Ur-Energy Reports Third Quarter 2026 Results
Key Highlights
- ➤2026 sales guidance: 700,000 pounds at approximately $67.00, generating approximately $46.9 million revenue
- ➤Q3 product sales revenue $12.3 million from 190,000 pounds sold at $64.95 per pound
- ➤Year-to-date pounds sold rose 67.3% to 460,000, while average price increased 9.3% to $66.56
- ➤Q3 pounds captured jumped 73.3% year-over-year to 154,667 pounds
- ➤Shirley Basin launched full operations in August and began ramping toward commercial production
Expert Statements
Matt Gili, President & CEO of Ur-Energy
“Ur-Energy has had another busy and productive quarter. Ramp up at our processing hub and both mines continues to proceed, with a large year-over-year increase in captured pounds. It's also important to add that production costs have remained low throughout the period, and we sold significantly more pounds through three quarters in 2026 than in 2025. We are also accelerating our multi-asset growth strategy. Notably, this includes a 120-hole near mine and regional exploration program at Lost Creek South, and the final phase of a technical report for Lost Soldier, which sits just seventeen miles from the Lost Creek hub.”
CASPER, WY / ACCESS Newswire / November 9, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy" or the "Company"), America's largest and fastest-growing domestic ISR uranium producer, is pleased to announce its financial and operating results, along with exploration and development highlights, for the third quarter ended September 30, 2026.
Financial and Operating Highlights * Significantly Increased Year Over Year Sales: Sales for the third quarter under contracted deliveries totaled 190,000 pounds of U₃O₈ for $12.3 million in product sales revenue; pounds sold year-over-year through three quarters were 67.3% higher in 2026 than in 2025. * Increased Pounds Captured: Captured pounds of U₃O₈ increased 26.4% year-over-year through three quarters from 2025 to 2026. * Continued Low-Cost Production: The cash cost per produced pound of U₃O₈ sold during the quarter remained low at $40.40, virtually the same as $40.20 for the second quarter of 2026. * Ending Inventory: Ended the third quarter with 233,378 pounds of finished inventory at the conversion facility. Total inventory decreased from the second quarter by 13.2% while in process and plant inventory increased from 19,496 pounds to 85,708 pounds including inventory adjustments. * Pounds Drummed: Pounds drummed of U₃O₈ was 25.8% lower than the second quarter as the Company works to complete planned feed and wastewater treatment upgrades at Lost Creek and begins to accelerate ramp up the new Shirley Basin mine. Pounds drummed grew year-over-year through three quarters by 18% from 2025 to 2026. Matt Gili, President & CEO of Ur-Energy, stated, "Ur-Energy has had another busy and productive quarter. Ramp up at our processing hub and both mines continues to proceed, with a large year-over-year increase in captured pounds. It's also important to add that production costs have remained low throughout the period, and we sold significantly more pounds through three quarters in 2026 than in 2025. We are also accelerating our multi-asset growth strategy. Notably, this includes a 120-hole near mine and regional exploration program at Lost Creek South, and the final phase of a technical report for Lost Soldier, which sits just seventeen miles from the Lost Creek hub."
Get started
Create a free account to read the full story.