Ur-Energy stock: Q3 sales rise as Shirley Basin ramps up

Published on 11/15/2026 at 13:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ur-Energy stock sales rose 67.3% year to date through Q3. Shirley Basin began ramping toward commercial production.

Q3 results and production ramp

Ur-Energy sold 460,000 pounds of uranium through the first three quarters, up 67.3% year over year.
Shirley Basin made its first uranium shipment to Lost Creek and began ramping toward commercial production.
The company expects a technical report for Lost Soldier by year-end 2026.

URA, CA91688R1082, Illustration mit AI erstellt.

Ur-Energy reported its third-quarter 2026 results on November 9, with higher uranium sales and continued development at its Wyoming operations. In its press release, the company said it sold 190,000 pounds of U₃O₈ for $12.3 million during the quarter ended September 30.

Sales and output gains

Ur-Energy sold 460,000 pounds during the first three quarters of 2026, 67.3% more than in the year-earlier period. Captured production rose 26.4% to 369,997 pounds, while the cash cost per sold pound for the first nine months fell 7.6% to $39.56.

Quarterly captured production increased 47.3% from the second quarter to 154,667 pounds. Pounds drummed at Lost Creek fell 25.8% quarter over quarter to 104,586, as the company worked on feed and wastewater treatment upgrades while expanding operations at Shirley Basin.

Wyoming expansion continues

Shirley Basin made its first shipment of uranium to the Lost Creek processing facility in August. Ur-Energy said the mine began full operations and a ramp toward commercial production, with additional header houses planned for the fourth quarter of 2026 and 2027.

At Lost Creek, a sand filtration system was brought online to increase flow rates. A wastewater treatment facility is expected to operate in the second quarter of 2027, while production from Mine Unit 5 is targeted for the first quarter of 2027 subject to regulatory approval.

The company also started a 120-hole exploration program at Lost Creek South. At Lost Soldier, Ur-Energy is advancing a technical report expected by year-end 2026 ahead of a potential construction decision in 2027.

Contract deliveries and outlook

Ur-Energy said it expects to sell 700,000 pounds of uranium in 2026 at an average price of about $67 per pound, implying product sales revenue of approximately $46.9 million. The company deferred deliveries of 300,000 pounds from the fourth quarter of 2026 to 2029 and had previously deferred deliveries to 2027 and 2029 to support the production ramp.