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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 lilswedeon Feb 24, 2010 8:53am
264 Views
Post# 16813932

uranium $ down again

uranium $ down again

Spot Uranium Remains Under Downward Pressure

By Rudi Filapek-Vandyck

Spot uranium prices continue their descent as buyers seem in no hurry and with sellers offering ever more aggressive price cuts to get deals done. The past week, ending Friday, saw a few deals being concluded, but also a further cut to TradeTech's weekly price benchmark.

TradeTech's spot price indicator has now fallen to US$41.75/lb, US25c lower than at the end of the previous week.

The industry consultant remains adamant in its market assessment: buyers are under no pressure to buy, and thus the willingness by sellers to get rid of their product at ever lower prices continues to dominate the market at this stage.

TradeTech's mid-term price indicator has remained unchanged at US$50/lb, its longer term price indicator has remained unchanged at US$60/lb.

Bullboard Posts