2016 Q3 Results
Ur-Energy (NYSE:URG) has filed its Form 10-Q for the third quarter ending September 30, 2016. As quoted in the press release: Lost Creek Uranium Production and SalesDuring the nine months ended September 30, 2016, we captured 434,446 pounds of U3O8 within the Lost Creek plant. 450,045 pounds were packaged in drums and 480,404 pounds of … Continued
Ur-Energy (NYSE:URG) has filed its Form 10-Q for the third quarter ending September 30, 2016.
As quoted in the press release:
Lost Creek Uranium Production and Sales
During the nine months ended September 30, 2016, we captured 434,446 pounds of U3O8 within the Lost Creek plant. 450,045 pounds were packaged in drums and 480,404 pounds of the drummed inventory were shipped to the conversion facility. We sold 462,000 pounds of U3O8 during the nine-month period.
Jeff Klenda, chairman, said:
The Company’s book of term-priced contracts, which are in place through the end of the decade, continues to protect the Company in the persistently depressed uranium market. With the reliability of the Lost Creek operations, at industry-leading costs of production, our contracts provide the cashflow which makes Ur-Energy unique among uranium companies. These factors together with the vigilance of our management and operating teams provide us necessary flexibility in our business.
