UR-Energy reports Q2 production results
UR-Energy reported 65,257 pounds of U3O8 captured within the Lost Creek plant in Q2. 70,833 pounds of U3O8 were packaged in drums and 74,406 pounds of U3O8 drummed inventory were shipped out of the Lost Creek processing plant. At June 30, inventory at the conversion facility was approximately 160,094 pounds U3O8. Q2 sales totaled $11.8M on contract sales of 241,000 pounds at an average price of $48.95 per pound, which was 135% above the average spot price for the same period of $20.79 per pound. Drilling and other construction work to develop the first three header houses in Mine Unit 2 commenced in early April. This development work continues on schedule, with the first of these header houses anticipated to come online Q3. The second and third header houses will follow, with operations anticipated to commence for both in during Q4.