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Ur-Energy Files S-K 1300 Initial Assessments for the Lost Creek ISR Uranium Property and the Shirley Basin ISR Uranium Project
LITTLETON, CO / ACCESSWIRE / March 9, 2022 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (t...
About this update from Ur-energy Inc.
[{"type":"text","content":"Ur-Energy Files S-K 1300 Initial Assessments for the Lost Creek ISR Uranium Property and the Shirley Basin ISR Uranium ProjectLITTLETON, CO / ACCESSWIRE / March 9, 2022 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (the \"Company\" or \"Ur-Energy\") is pleased to announce that it has filed S-K 1300 Initial Assessment Technical Report Summaries for its Lost Creek Property and Shirley Basin Project. The reports are filed as exhibits to the Company's Annual Report on Form 10-K, filed March 9, 2022, with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.shtml. Both reports were prepared by Qualified Person, Western Water Consultants, Inc., d/b/a WWC Engineering (\"WWC\").John Cash, Ur-Energy CEO, noted, \"We are very pleased that WWC has confirmed the ongoing viability of the operating Lost Creek Project and Property. We are also proud to report that the Shirley Basin Project continues to show excellent potential as our second operating project. With these two properties, we stand ready to quickly ramp-up and supply a domestically produced, clean energy solution to our customers and America's communities.\"Initial Assessment of Lost Creek ISR Uranium Property, Sweetwater County, Wyoming, USAWe filed an Initial Assessment Technical Report Summary on our Lost Creek Property, Sweetwater County, Wyoming, USA (the \"Lost Creek Report,\" March 7, 2022), which was prepared by WWC. The Lost Creek Report not only provides the most recent resource update, but also calculates the Property's economics assuming a near immediate restart of wellfield development activities and the subsequent ramp-up to a one million pound per year production rate.The mineral resource estimate for the property is 11.9 million pounds eU3O8 in the Measured and Indicated categories, and 6.6 million pounds eU3O8 in the Inferred category. Lost Creek has produced 2.7 million pounds U3O8 as of December 31, 2021. The mineral resource estimate was reduced to account for production to date. MeasuredIndicatedInferredProjectAvg Grade% eU3O8Short Tons(X 1000)Pounds(X 1000)Avg Grade% eU3O8Short Tons(X 1000)Pounds(X 1000)Avg Grade% eU3O8Short Tons (X 1000)Pounds(X 1000)LOSTCREEK0.0488,5728,1730.0483,4123,2950.0463,2613,013Production through 12/31/20210.048-2,849-2,735 LC EAST0.0521,3921,4490.0411,8911,5670.0422,9542,484LC NORTH----------------------------...