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 Jun 01, 2010 9:22pm

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Post# 17148778

RE: RE: $26 Million to build plant

I take any investor presentation with a grain of salt. As written, that number does not include well field construction, disposal well construction, mobile equipment (although they have much of that already) - so add that to their $26M claimed process plant CAPEX, then add thier overhead between now and production and I don't think they will have enough on hand. Their present burn rate is quite high. If they had $50M on hand I would much more comfortable. The completed Preliminary Assesment on their website (or maybe only SEDAR now) is a much more complete cost estimate for total CAPEX for year one.

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