Operating ISR uranium mine and processing plant; in production since 2013 • Steady-state production
Overview
Country
United States
Region
Wyoming
Current status
Operating ISR uranium mine and processing plant; in production since 2013
4 projects in this company presentation
Report date 2026-05-04
Ur Energy Inc • URE.TO • 4 projects
Strategic shareholders
Alps Advisors Inc., Sprott Funds Trust-sprott Uranium Miners ETF, Mirae Asset Global ETFs Holdings Ltd., VanEck Uranium and Nuclear ETF, Global X Funds-global X Uranium ETF, Van Eck Associates Corporation, Vanguard Group Inc, State Street SPDR S&P Metals & Mining ETF, Manufacturers Life Insurance Co., Azarias Capital Management, LP, Segra Capital Management, LLC, Sprott Junior Uranium Miners ETF, Vanguard Total Stock Market Index Fund, CenterBook Partners LP
Mine type
ISR (In Situ Recovery)
Classification
Project stage
Producer
Substage
Steady-state production
Active milestone
Steady-state production
Completed milestones
Commissioning, Start-up, Ramp-up
Resources
Measured + indicated
11.9 Mlb
M&I grade
480.0 ppm
Inferred
10.4 Mlb
Inferred grade
470.0 ppm
Total resources
22.3 Mlb
Endowment
Core endowment
11.9 Mlb
Expansion endowment
10.4 Mlb
Grade
480.0 ppm
Financials
Production rate
1.2
Life of mine
13.0 years
Post-tax NPV8
$244M
Post-tax IRR
65.7%
Post-tax cash flow
$442M
AISC
$55.00/lb
Strategics
Production
2013-01-01
Notes
Highlights
12+ year production track record; scalable annual licensed capacity up to 2.2M lbs; 13 years remaining mine life; nearly 3.5M lbs produced to date; resource expansion potential.
ISR mining method; lower capital intensity than traditional mining; shared processing infrastructure with Shirley Basin.
Financial context
All-in cost and project economics provided post-tax, inferred included.
Offtake agreements
Part of company-wide sales agreements for 5.75M lbs U3O8 through 2033.
Recent achievements
Continuous production since 2013; resource and economic updates as of March 2026.
Work ongoing
Exploration drilling at LC South in 2026.
Next steps
LC South 120-hole exploration drill program planned for summer 2026; opportunity to grow resource through exploration.
Resource extension potential
Adjacent mineralization can be pipelined into existing plant; opportunity to grow resource laterally and at depth.
Lost Soldier
Exploring ProjectUnited States
Technical and hydrogeologic studies underway; not yet in production • Concept
Overview
Country
United States
Region
Wyoming
Current status
Technical and hydrogeologic studies underway; not yet in production
Strategic shareholders
Alps Advisors Inc., Sprott Funds Trust-sprott Uranium Miners ETF, Mirae Asset Global ETFs Holdings Ltd., VanEck Uranium and Nuclear ETF, Global X Funds-global X Uranium ETF, Van Eck Associates Corporation, Vanguard Group Inc, State Street SPDR S&P Metals & Mining ETF, Manufacturers Life Insurance Co., Azarias Capital Management, LP, Segra Capital Management, LLC, Sprott Junior Uranium Miners ETF, Vanguard Total Stock Market Index Fund, CenterBook Partners LP
Mine type
ISR (potential)
Classification
Project stage
Explorer
Substage
Concept
Active milestone
Concept
Notes
Highlights
Located ~17 miles from Lost Creek ISR facility; potential for capital-efficient development.
Technical context
ISR amenability being studied.
Recent achievements
18 aquifer test wells installed.
Work ongoing
Technical and hydrogeologic studies ongoing.
Next steps
Aquifer testing expected to begin Q1 2026; studies to support future mineral resource estimate.
North Hadsell
Exploring ProjectUnited States
Exploration drilling completed; uranium mineralization intersected; not yet in production • Pre-Discovery
Overview
Country
United States
Region
Wyoming
Current status
Exploration drilling completed; uranium mineralization intersected; not yet in production
Strategic shareholders
Alps Advisors Inc., Sprott Funds Trust-sprott Uranium Miners ETF, Mirae Asset Global ETFs Holdings Ltd., VanEck Uranium and Nuclear ETF, Global X Funds-global X Uranium ETF, Van Eck Associates Corporation, Vanguard Group Inc, State Street SPDR S&P Metals & Mining ETF, Manufacturers Life Insurance Co., Azarias Capital Management, LP, Segra Capital Management, LLC, Sprott Junior Uranium Miners ETF, Vanguard Total Stock Market Index Fund, CenterBook Partners LP
Mine type
ISR (potential)
Classification
Project stage
Explorer
Substage
Pre-Discovery
Active milestone
Pre-Discovery
Notes
Highlights
32 wide spaced exploration drill holes (33,000 ft) completed; 7 holes intersected uranium mineralization; multiple mineralized horizons; grades and thicknesses comparable to Lost Creek.
ISR uranium mine; operations commenced April 2026; ramp-up underway
Strategic shareholders
Alps Advisors Inc., Sprott Funds Trust-sprott Uranium Miners ETF, Mirae Asset Global ETFs Holdings Ltd., VanEck Uranium and Nuclear ETF, Global X Funds-global X Uranium ETF, Van Eck Associates Corporation, Vanguard Group Inc, State Street SPDR S&P Metals & Mining ETF, Manufacturers Life Insurance Co., Azarias Capital Management, LP, Segra Capital Management, LLC, Sprott Junior Uranium Miners ETF, Vanguard Total Stock Market Index Fund, CenterBook Partners LP
Mine type
ISR (In Situ Recovery)
Classification
Project stage
Producer
Substage
Ramp-up
Active milestone
Ramp-up
Completed milestones
Commissioning, Start-up
Resources
Measured + indicated
9.1 Mlb
M&I grade
2,200.0 ppm
Total resources
9.1 Mlb
Endowment
Core endowment
9.1 Mlb
Grade
2,200.0 ppm
Financials
Production rate
2.0
Life of mine
9.0 years
Post-tax NPV8
$83.0M
Post-tax IRR
69.0%
Post-tax cash flow
$119M
AISC
$50.00/lb
Strategics
Production
2026-01-01
Notes
Highlights
Operations commenced April 2026; 2.0M lbs per year capacity; historic district with over 50M lbs U3O8 produced; first ISR mine in the world (1960s).
Resource context
Measured & Indicated: 9.1M lbs @ 0.22% grade; 9 years mine life.
Permit context
Pending or outstanding regulatory approvals referenced in disclaimer.
Technical context
ISR mining method; shared processing infrastructure with Lost Creek.
Financial context
All-in cost and project economics provided post-tax.
Offtake agreements
Part of company-wide sales agreements for 5.75M lbs U3O8 through 2033.
Recent achievements
Advanced into operations in ~2 years; construction completed.
Work ongoing
Ramp-up and resin transport to Lost Creek in 2026.
Next steps
Ramp-up and transport uranium-loaded resin to Lost Creek in summer 2026.