URG
Ur-Energy Inc.1.3100
-0.0200-1.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details ramps, fixes, confidence
Q&A largely reaffirmed prepared remarks on Lost Creek ramp and Shirley Basin progress toward 1.3 million pounds of 2026 sales, but added color on execution hurdles like December's power outage and January resin reload, with February-March rebounding strongly. Management detailed plant upgrades—sand filters to combat fines clogging ion exchange—while stressing fixed costs drop linearly with volume. Regulatory approvals for Shirley remain on track for March startup, despite industry pressures. Sales focus shifts to 2029+, chasing U.S.-based premiums; M&A opportunistic with cash ready. Fines are bad. Confident tone; watch header house cadence and Shirley resin shipments.
Key Stats
Market Cap
492.84MP/E (TTM)
-Basic EPS (TTM)
-0.22Dividend Yield
0%Recent Filings
8-K
Lost Creek output jumps 65%
Ur-Energy drummed 410,440 pounds U3O8 at Lost Creek in 2025, up 65% from 2024, with cash costs at $42.89 per produced pound sold. Updated S-K 1300 report extends mine life nearly three years to 2039 Q2, boosting post-tax LoM net cash flow to $442.2M. Shirley Basin nears commissioning pending WDEQ approvals. Production ramped smartly.
10-K
FY2025 results
Ur-Energy ramped up Lost Creek production in FY2025 ended December 31, 2025, capturing 370,893 pounds U3O8 (up 40% y/y from 265,746) and drumming 410,440 pounds (up 65% y/y), while shipping 420,144 pounds amid a December power outage from storm damage. Q4 saw 78,177 pounds captured and 121,818 drummed, reflecting steady momentum despite weather setbacks, with average head grade at 46.4 mg/L. Sales hit 440,000 pounds at $61.77/lb (up from $58.15/lb in 2024), yielding $6.25/lb profit (vs. -$6.19 loss), bolstered by contract escalations; inventory stood at 406,089 pounds. Shirley Basin advances toward 2026 commissioning with wellfield ready and plant construction progressing. Cash swelled to $135M post-$120M convertible notes. Regulatory delays could stall quarterly ramps.
8-K
Ur-Energy prices $120M notes
Ur-Energy issued $120.0 million of 4.75% convertible senior notes due 2031 on December 15, 2025, netting $114.8 million after fees. Funds will cover $16.6 million in capped calls to curb dilution and fuel project development. Notes convert at $1.73 per share, a 27.5% premium. Maturity looms in 2031.
8-K
Goplerud retires; Ritchie named GC
Ur-Energy announced General Counsel Penne Goplerud's retirement, effective January 6, 2026, after 20 years of service since 2005. Alex Ritchie, with 25+ years in natural resources law, succeeds her that day amid leadership succession planning. Goplerud stays briefly for transition. Smooth handoff bolsters compliance amid growth.
8-K
Q3 results, Shirley Basin advances
Ur-Energy reported Q3 2025 results, drying 93,523 pounds U3O8 at Lost Creek while selling 110,000 pounds from inventory at $57.48/pound for $6.3 million revenue. Cash costs dipped to $43.00/pound. Shirley Basin construction advances toward Q1 2026 startup. Cash fell to $52.0 million. Full-year sales target 440,000 pounds.
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