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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

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Post by Lafrance5on Jan 29, 2013 12:36pm
210 Views
Post# 20906259

Provides Update on its Lost Creek ISR Uranium Mine

Provides Update on its Lost Creek ISR Uranium Mine
Ur-Energy Provides Update on its Lost Creek ISR Uranium Mine Project
Ur-Energy Inc. URE
1/29/2013 11:53:00 AM
Ur-Energy Provides Update on its Lost Creek ISR Uranium Mine Project

LITTLETON, Colo., Jan. 29, 2013 /CNW/ - Ur-Energy Inc. (TSX:URE, NYSE MKT:URG) ("Ur-Energy" or the "Company") provides the following update on construction at its Lost Creek Project and the legal proceeding filed in November seeking review of the BLM's Record of Decision (see Ur-Energy News Release, December 4, 2012).

(Logo: https://photos.prnewswire.com/prnh/20110913/LA67628LOGO)

Construction continues to advance at the Lost Creek Project, with power and roads completed to the construction site. All footings, walls and pillars are complete within the foundation of the plant building and additional work on the plant pad is continuing. Wellfield construction is progressing as planned, with work continuing to case and complete the initial production wells. Subsurface engineering work is nearing completion on both deep disposal wells drilled to date.

Steve Hatten, Vice President Operations, noted, "We are very pleased with the continued on-plan progression of construction at the Lost Creek site. I am very proud of our team's thorough advance planning, which now is allowing construction to proceed smoothly on all fronts."

In the legal proceeding pending in U.S. District Court, the Company has been granted status as a party, and filed its opposition to a motion for preliminary injunction filed by the petitioner. The State of Wyoming, also granted status as a party to the proceeding, has submitted its brief opposing the preliminary injunction. The BLM had previously filed its opposition. The motion awaits the Court's decision.

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