Ur-Energy Sales Transaction Raises Funds for Lost Creek Project

Uranium Energy Inc (TSX:URE, NYSE MKT:URG) announced that it was able to raise approximately US $5.1M from the closing of a uranium sales transaction which it will use to support the ongoing construction of its Lost Creek Project.

As quoted in the press release:

Ur-Energy, with the cooperation of one of its utility customers, assigned a portion of its contractual delivery obligations to Traxys, a large uranium and natural resource trading company, in exchange for a current cash payment.  Ur-Energy has retained additional future delivery obligations under this and other previously announced uranium sales agreements.

Click here to read the full Uranium Energy Inc (TSX:URE, NYSE MKT:URG) press release.

Get the Latest Uranium Investing Stock Information

Get the latest information about companies associated with Uranium Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply