Ur-Energy Releases 2023 Q2 Results and Announces Second Quarter Earnings Webcast / Teleconference To Be Held August 15, 2023

About this update from Ur-energy Inc.

[{"type":"text","content":"Ur-Energy Releases 2023 Q2 Results and Announces Second Quarter Earnings Webcast / Teleconference To Be Held August 15, 2023LITTLETON, CO / ACCESSWIRE / August 7, 2023 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the \"Company\" or \"Ur-Energy\") has filed the Company's Form 10-Q for the quarter ended June 30, 2023, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities at www.sedar.com.Ur-Energy CEO, John Cash said, \"This was an exciting quarter with our Lost Creek Project moving back into commercial production. Despite significant challenges in recruitment of personnel and contractors, and the worst Wyoming winter on record, we are proud to say we began producing U3O8 again to build inventory for delivery into our three sales contracts. Congratulations and a genuine thank you to each of our team members whose Wyoming cowboy-up spirit of perseverance has made the ongoing ramp-up possible.\"Demand for nuclear energy continues to expand as nations seek to lower carbon emissions and foster security through energy independence. While the demand for nuclear fuel grows, risk in the supply chain is escalating as evidenced by the war in Ukraine, transportation issues for Kazakh uranium and Russian LEU exports, the recent coup in Niger, and a lack of any significant new mine production in the near-term.\"Our strategy to take advantage of the improving market is simple: continue growing our long-term sales book as the market continues to improve, ramp-up production at Lost Creek and, ultimately, at Shirley Basin. We will also continue to consider acquisition opportunities to increase our production portfolio but will remain disciplined by only seeking to acquire, or organically develop, quality, producible, projects.Financial ResultsAs of June 30, 2023, we had cash resources consisting of cash and cash equivalents of $68.0 million, an increase of $35.0 million from the December 31, 2022 balance of $33.0 million. During the six months ended June 30, 2023, we used $5.1 million for operating activities, used $1.2 million for investing activities, and generated $41.3 million from financing activities, which included net proceeds of $44.0 million from share issuances less $2.7 million Wyoming bond loan principal payment.In the first six months of 2023, we sold 100,000 pounds to ...

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