Wedoany.com Report on Feb 12th, At a critical juncture for US nuclear fuel supply, Ur-Energy is advancing its multi-asset uranium production strategy in Wyoming to bolster domestic supply capacity. The United States consumes approximately 50 million pounds of U3O8 annually, yet domestic production stands at only 2-3 million pounds. As one of the few operational US uranium producers, the company holds a strategic position. In December 2025, the company completed construction at Shirley Basin through a $120 million financing round and retains additional development options.
Lost Creek is Ur-Energy's primary production hub, targeting a production record in Q4 2026. The facility utilizes in-situ recovery (ISR) mining technology with a recovery rate exceeding 80%, producing high-quality uranium products for the US market. The company's leadership is headed by Matthew Gili, who assumed his role on June 30, 2025. He brings extensive mining operations experience, and while new to the uranium industry, he emphasizes the company's strengths lie in its actual production capability and expert team.
Shirley Basin, as the second ISR operation, is nearing production and is designed as a satellite facility to Lost Creek. The basin holds an estimated resource of around 9 million pounds. The company anticipates beginning to process uranium-bearing solutions in Q1 2026 and initiating yellowcake production in Q2 2026. Concurrently, the Lost Soldier project is the next potential development option, with the company planning to release a Preliminary Economic Assessment in Q3 or Q4 2026 to evaluate its ISR viability.
Ur-Energy's contract strategy balances revenue certainty with market participation. Its forecasted 2026 production is fully contracted, approximately 70% of 2027 production is contracted, with declining percentages in subsequent years. New agreements combine fixed-price and market-related pricing, with fixed-price terms in the $80s per pound. As US uranium demand grows and the domestic supply gap widens, the company, with its operational assets and expansion plans, is well-positioned within the US uranium production landscape.
