Ur-Energy Eyes 1.3M Pound Sales, $123.9M Cash Funds Dual-site Ramp-Up
Ur-Energy plans to fulfill 1.3 million pound contractual sales in 2026 from current inventory and new production as Lost Creek operations ramp up and Shirley Basin begins solution movement in March. The company holds $123.9 million liquidity to fund dual-site ramp-up and expects Lost Creek output to peak in Q3/Q4.
1. Operations Ramp-Up Progress
Ur-Energy is advancing Lost Creek operations by installing sand filters, achieving linear ramp-up, and targeting 50-60% utilization to support production growth. Shirley Basin site has progressed to expected solution movement to the plant in March, with resin shipments slated for Q2.
2. Contractual Sales and Inventory
The company plans to fulfill 1.3 million pound contractual sales in 2026 valued up to $82 million using existing inventory and new output, with contracts structured across varying price blocks rather than a uniform ramp-up. This approach leverages current stockpiles and ongoing production to meet obligations.
3. Financial Position and Loan Repayment
Ur-Energy holds $123.9 million liquidity to finance simultaneous ramp-up of two ISR facilities. A 250,000-pound loan due in November can be repaid in physical uranium or via spot market purchases, depending on market conditions.
4. Production Forecast and Milestones
Production at Lost Creek is projected to peak in Q3 and Q4 2026 as new mine units and header houses come online. Shirley Basin is expected to commence solution delivery to the plant this month, aligning with resin shipment schedules in the second quarter.