Ur-Energy Q1 uranium output jumps 23%, costs drop to $37 per pound
URG•Ur-Energy delivered uranium output of 112,000 pounds in Q1 2026, a 23% increase over a year earlier, while lowering all-in sustaining costs to $37 per pound. The company signed a binding deal to deliver 500,000 pounds through 2028, boosting contract coverage to 60% of projected output.
1. Q1 Production and Cost Performance
Ur-Energy produced 112,000 pounds of U3O8 in Q1 2026, marking a 23% year-over-year increase driven by higher throughput at the Lost Creek facility. Operational efficiencies and lower reagent prices helped reduce all-in sustaining costs by 15% to $37 per pound.
2. Strategic Sales Agreement and Financing
The company secured a binding agreement to supply 500,000 pounds of uranium through 2028, raising contract coverage to 60% of expected output. In conjunction, Ur-Energy arranged a $20 million non-dilutive financing facility to fund ongoing plant optimization and resource development.
