Thu, May 8, 9:08 PM (9 days ago)
**Ur-Energy Inc. (URG, URE) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue reported for Q1 2025 due to no sales. - **Net Loss:** $10.9 million, an improvement from $18.5 million in Q1 2024. - **Operating Costs:** $13.2 million, down from $15.1 million in Q1 2024. - **Cash Flow:** Positive operating cash flow of $2.8 million, offset by $3.8 million in investing activities, resulting in a net decrease in cash of $1.1 million. **Key Metrics:** - **Gross Loss:** $2.6 million, primarily due to cost of sales adjustments. - **Operating Loss:** $15.8 million, a slight improvement from $16.3 million in Q1 2024. - **Interest Income:** $867,000, up from $619,000 in Q1 2024. - **Mark-to-Market Gain:** $4.3 million, a significant improvement from a $2.8 million loss in Q1 2024. **Operational Highlights:** - **Lost Creek:** Increased production and flow rates, improved safety performance, and received final permitting for expansion. - **Shirley Basin:** Construction on track, with early 2026 startup expected. Hiring and training of staff ongoing. - **Inventory:** 403,827 pounds of U3O8 in inventory as of April 2025. **Trends and Uncertainties:** - **Market Conditions:** Uranium prices and demand remain volatile, with potential impacts from geopolitical factors and regulatory changes. - **Future Operations:** Focus on increasing production at Lost Creek and advancing Shirley Basin, with expected capital expenditures of $34 million in 2025. **Future Outlook:** - **Sales Projections:** 440,000 pounds of U3O8 projected for 2025, with expected revenues of $27.1 million. - **Liquidity:** $66.0 million in unrestricted cash as of May 2, 2025, with plans to fund operations through cash flow and existing resources. **Conclusion:** Ur-Energy continues to face operational and market challenges but shows signs of improvement in production and cost management. The company's focus on expanding production and advancing new projects positions it for potential growth in a volatile uranium market.