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Ur-Energy 2010 News Releases

Friday
Apr302010

Ur-Energy Reports First Quarter Results

Denver, Colorado (Marketwire – April 30, 2010) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) announces it has filed the Company’s Unaudited Interim Consolidated Financial Statements and Management’s Discussion & Analysis, for the period ended March 31, 2010, with Canadian securities authorities on SEDAR www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.  These filings may also be accessed on the Company’s website at www.ur-energy.com

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production while also planning and permitting a two-million-pounds-per-year in situ uranium processing facility. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado and its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com

 

FOR FURTHER INFORMATION, PLEASE CONTACT:            

Rich Boberg, Director PR/HR  

720-981-4588, ext. 238

866-981-4588, ext. 238

Click here to send Rich an email.

Bill Boberg, President and CEO

720-981-4588, ext. 223

866-981-4588, ext. 223

Click here to send Bill an email.

 

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; capital and other costs varying significantly from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.

 

Click here for PDF of this News Release

Tuesday
Apr062010

Ur-Energy Receives Draft Permit from Wyoming for UIC Class I Injection Wells and NRC Construction Authorization

 

 

Denver, Colorado (Market Wire – April 6, 2010) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG) is pleased to announce the receipt of two important permit documents for Ur-Energy’s Lost Creek in-situ recovery (ISR) uranium project in Wyoming.  Issuance of these documents demonstrates the progress being made to fully permit Ur-Energy’s wholly owned Lost Creek ISR project.

Ur-Energy has received its Draft Class I Underground Injection Control Permit (UIC Permit) from the Wyoming Department of Environmental Quality (WDEQ).  Once finalized, the UIC Permit will authorize Ur-Energy to drill, complete and operate up to five Class I non-hazardous waste disposal wells at the Lost Creek site.  The process which leads to the final issuance of the UIC Permit is expected to be completed in the second quarter of 2010.  The issuance of the UIC Permit is a significant step toward obtaining the full set of required licenses and permits for a uranium ISR project.  The UIC Permit as drafted by the WDEQ authorizes a sufficient number of wells and capacity to meet the anticipated disposal requirements for the life of the Lost Creek ISR project.

The State of Wyoming has been granted primacy by the Environmental Protection Agency (EPA) in the implementation of the provisions of the Safe Drinking Water Act.  Under the provisions of the primacy agreement the Lost Creek UIC Permit does not require final approval by the EPA.  Further, the Lost Creek Class I UIC application demonstrates that the natural water quality within the proposed receiving aquifer along with the underlying aquifers do not meet drinking water standards and consequently the proposed injection activity does not require an EPA issued aquifer exemption.

On April 5, 2010, the U.S. Nuclear Regulatory Agency (NRC) granted an exemption request to authorize certain construction activities at the Lost Creek ISR site in advance of the pending Source Material and Byproduct License decision.  Under NRC regulations, commencement of construction (with some limited exceptions) prior to license issuance is not permitted unless an exemption is granted.  The authorization from the NRC gives Ur-Energy the flexibility to proceed with the preparation and construction of site infrastructure and support facilities prior to the issuance of the primary NRC license needed for construction and operation of an ISR facility.  The NRC has prepared an Environmental Assessment (EA) in support of the exemption being granted.  On the basis of the EA, the NRC found that there are no significant environmental impacts from the proposed actions.  The Company is coordinating with other regulatory agencies to obtain additional approvals necessary to commence construction. 

Wayne Heili, Vice President of Mining & Engineering stated, “The authorization from the NRC and the Draft Permit from the WDEQ together illustrate the progress Ur-Energy is making in regard to permitting our flagship property, Lost Creek.  This progress reflects the coordinated efforts of Ur-Energy’s top-notch personnel along with the respective regulatory communities”.   

W. William Boberg, President and CEO, a Professional Geologist, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of and reviewed the technical information contained in this release.

 

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production while also planning and permitting a two-million-pounds-per-year in situ uranium processing facility. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado and its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.  

 

FOR FURTHER INFORMATION, PLEASE CONTACT:            

Rich Boberg, Director PR/HR  

720-981-4588, ext. 238

866-981-4588, ext. 238

Click here to send Rich an email.

Bill Boberg, President and CEO

720-981-4588, ext. 223

866-981-4588, ext. 223

Click here to send Bill an email.

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g. timetables at Lost Creek; sufficiency of cash to fund capital requirements; receipt of (and related timing of) an NRC Source Material License and WDEQ Permit to Mine and all other necessary permits and regulatory authority related to Lost Creek; procurement and construction plans, and the sustainability and timeline of Lost Creek production) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; capital and other costs varying significantly from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.

 

Click here for PDF of this News Release 

Monday
Mar222010

Ur-Energy Plans Additional Exploration on Targets within its LC South Project 

Denver, Colorado (Marketwire – March 22, 2010) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) is pleased to announce plans for its LC South project, which include a drilling program and the commissioning of a preliminary resource estimate prepared under National Instrument 43-101 (“NI 43-101”).

The LC South project is adjacent to the the Lost Creek Permit Area and the site of some of the exploration targets identified by Ur-Energy during 2009 as the result of in-depth in-house geologic evaluations.  The LC South project comprises 217 federal mining claims, or nearly 11,000 acres (approximately 4,450 hectares).  The Company now controls nearly 34,000 acres (approximately 13,800 hectares) in and around its Lost Creek project, including the Lost Creek Permit Area, LC North, LC South, EN and Toby projects.

In August 2009, the Company announced that in-house evaluations had identified multiple exploration targets demonstrating the potential to contain an additional 24 to 28 million pounds U3O8 (not NI 43-101 compliant) within properties controlled by the Company which include a portion of the current Lost Creek Permit Area and adjacent lands covered by the LC North and LC South projects.  The potential quantity identified in the earlier release and here remain conceptual in nature, as there has been insufficient exploration to define a mineral resource as to all of the potential identified. (See Ur-Energy News Release of August 12, 2009.)  The newly identified fronts occur within the same stratigraphic horizons that are mineralized within the area of the Lost Creek deposit.  Estimation of the potential of the new roll fronts is based on the observed similarity of alteration characteristics, grade and thickness of mineralization to that currently under development at Lost Creek.

The Company will carry out aggressive exploration on the newly identified targets on the Ur-Energy properties adjacent to Lost Creek and will begin a 200-hole drill program on LC South in July 2010.  Initial planning of the program is in process and baseline studies and other work leading to necessary permits are underway.  While it is estimated that as many as 2,000 to 3,000 drill holes will be required over the course of several years to fully evaluate the various new exploration targets in LC South as well as LC North and areas within the Lost Creek Permit Area, the Company is pleased to commence its work on this first drill program.

In addition, the Company will commission an independent NI 43-101 study to further evaluate selected portions of the roll fronts and exploration targets previously identified with the objective to report on inferred resources within the LC South Project area.  The NI 43-101 report will be based upon existing data from approximately 60 mineralized drill holes on the LC South property.  It is expected that the NI 43-101 report may be completed in second quarter 2010.

Bill Boberg, President & CEO stated “The ability to define additional resources adjacent to the Lost Creek project has always been one of the strengths of the project.  We have used our extensive historic drill hole database in the region to define the locations of roll fronts in various stratigraphic horizons and now we can use the data which demonstrates significant mineralization to define a compliant resource within some of our targeted areas of new potential.  Additional minable resources adjacent to the Lost Creek project will extend the life of the Lost Creek Central Processing Plant.”

W. William Boberg, President and CEO, a Professional Geologist, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of and reviewed the technical information contained in this release.

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production while also planning and permitting a two-million-pounds-per-year in situ uranium processing facility. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG.” Ur-Energy’s corporate office is located in Littleton, Colorado and its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.  

FOR FURTHER INFORMATION, PLEASE CONTACT:            

Rich Boberg, Director PR/HR  

720-981-4588, ext. 238

866-981-4588, ext. 238

Click here to send Rich an email.

Bill Boberg, President and CEO

720-981-4588, ext. 223

866-981-4588, ext. 223

Click here to send Bill an email.

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g. the timing, completion and results of the exploration programs at LC South; the ability to convert potential of the exploration targets to inferred resources;  the timing of completion and results of a resource estimate at LC South; whether additional resources will extend the life of mine at Lost Creek) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Note that the potential quantity and grade ranges described with regard to the new exploration targets are conceptual in nature. There has been insufficient exploration to define a mineral resource.  It is uncertain if further exploration will result in any or all of the targets being delineated as a mineral resource. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; capital and other costs varying significantly from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.

Wednesday
Mar172010

Ur-Energy Successfully Completes Delineation of Lost Creek Mine Unit #2

Denver, Colorado (Market Wire – March 17, 2010) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG) is pleased to announce that the 2009/2010 delineation drilling program at Ur-Energy’s Lost Creek in-situ uranium project in Wyoming has exceeded expectations.  More than sufficient uranium resource has been identified to ensure continuous production after start up.

The 2009/2010 drill program was focused on delineating a second production well field (Mine Unit #2) in the HJ horizon, the primary resource unit at Lost Creek.  During the eight month program from July 2009 through February 2010, 298 holes totaling 213,040 feet (64,935 meters) of delineation and monitor well drilling were completed.  To date, Ur-Energy has completed 1048 drill holes totaling 690,828 feet (210,567 meters) on its Lost Creek property.

The HJ horizon within Mine Unit #2 contains several mineralized horizons or roll fronts.  GT’s (grade X thickness) are comparable with the property as a whole with ore intercepts in the range of 0.30 to 1.84.  The average thickness of individual mineralized roll fronts in the HJ horizon is 12.3 feet (3.8 meters).

The 2009/2010 program included the installation of 21 wells for monitor and pump test data collection of the underlying mineralized KM horizon.  The current applications being reviewed by the federal and state regulatory agencies are to permit production for the Lost Creek deposit only from the HJ horizon.  The monitor well and pump test data are necessary for inclusion in the permit amendment application, which is under preparation, to mine the KM horizon. 

Steve Hatten, Engineering Manager, commented “We now have more than the first three years of uranium production blocked out as recoverable pounds for detailed engineering of the first two well fields.  This gives us a head start on development plans for laying out production and injection well patterns, pipelines, header houses and associated infrastructure.”

The Lost Creek processing plant is designed to produce two million pound per year.  One million pounds of uranium will be coming directly from mine units at Lost Creek and an additional one million pounds of capacity will be available for uranium bearing resins delivered from satellite mines in the region.  Plant construction is estimated to take six months with long lead-time items already ordered and being fabricated.

Ur-Energy’s objective is to delineate and maintain three mine units ahead of permitting and production at all times.  Each mine unit is being designed to address 1 to 2 million pounds of recoverable U3O8.  A major drilling program is planned in the last half of 2010 to delineate Mine Unit #3. 

Bill Boberg, CEO & President stated “I am proud of our Lost Creek team and their efforts in preparing the detailed mining plans so that when all the permits are approved we can rapidly and efficiently move forward with development and production including completing the hiring and  training of the mine work staff.”

W. William Boberg, President and CEO, a Professional Geologist, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of and reviewed the technical information contained in this release.

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production while also planning and permitting a two-million-pounds-per-year in situ uranium processing facility. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado and its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.  

FOR FURTHER INFORMATION, PLEASE CONTACT:            

Rich Boberg, Director PR/HR  

720-981-4588, ext. 238

866-981-4588, ext. 238

Click here to send Rich an email.

Bill Boberg, President and CEO

720-981-4588, ext. 223

866-981-4588, ext. 223

Click here to send Bill an email.

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g. timetables at Lost Creek; sufficiency of cash to fund capital requirements; receipt of (and related timing of) an NRC Source Material License and WDEQ Permit to Mine and all other necessary permits and regulatory authority related to Lost Creek; procurement and construction plans, and the sustainability and timeline of Lost Creek production) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; capital and other costs varying significantly from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.

 

Click here for PDF of this News Release

Monday
Mar152010

Ur-Energy Reports Financial Results and Announces Year-End Teleconference and Webcast to be Held on March 18, 2010

Denver, Colorado (Marketwire – March 15, 2010) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) announces it has filed the Company’s Annual Report on Form 20-F (Annual Information Form), Audited Consolidated Financial Statements, and Management’s Discussion & Analysis, all for the year ended December 31, 2009, with Canadian securities authorities on SEDAR www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.  These filings may also be accessed on the Company’s website at www.ur-energy.com.  Shareholders of the Company may receive a hard copy of the audited financial statements, free of charge, upon request to the Company.

Ur-Energy also will hold a teleconference and webcast on Thursday, March, 18, 2010 at 11:00 a.m. Eastern Time.  The Ur-Energy management team will review the fourth quarter and year-end 2009 periods, and provide an update on the Company’s operations, corporate strategy and outlook.  A Q&A session will follow management’s presentation.  Ur-Energy’s webcast and teleconference can be accessed approximately 10 minutes prior to the webcast/teleconference at the following numbers:

US/Canada:                        877-407-8033

International:                    201-689-8033                               

A link to the live webcast will be available on the Homepage or under NEWS/WEBCASTS at the Company’s website at www.ur-energy.com or at www.InvestorCalendar.com.  Participants should go to the website link 10-15 minutes prior to the scheduled conference in order to register and download any necessary audiovisual software. 

If you are unable to join the call, a replay will be available approximately three hours after the conclusion of the teleconference until March 30, 2010.  To access the replay, dial 877-660-6853 (Toll Free) or 201-612-7415 (International) and enter Account Number: 286 and Conference ID Number: 346623. 

Following the webcast, the audio of the webcast will be archived on the Company’s website www.ur-energy.com

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production while also planning and permitting a two-million-pounds-per-year in situ uranium processing facility. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado and its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com

FOR FURTHER INFORMATION, PLEASE CONTACT:            

Rich Boberg, Director PR/HR  

720-981-4588, ext. 238

866-981-4588, ext. 238

Click here to send Rich an email.

Bill Boberg, President and CEO

720-981-4588, ext. 223

866-981-4588, ext. 223

Click here to send Bill an email.

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; capital and other costs varying significantly from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future. 

 

Click here for PDF of this News Release