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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
Comment by dbeaudeon Jun 12, 2013 7:49pm
98 Views
Post# 21517615

RE: up almost 6%

RE: up almost 6%

And all this great performance today in a poor overall market. You are correct that the volume is very good and the gap between URZ and URE is very narrow now and I would not be surprized to see URE pass URZ as URE is a lower cost operator which important in a poor commodity price market. I sure hope that the commdity price begins a steady uptrend soon. Bruce Campbell yesterday on BNN thought it would not begin an uptrend for another two years, but that seems a little long to me. I think a catalyst for the uranium price would be a confirmation announcement from Russia of the discontinuance of the HEU agreement with no replacement alternative. There is already a big shortfall between mined U3O8 and that supplied from secondary means like the HEU etc. Another catalysts would be the Wyoming state bond release, NRC inspection a success, the finalization of the Areva acquisition and of course the commence of production.

Bullboard Posts