Ur-Energy outlines $25.5M Shirley Basin 2026 capex as it targets commercial production this summer
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Ur-Energy (URG) has outlined a $25.5 million capital expenditure plan for its Shirley Basin project, targeting commercial production this summer. In Q1 2026, the company reported operational successes, including capturing 110,000 pounds of uranium and reducing cash costs to $37.5 per pound. They spent approximately $11 million of the planned CapEx in the first quarter. The company aims to optimize operations at Lost Creek and fulfill its uranium sales commitments. Ur-Energy ended the quarter with $123 million in unrestricted cash and an average sales price of $71 per pound.
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