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.

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Ur-Energy Inc

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Comment by Ulvetanaon Mar 25, 2010 11:31pm

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Post# 16926422

RE: RE: RE: Does Any1 know the annual production

Exactly. If you go through the sensitivities on the economic analysis, they are in the red at a $60/lb uranium sales price. They promote their project's economics on the basis of $80/lb uranium. Based on what I have seen in other projects, $65/lb uranium is the real threshold that is needed for North American ISR development to be marginally profitable.

There are a large number of ISR mines that have been devloped over the years that have not been profitable. Ask Uranium Resources, operating in Texas, for a current example or two.

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