Ur-Energy Begins Uranium Mining Operations in Wyoming
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company," "Ur-Energy" or "we"), a domestic uranium producer with ISR projects that are among the largest and lowest-cost in the United States, is pleased to announce the start of uranium mining operations at its Shirley Basin Project in Wyoming. Uranium bearing solution is now being captured from Mine Unit 1 at Shirley Basin after the successful completion of significant construction, wellfield installation, and permitting. Uranium concentrations in recovered solutions are expected to increase over time as we further condition the wellfield, and all production circuits are brought online. We expect to transport uranium loaded resin to Lost Creek for processing this summer, subject to an additional regulatory inspection and approval. The Shirley Basin Project enhances Ur-Energy's operational flexibility through its integration with existing infrastructure: Capacity: Licensed annual wellfield and toll processing capacity of up to 2.0 million pounds equivalent of U3O8. Resource Base: Measured and Indicated mineral resources totaling approximately 9.1 million pounds U3O8 at an average grade of 0.22% eU3O8. Mine Life: Anticipated mine life of approximately nine years across three shallow mining units. Operational Synergy: Uranium is captured on ion exchange resin and transported to the Company's Lost Creek facility for final processing, drying, and packaging. Matt Gili, CEO and President, commented: "Launching initial operations marks a pivotal achievement in Ur-Energy's growth strategy and plan to expand U.S. uranium production capacity. Two years ago, we committed to building out this project. Today, we have successfully brought a historically significant uranium district back to life, demonstrating disciplined execution of our strategy. This accomplishment reflects the dedication and expertise of our teams, who have advanced Shirley Basin from development to operations. It is particularly meaningful as it supports the growing need for secure, domestic uranium supply and underscores our ability to move permitted projects toward production while strengthening our role in the U.S. nuclear fuel cycle."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy URG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on URG
Wall Street analysts forecast URG stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.620
Low
2.00
Averages
2.31
High
2.60
Current: 1.620
Low
2.00
Averages
2.31
High
2.60
About URG
Ur-Energy Inc. is a uranium mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. The Company has produced and packaged approximately 2.9 million pounds of U3O8 from Lost Creek. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area (the Lost Creek Project or Lost Creek). Five of the projects at the Lost Creek Property contain reported mineral resources: Lost Creek, LC East, LC West, LC South and LC North. Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Equities Semi-Annual Rebalancing Begins
- New Additions: FTSE Russell's preliminary list indicates that McEwen Inc., Alto Ingredients, Ur-Energy, Hycroft Mining, and Aura Minerals will be added to the Russell 3000 Index, which is expected to enhance these companies' market visibility and liquidity.
- Market Adjustment: This rebalancing will take effect after the close of U.S. equity markets on June 26, signaling a reassessment of materials stocks that may influence investors' asset allocation strategies.
- Companies Removed: American Vanguard, Ascent Industries, and Solesence will be removed from the Russell 3000 Index, which could pressure their stock prices and diminish their appeal among investors.
- Expected Market Reaction: With the addition of new stocks and the removal of others, market volatility may ensue, prompting investors to monitor how these changes affect overall market sentiment and individual stock performance.
See More
Eagle Nuclear Energy Initiates Pre-Feasibility Study at Aurora Project
- Domestic Uranium Supply Chain: The U.S. consumes approximately 50 million pounds of uranium annually, with 95% imported; Eagle Nuclear Energy's Aurora project holds 32.75 million pounds of uranium resources, highlighting its strategic importance in the domestic supply chain.
- Drilling Program Launch: Eagle plans to commence a 27,000-foot drilling program in July 2026 aimed at addressing data gaps and advancing the Pre-Feasibility Study, which is expected to positively impact the regulatory process for U.S. uranium development.
- Environmental Baseline Studies: Prior to the drilling program, the company initiated environmental baseline studies in May 2026, which will support federal and state permitting interfaces, ensuring compliance and sustainability for the project.
- Strategic Partnerships and Policy Alignment: By joining the Uranium Producers of America in March 2026, Eagle demonstrates its engagement in domestic uranium policy discussions, while integrating Small Modular Reactor technology enhances its competitive edge in the nuclear energy sector.
See More
Eagle Nuclear Energy Advances Uranium Project Feasibility Study
- Uranium Resource Holdings: Eagle Nuclear Energy holds 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium at its Aurora project along the Oregon-Nevada border, highlighting its strategic position in the U.S. uranium market amid increasing focus on domestic supply chains.
- Drilling Program Launch: The company plans to initiate a 27,000-foot drilling program in July 2026 aimed at addressing data gaps identified through a Gap Analysis study, which will provide critical data for the Aurora project's feasibility study targeted for completion in the second half of 2027.
- Environmental Baseline Studies: Prior to the drilling program, Eagle Nuclear began environmental baseline studies in May 2026 to support federal and state permitting processes for uranium development, which will help accelerate the project's advancement.
- Policy Environment Engagement: By joining the Uranium Producers of America in March 2026, the company demonstrates its involvement in domestic uranium policy discussions, and combined with its Small Modular Reactor technology, Eagle Nuclear aims to position itself favorably within the tightening uranium supply chain.
See More
Ur-Energy Q1 Earnings Report Analysis
- Earnings Performance: Ur-Energy reported a Q1 GAAP EPS of -$0.07, indicating ongoing challenges in profitability, despite generating $1.24 million in revenue, which suggests survival capability in the market.
- Revenue Insights: The reported revenue of $1.24 million, while showing growth compared to the previous year, still fails to cover operational costs, highlighting an immature profit model that necessitates enhanced cost control and revenue growth strategies moving forward.
- Profitability Uncertainty: Although Ur-Energy has made progress in execution, its profitability remains unproven, prompting investors to closely monitor subsequent financial performance and market dynamics to assess long-term investment value.
- Historical Financial Data: The historical financial data of Ur-Energy provides deeper insights into its financial health, aiding analysts and investors in better evaluating the company's future growth potential and associated risks.
See More
UR-Energy Inc. Submits SEC Filing for Common Share Offering of Up to $50 Million
- Offering Details: URENERGY INC has filed for an offering of up to $50 million in common shares.
- Regulatory Filing: The filing has been submitted to the SEC (Securities and Exchange Commission).
See More
UR-ENERGY INC. - POTENTIAL SECURITIES OFFERING OF UP TO $300 MILLION - SEC FILING
Company Overview: URENergy Inc. is offering securities as part of a financing initiative.
Funding Amount: The company aims to raise up to $300 million through this securities offering.
See More
U.S. Equities Semi-Annual Rebalancing Begins
- New Additions: FTSE Russell's preliminary list indicates that McEwen Inc., Alto Ingredients, Ur-Energy, Hycroft Mining, and Aura Minerals will be added to the Russell 3000 Index, which is expected to enhance these companies' market visibility and liquidity.
- Market Adjustment: This rebalancing will take effect after the close of U.S. equity markets on June 26, signaling a reassessment of materials stocks that may influence investors' asset allocation strategies.
- Companies Removed: American Vanguard, Ascent Industries, and Solesence will be removed from the Russell 3000 Index, which could pressure their stock prices and diminish their appeal among investors.
- Expected Market Reaction: With the addition of new stocks and the removal of others, market volatility may ensue, prompting investors to monitor how these changes affect overall market sentiment and individual stock performance.
See More
Eagle Nuclear Energy Initiates Pre-Feasibility Study at Aurora Project
- Domestic Uranium Supply Chain: The U.S. consumes approximately 50 million pounds of uranium annually, with 95% imported; Eagle Nuclear Energy's Aurora project holds 32.75 million pounds of uranium resources, highlighting its strategic importance in the domestic supply chain.
- Drilling Program Launch: Eagle plans to commence a 27,000-foot drilling program in July 2026 aimed at addressing data gaps and advancing the Pre-Feasibility Study, which is expected to positively impact the regulatory process for U.S. uranium development.
- Environmental Baseline Studies: Prior to the drilling program, the company initiated environmental baseline studies in May 2026, which will support federal and state permitting interfaces, ensuring compliance and sustainability for the project.
- Strategic Partnerships and Policy Alignment: By joining the Uranium Producers of America in March 2026, Eagle demonstrates its engagement in domestic uranium policy discussions, while integrating Small Modular Reactor technology enhances its competitive edge in the nuclear energy sector.
See More
Eagle Nuclear Energy Advances Uranium Project Feasibility Study
- Uranium Resource Holdings: Eagle Nuclear Energy holds 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium at its Aurora project along the Oregon-Nevada border, highlighting its strategic position in the U.S. uranium market amid increasing focus on domestic supply chains.
- Drilling Program Launch: The company plans to initiate a 27,000-foot drilling program in July 2026 aimed at addressing data gaps identified through a Gap Analysis study, which will provide critical data for the Aurora project's feasibility study targeted for completion in the second half of 2027.
- Environmental Baseline Studies: Prior to the drilling program, Eagle Nuclear began environmental baseline studies in May 2026 to support federal and state permitting processes for uranium development, which will help accelerate the project's advancement.
- Policy Environment Engagement: By joining the Uranium Producers of America in March 2026, the company demonstrates its involvement in domestic uranium policy discussions, and combined with its Small Modular Reactor technology, Eagle Nuclear aims to position itself favorably within the tightening uranium supply chain.
See More
Ur-Energy Q1 Earnings Report Analysis
- Earnings Performance: Ur-Energy reported a Q1 GAAP EPS of -$0.07, indicating ongoing challenges in profitability, despite generating $1.24 million in revenue, which suggests survival capability in the market.
- Revenue Insights: The reported revenue of $1.24 million, while showing growth compared to the previous year, still fails to cover operational costs, highlighting an immature profit model that necessitates enhanced cost control and revenue growth strategies moving forward.
- Profitability Uncertainty: Although Ur-Energy has made progress in execution, its profitability remains unproven, prompting investors to closely monitor subsequent financial performance and market dynamics to assess long-term investment value.
- Historical Financial Data: The historical financial data of Ur-Energy provides deeper insights into its financial health, aiding analysts and investors in better evaluating the company's future growth potential and associated risks.
See More
UR-Energy Inc. Submits SEC Filing for Common Share Offering of Up to $50 Million
- Offering Details: URENERGY INC has filed for an offering of up to $50 million in common shares.
- Regulatory Filing: The filing has been submitted to the SEC (Securities and Exchange Commission).
See More
UR-ENERGY INC. - POTENTIAL SECURITIES OFFERING OF UP TO $300 MILLION - SEC FILING
Company Overview: URENergy Inc. is offering securities as part of a financing initiative.
Funding Amount: The company aims to raise up to $300 million through this securities offering.
See More
