{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Ur-Energy (AMEX:URG) - Ramping Up Uranium Production Poising for U.S. Uranium Market Growth","html":"","width":"100%","height":180,"duration":1495,"description":"Interview with John Cash, CEO of Ur-Energy Inc.Our previous interview: https://www.cruxinvestor.com/posts/ur-energy-amexurg-positioned-to-benefit-uranium-market-bull-run-5501Recording date: 7th November 2024Ur-Energy (AMEX:URG) is a U.S.-based uranium producer well-positioned to capitalize on the increasingly favorable outlook for nuclear power and rising demand for domestically sourced uranium. The company's flagship Lost Creek in-situ recovery (ISR) project in Wyoming is currently ramping up production towards its licensed capacity of 1.2 million pounds of U3O8 per year. Ur-Energy is also advancing its Shirley Basin ISR project, which is expected to come online in late 2025 or early 2026 and will boost the company's total production capacity to 2.2 million pounds per year.While the Lost Creek ramp-up has faced some challenges related to hiring experienced personnel and securing drill rigs, CEO John Cash emphasized in a recent interview that good progress is being made on these fronts. He also highlighted Ur-Energy's strong financial position, with $110 million of cash on hand, $33 million of expected revenues in Q4 2024, and no debt. This provides the company with ample resources to fund its growth initiatives.Looking ahead, Ur-Energy is focused on signing long-term uranium supply contracts with U.S. utilities at increasingly higher prices. Notably, about 50% of the company's licensed production capacity over the next six years is currently uncontracted, providing significant leverage to further gains in uranium prices. This is particularly important given that domestic U.S. uranium production is in very short supply, with only a handful of companies like Ur-Energy working to increase output. This dynamic bodes well for Ur-Energy's ability to command premium pricing in future contracts.On the political front, the Republican Party's victory in the recent midterm elections – including the return of President Trump to the White House – is seen as a positive...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}