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Ur-Energy Inc T.URE

Alternate Symbol(s):  URG

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

Bullboard Posts
Post by jpsartreanon Jan 24, 2008 2:27pm
285 Views
Post# 14256036

This company simply continues executing...

This company simply continues executing... Unlike 99% of the uranium plays out there these days, URE is actually a legitimate near term producer that simply continues executing its game plan to perfection. These results are MUCH higher than I expected - and if indicative of the rest of the ore body, the economics of our project have GREATLY improved ---> likely low $20s/lb production costs. Granted, URE's deposits aren't the biggest or the highest grade, but they are certainly respectable and URE should be entering production at a time when market prices are still VERY strong. U.S. listing is just icing on an already attractive cake - they don't need the cash, but the increased visability will certainly help us shareholders, particularly as it will become more accessible to institutions. Of uranium plays able to purchased on the U.S. Big Boards, Cameco, URRE, and DNN are the only current producers... but not for much longer. UEC and CXZ are crap - URE will gain a lot of interest from U.S. investors who are afraid of the pinks because it is the real deal. Future brighter and brighter for URE - keep it up management!!!
Bullboard Posts