Ur-Energy sells 165,000 pounds of U3O8 in Q2

The company said, “During the second quarter of 2025, we dried and packaged 112,033 pounds of U3O8, representing a 35% increase over the first quarter of 2025; An eighth uranium sales contract was executed, for delivery of 100,000 pounds U3O8 per year in 2028, 2029 and 2030. Pricing is at an escalated fixed price, well above current spot and term prices; Drummed inventory at the conversion facility as of July 31, 2025 was 351,148 pounds; We sold 165,000 pounds of U3O8 in 2025 Q2, generating gross profits $1.9 million; The cost per produced pound sold decreased from $62.06 in Q4 2024 to $50.89 in Q2 2025; On a cash basis, the U3O8 profit per produced pound sold was $22.99, representing a cash profit margin of approximately 36% in Q2 2025 as compared to 19% in Q4 2024. During the six months ended June 30, 2025, we used $9.3 million for operating activities, $8.9 million for investing activities, and $0.1 million for financing activities. As of June 30, 2025, we had cash and cash equivalents of $57.6 million, a decrease of $18.5 million from the $76.1 million balance on December 31, 2024. Cash position as of July 31, 2025, was $49.1 million.” Ur-Energy (URG) President, Matthew Gili, commented: “The ramp up at Lost Creek continues, with significant increases in the quantities of U3O8 both captured and drummed in the quarter. Importantly, cash costs were $42.83 per pound sold, well below our average selling price in Q2 of $63.20 per pound. As mine construction at our Shirley Basin Project progresses, and we commence our 2025 exploration program in the Great Divide Basin, this year is laying the foundation for the next phase of growth for Ur-Energy.”