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Ur-Energy Inc T.URE

Alternate Symbol(s):  URG

Energy
Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.


TSX:URE - Post by User

Ur-Energy Inc
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Comment by Goldqueen3on Jul 14, 2019 9:16am
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Post# 29917879

RE:Subsidies

RE:SubsidiesNothing is going to "fix" this....absolutely nothing.  The contract price of uranium MUST be $50 or all US miners go under.  Simple as that.  There is nothing that Trump can do to affect the fundamental price of uranium.  232 didn't stop any utility from entering contracts...the world is awash in supply as evidence by Cameco buying millions of pounds on the spot market. Only quotas would have ramped the price to a profitable level and those are now off the table. There is nothing coming of this "working group" ...there is nothing they can do to make uranium $50 or more. Only time and the law of supply and demand can do that.  How long can UUUU and URG hold out is the question you should be asking...they will have no profits for a long time and will continue to bleed red ink.
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