Operating ISR uranium facility with 13 years remaining mine life. In production since 2013. • Steady-state production
Overview
Country
USA
Region
Wyoming
Current status
Operating ISR uranium facility with 13 years remaining mine life. In production since 2013.
4 projects in this company presentation
Report date 2026-05-04
Ur Energy Inc • URG.US • 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
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
Total production
3.5 Mlb
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.
Country attractiveness
USA, Wyoming: established ISR mining jurisdiction, low royalty burden (<1%), scalable resource base.
Part of company-wide 5.75M lbs U3O8 sales agreements through 2033.
Recent achievements
Ongoing production, resource expansion programs, sales agreements in place.
Work ongoing
Exploration drilling, production, and processing.
Next steps
Resource expansion through exploration (lateral and at depth); LC South 120-hole drill program planned for summer 2026.
Resource extension potential
Yes, through adjacent mineralization and ongoing exploration.
Lost Soldier
Exploring ProjectUSA
Technical and hydrogeologic studies underway; aquifer test wells installed; no resource estimate yet. • Pre-Discovery
Overview
Country
USA
Region
Wyoming (Great Divide Basin)
Current status
Technical and hydrogeologic studies underway; aquifer test wells installed; no resource estimate yet.
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, not confirmed)
Classification
Project stage
Explorer
Substage
Pre-Discovery
Active milestone
Technical and hydrogeologic studies
Notes
Highlights
18 aquifer test wells installed; technical and hydrogeologic studies underway; located ~17 miles from Lost Creek ISR facility.
Country attractiveness
USA, Wyoming: proximity to Lost Creek ISR facility, potential for capital-efficient development.
Resource context
No resource estimate yet.
Technical context
Potential for ISR mining; technical studies ongoing.
Recent achievements
Aquifer test wells installed.
Work ongoing
Aquifer testing, technical studies.
Next steps
Begin aquifer testing in Q1 2026; advance toward mineral resource estimate.
Exploration drilling completed; uranium mineralization intersected; no resource estimate yet.
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, not confirmed)
Classification
Project stage
Explorer
Substage
Pre-Discovery
Active milestone
Exploration drilling
Notes
Highlights
32 wide spaced exploration drill holes (33,000 ft) completed; 7 holes intersected uranium mineralization with 13 intercepts >0.20 GT; two stand-out drill holes ~1.5 miles apart.
Country attractiveness
USA, Wyoming: proximity to Lost Creek ISR facility, potential for meaningful mineralized system.
Resource context
No resource estimate yet.
Technical context
Multiple mineralized horizons with grades and thicknesses comparable to Lost Creek.
ISR uranium facility; operations commenced April 2026; ramp-up underway.
Permit status
Permitted and licensed for ISR 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
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/year capacity, 9.1M lbs M&I resource @ 0.22% grade, 9-year mine life.
Country attractiveness
USA, Wyoming: historic uranium district, first ISR mine in the world (1960s), over 50M lbs U3O8 produced historically.
Resource context
Measured & Indicated: 9.1M lbs @ 0.22% grade.
Permit context
Permitted and licensed for ISR production.
Technical context
ISR mining, shared processing infrastructure with Lost Creek.