UR-Energy reports Q3 operational results
UR-Energy reports that in Q3, 141,774 pounds of U3O8 were captured within the Lost Creek plant. 145,893 pounds of U3O8 were packaged in drums and 149,540 pounds of drummed U3O8 inventory were shipped out of the Lost Creek processing plant. During Q3, sales totaled $9.5M with contract sales of 200,000 pounds at an average price of $47.36 per pound. The company will also recognize $2.6M of deferred revenue from the first half of the assignment transaction that was completed in Q1. The second half will be recognized in Q4. Production rates at Lost Creek during the quarter were within the projected level of 140K-170K dried and drummed pounds. The final general authorization for the Class V water treatment system was received during the quarter. UR-Energy expects operation of the Class V system to commence during Q4.