Low-cost U.S. uranium miners await price signal to boost out Colorado-based Ur-Energy looks to produce 750,000 to 850,000 pounds this year at Lost Creek, Wyoming, most of which it would sell under eight utility contracts. If the spot price climbs to $50 per pound from $38.75 currently, Ur-Energy would push production to Lost Creek's 1 million pounds capacity, Chief Executive Wayne Heili told Reuters at the Prospectors & Developers Association of Canada convention in Toronto.
"The $50 mark is probably where we would say, if we can get more on the spot market than from our contracts, that's what we'll do: produce additionally for the spot market," he said.