Canada · Delayed Price · Currency is CAD Ur-Energy Earnings Call Transcripts
Fiscal Year 2026
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Operational capacity reached 2.2 million lb/year, with full production at Lost Creek and Shirley Basin projected near end-2028 at ~2 million lb/year, not formal guidance. Growth options include Lost Soldier, regional consolidation, and potential government funding for future development.
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Q2 saw strong production growth and operational execution, with Lost Creek and Shirley Basin ramping up output and maintaining low costs. The company ended the quarter with robust liquidity, deferred some deliveries for flexibility, and remains focused on disciplined growth and risk management.
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Uranium production ramped up at both Lost Creek and Shirley Basin, with Q1 sales at higher prices and lower costs. The company is on track to meet 2026 delivery commitments, supported by a strong cash position and ongoing operational improvements.
Fiscal Year 2025
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Operational execution in 2025 led to higher production, expanded resources, and a strong cash position. Ramp-up at Lost Creek and Shirley Basin supports 2026 delivery targets, while ongoing plant upgrades and exploration underpin future growth.
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Production is ramping up at Lost Creek with strong contract coverage and low costs, while Shirley Basin is on track for early 2026 production. Financials are robust, with high institutional ownership, no debt, and increasing revenue from long-term contracts.
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Production is ramping up at Lost Creek and Shirley Basin, with strong contract coverage and a shift to hybrid pricing as uranium markets strengthen. U.S. policy support and rising global demand position the company for growth, with management focused on operational reliability and cost control.
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Lost Creek and Shirley Basin are ramping up uranium production with low costs and strong long-term contracts, while global demand and U.S. policy support are rising. Geopolitical risks and new technologies are driving utilities to seek secure, domestic supply.
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Uranium market momentum is strong, with rising prices, global nuclear expansion, and robust U.S. policy support. Production is ramping up at both Lost Creek and Shirley Basin, with financial strength and strategic contracts positioning the company for growth.
Fiscal Year 2024
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Q2 saw a 64% sequential production increase and a strengthened cash position, with a $69M equity raise to fund ramp-up and development. 2024 guidance is reaffirmed, with no supply chain delays expected, and a shift toward market-related contracts to capture price upside.