Ur-Energy Releases 2017 Q3 Results

Energy Investing

(“Ur-Energy” or the “Company”) has filed the Company’s Form 10-Q for the quarter ended September 30, 2017, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities on SEDAR at www.sedar.com. Ur-Energy Chairman Jeff Klenda said: “During a quarter when uranium spot prices continued to face downward pressure, we were pleased to realize a $40 per pound average sales …

Ur-Energy Chairman Jeff Klenda said:

“During a quarter when uranium spot prices continued to face downward pressure, we were pleased to realize a $40 per pound average sales price and generate $3.9 million in cash from operating activities, including the sale 180,000 pounds of produced product for $7.8 million in cash late in the quarter.”

Lost Creek Production and Sales
During the three months ended September 30, 2017, a total of 52,812 pounds of U₃O₈ were captured within the Lost Creek plant. 48,336 pounds were packaged in drums and 36,797 pounds of the drummed inventory were shipped to the conversion facility. We sold 289,000 pounds of U₃O₈ during the period of which 109,000 pounds were purchased.
Click here to read the full text release.

sec u.s. securities and exchange commission ur energy uranium spot Market News