Ur Energy Reports Year-End 2025 Results and Announces Conference Call and Webcast

Company sees strong production growth, advances Shirley Basin project, and expands exploration programs

Mar. 10, 2026 at 9:38pm

Got story updates? Submit your updates here. ›

Ur-Energy Inc., a U.S. producer of uranium, has reported its year-end 2025 results, highlighting a 65% increase in pounds of U3O8 drummed, continued ramp-up at the Lost Creek ISR facility, significant progress on the Shirley Basin project, and expanded exploration programs to advance its development pipeline.

Why it matters

Ur-Energy's strong operational execution and progress on its key projects position the company for continued production growth and long-term value creation in the uranium market. The company's ability to increase production, extend mine life, and advance new projects demonstrates its technical expertise and financial strength.

The details

At Lost Creek, Ur-Energy drummed 410,440 pounds of U3O8 in 2025, up 65% from 2024, and continued to improve wellfield and plant operations. The company also made significant progress on the Shirley Basin project, with wellfield development and plant construction advancing, and pending regulatory approvals to commence initial injection and recovery. Ur-Energy also expanded its exploration programs, including at the Lost Soldier project and the North Hadsell and LC South areas, to further grow its resource base and development pipeline.

  • In 2025, Ur-Energy added four header houses in Mine Unit 2 at Lost Creek and increased average flow rates by 69%.
  • In 2026, Ur-Energy plans to continue its focus on plant optimization and improving flow rates at Lost Creek.
  • At Shirley Basin, pending approvals from the Wyoming Department of Environmental Quality, Header House 1-1 is ready to be brought online to commence initial injection and recovery from the wellfield in 2026.
  • Drilling at the North Hadsell project in the Great Divide Basin has returned significant uranium mineralization, with plans to transition to the LC South project for a 120-hole program in summer 2026.
  • Aquifer testing is scheduled to begin at the Lost Soldier project in March 2026, followed by baseline environmental studies.

The players

Ur-Energy Inc.

A U.S. producer of uranium and the operator of the Lost Creek ISR facility and the Shirley Basin project in Wyoming.

Matt Gili

President and CEO of Ur-Energy.

Wyoming Department of Environmental Quality (WDEQ)

The state regulatory agency that oversees Ur-Energy's operations and provides approvals for the Shirley Basin project.

Got photos? Submit your photos here. ›

What they’re saying

“2025 reflected strong execution across our operating and development portfolio. At Lost Creek, we delivered meaningful year-over-year improvements in production, throughput, and operating performance while continuing to expand our resources and extend mine life. At the same time, we advanced Shirley Basin toward commissioning, with significant construction complete, drilling well advanced, and a talented team in place. With two ISR platforms, a growing resource base at Lost Creek, and a robust exploration pipeline in the Great Divide Basin, we are well positioned to drive production growth and long-term value in 2026 and beyond.”

— Matt Gili, President and CEO

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Ur-Energy's strong operational and financial performance, combined with its progress on key projects and exploration programs, demonstrates the company's ability to drive sustainable growth and value creation in the uranium market.