Ur-Energy Provides Production and Construction Updates for 2025 Q1
News Release
10758 W. Centennial Rd. Suite 200
Littleton, CO 80127
Phone: 720.981.4588
www.ur-energy.com
Ur-Energy Provides Production and Construction Updates for 2025 Q1
Littleton, Colorado ( ACCESSWIRE – April 17, 2025) Ur-Energy Inc. (NYSE American: URG) (TSX: URE) (the
“Company” or “Ur -Energy”) is pleased to provide the following updates for 2025Q1 from Lost Creek and
Shirley Basin.
Lost Creek Production
During 2025 Q1, we dried and packaged 83,066 pounds and shipped 106,301 pounds U3O8. At quarter end,
our in-process inventory at Lost Creek was approximately 29,700 pounds, our drummed inventory at Lost
Creek was 10,772 pounds, and our finished inventory at the conversion facility was 368,540 pounds. Our next
shipment of product is scheduled for next week and we currently have 5 7 drums of product on the ground
at Lost Creek.
We are pleased to report that the wellfield flow rate has increased by 44% since the beginning of March 2025
and is now routinely over 2,700 gallons per minute. Additional flow increases are expected throughout the
summer as our current fleet of 19 contract drill rigs and C ompany construction staff bring on additional
header houses and enhanc e flow in existing wells through routine maintenance and improvements . Head
grade remains on target and our annualized production rate over the past week averaged over 400,000
pounds and remains on a positive trend . For context, our 2025 delivery commitment to our customers is
440,000 pounds of U 3O8 and the repayment of a 250,000 -pound U3O8 loan in the form of physical pounds ,
although repayment of this loan may be deferred upon agreement with the lender . We expect production
rates to steadily increase throughout the summer.
The recovery rate in the processing plant has reached design levels as management of the elution circuit has
improved, resulting in tail grade on the ion exchange columns commonly being less than three milligrams per
liter. The elution and precipitation circuits are now functioning as designed. Both filter presses are
operational, and we plan to upgrade the auger in each of the presses in early May, which should further
improve throughput. Both rotary vacuum dryers are now operating and performing as designed.
Our safety performance has improved over the past several months with no recordable injury or illness
incidents occurring in 2025. Implementation of a behavioral based safety program to proactively address and
track potential safety issues has resulted in an im proved safety culture and has increased employee
participation in Company safety initiatives.
The recent improvements in performance and safety are attributable to several factors of which we believe
the most important are growing employee skill s and confidence and achieving higher employee retention
rates. Our increased number of drill rigs together with mild winter conditions have also contributed to
increased output.
Our objectives for Lost Creek for the remainder of 2025 are to continue to safely ramp up the wellfield flow
rate and improve plant efficiencies by focusing on training, employee retention, and improved maintenance.
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Shirley Basin Construction
Construction at our fully permitted Shirley Basin Project is on target and we continue to estimate mine
startup by early 2026. We have hired many of our se nior site management and 10 construction staff , who
are already directly involved with facility construction. Training of new staff is ongoing , including certain
training being conducted at Lost Creek. We have hired several additional professional staff who will join the
Shirley Basin team in Q2. Recruiting for operational staff, including remaining managers, will be ongoing
through the summer.
To date, the following construction activities have been completed:
• Upgraded the existing road to an all-weather surface;
• Installed and completed ~125 monitor wells for Mine Unit 1;
• Refurbished the existing warehouse, construction bay and maintenance bay. We originally
planned to construct new buildings but saved several million dollars by refurbishing
existing buildings;
• Installed and furnished modular offices for these buildings;
• Installed power between the C ompany substation and the site for the satellite plant
enclosure;
• Initiated dirt work for the satellite plant foundation;
• Installed communications and security systems;
• Installed the septic system for the satellite plant enclosure; and
• Advanced the construction of the ion exchange vessels, which is well underway in Casper
with delivery expected this fall.
Before we initiate production at Shirley Basin, the Wyoming Uranium Recovery Program will perform a pre -
operations inspection. To improve the efficiency of the inspection and operational approvals, we have begun
to assemble Standard Operating Procedures and permitting documents for agency review.
In 2025, we plan to:
• Complete the upgrade the Company-owned electrical substation;
• Install the first header house in Mine Unit 1. Two drill rigs were mobilized to the project
on April 14 from Lost Creek. We plan to add four more rigs in Q2 . Relatively few drill rigs
are required for Shirley Basin because dense historic drilling largely diminishes the need
for additional exploration or delineation drilling;
• Build the relatively small satellite plant enclosure, which will house the ion exchange and
wastewater management systems;
• Construct additional header houses in our Casper shop;
• Install and furnish modular offices for the satellite plant enclosure; and
• Install two evaporation ponds.
We are excited to bring Shirley Basin, a prolific historic uranium district and the birthplace of in situ uranium
mining in 1963, back into production.
Finally, we want to briefly mention President Trump’s recent Executive Order that directed the U.S.
Department of Commerce to start a national security probe under Section 232 of the Trade Expansion Act of
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1962 into the impact of imports of critical minerals and uranium. The investigation is ordered to be completed
within 180 days when a final report with recommendations is submitted to the President. The impact of the
investigation and subsequent corrective actions, if any, are unknown at this time but could have a positive
impact on Ur-Energy as one of the largest domestic uranium producers in the U.S.
About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south -
central Wyoming. We have produced and packaged approximately 2.9 million pounds U3O8 from Lost Creek
since the commencement of operations. Ur -Energy has all major permits and authorizations to begin
construction at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming and is
advancing Shirley Basin construction and development following the March 2024 ‘go’ decision for the mine.
We await the remaining regulatory authorization for the expansion of Lost Creek. Ur -Energy 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 primary trading market for Ur -Energy’s
common shares is on the NYSE American under the symbol “URG.” Ur -Energy’s common shares also trade
on the Toronto Stock Exchange under the symbol “URE.” Ur-Energy’s corporate office is in Littleton, Colorado
and its registered office is in Ottawa, Ontario.
FOR FURTHER INFORMATION, PLEASE CONTACT
John W. Cash, Chairman, CEO & President
720-981-4588, ext. 303
Cautionary Note Regarding Forward-Looking Information
This release may contain “forward -looking statements” within the meaning of applicable securities laws
regarding events or conditions that may occur in the future ( e.g., ability to continue to ramp-up production
at Lost Creek, including addressing remaining and/or future operational, maintenance, and staffing issues;
our ability to maintain the improved production rates recently achieved, and continue to grow our production
rates; our ability to deliver into our contractual commitments in 2025 including the repayment of the physical
inventory loan; whether our improved safety records will be sustained; timing and ability to complete build
out of Shirley Basin as currently projected, including planned wellfield development, site construction, and
purchasing as well as site staff and management hiring and training ; our ability to facilitate an efficient and
effective operations inspection and approval by regulators to commence operations at Shirley Basin; and
how the Section 232 investigation and other plans of the Trump administration, if and when concluded, may
affect our industry and our business ) and are based on current expectations that, while considered
reasonable by management at this time, inherently involve a number of significant business, economic and
competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified
by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is
likely," "estimates," "intends," "anticipates," "does not anticipate," or "believes," or variations of the
foregoing, or statements that certain actions, events or results "may," "could," "might" or "will be taken,"
"occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact,
are considered to be forward-looking statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or achievements express or
implied by the forward-looking statements. Factors that could cause actual results to differ materially from
any forward-looking statements include, but are not limited to, capital and other costs varying significantly
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from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which
is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in
obtaining or failures to obtain required governmental, environmental or other project approvals; inflation;
changes in exchange rates; fluctuations in commodity prices; delays in development and other factors
described in the public filings made by the Company at www.sedarplus.ca and www.sec.gov. Readers should
not place undue reliance on forward-looking statements. The forward-looking statements contained herein
are based on the beliefs, expectations and opinions of management as of the date hereof and Ur -Energy
disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in
management’s beliefs, expectations or opinions that occur in the future.