Ur-Energy Inc. (NYSE American: URG), which runs in-situ recovery uranium operations in Wyoming, reported on November 9 that it captured 154,667 pounds of uranium in the third quarter of 2026. That total was 47.3 percent higher than the second quarter and 73.3 percent above the same period a year earlier. Pounds drummed fell 25.8 percent from the prior quarter to 104,586.
The company sold 190,000 pounds during the quarter, all under long-term contracts, at an average price of $64.95 per pound, producing about $12.3 million in product sales. Through nine months, sales reached 460,000 pounds, up 67.3 percent, at an average of $66.56 per pound. Cash cost per pound sold was $40.40 in the quarter. Sales of non-produced pounds led to a quarterly product loss of $969,000.
For the full year, Ur-Energy expects to sell about 700,000 pounds at an average near $67.00 per pound, for roughly $46.9 million in product revenue. During the quarter it deferred 300,000 pounds of deliveries to 2027 and 2029, and in October it moved another 300,000 pounds from late 2026 to 2029.
The Shirley Basin mine, which made its first shipment in August and operates as a satellite of the Lost Creek processing hub, captured 14,697 pounds in the quarter from 158 wells in a small part of its first mine unit. Additional header houses are planned for late 2026 and 2027. A 120-hole drilling program began at Lost Creek South in October, and a technical report for the Lost Soldier project is expected by year end.
"Ur-Energy has had another busy and productive quarter," said Chief Executive Officer Matt Gili.
Source: Ur-Energy Inc. (SEC Form 8-K, Exhibit 99.1) -- https://www.sec.gov/Archives/edgar/data/0001375205/000110465926124599/urg-ex99d1.htm