# Ur-Energy Reports Q1 2026 Results and Announces Conference Call and Webcast Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ur-energy-reports-q1-2026-results-and-announces-conference-call-and-webcast--e414fcb1-b9e6-4036-8265-39020846f0d9 Original source: https://money.tmx.com/en/quote/URE/news/6351586177248554/ur-energy-reports-q1-2026-results-and-announces-conference-call-and-webcast Publisher: tmx Original announcement: 2026-05-08T10:48:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Ur-Energy Inc. - Ticker: URE - Exchange: TSX - Region: Wyoming, United States - Primary commodity: Uranium - Secondary commodities: None reported - Document categories: Production, Drill results - Extracted: 2026-09-19 03:15:10 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Ur-Energy reported strong Q1 2026 results with a 41% increase in pounds captured at Lost Creek and a 13% decrease in cash cost per pound sold. The average sales price also increased by 12% to $70.98/lb. The company commenced operations at its second ISR facility, Shirley Basin, in April 2026, significantly expanding its production capacity, and reported promising exploration results at North Hadsell with 13 ore grade intercepts. Reasoning: Ur-Energy reported strong operational improvements at Lost Creek with increased pounds captured and lower production costs, coupled with a higher average sales price. The commencement of operations at Shirley Basin marks a significant expansion of production capacity. Exploration activities also show promising results with ore grade intercepts at North Hadsell. While pounds sold, drummed, and shipped were lower than the previous quarter, this was attributed to planned plant modifications and timing of deliveries. - Positive factor: Significant increase in pounds captured \(41% over Q4 2025, 48% over Q1 2025\) - Positive factor: Higher average sales price \($70.98/lb in Q1 2026, up 12% from Q4 2025\) - Positive factor: Lower cash cost per pound sold \($37.51/lb in Q1 2026, down 13% from Q4 2025\) - Positive factor: Commencement of operations at Shirley Basin, significantly expanding production capacity - Positive factor: Identification of ore grade intercepts at North Hadsell, indicating exploration success - Negative factor: Pounds sold decreased significantly \(-67% from Q4 2025\) - Negative factor: Pounds drummed and shipped decreased from Q4 2025 due to plant modifications and repairs Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 9 ## Classification and evidence **Production Increase** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Pounds captured increased by 41% over Q4 2025 and 48% over Q1 2025. Evidence · table > 110,314 Context: Pounds Captured **Cost Reduction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Cash cost per pound sold decreased by 13% to $37.51 in Q1 2026. Evidence · table > $37.51 Context: Cash Cost Per Lb. Sold **Price Improvement** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Average sales price increased by 12% to $70.98 per pound in Q1 2026. Evidence · table > $70.98 Context: Avg. Sales Price **Operational Expansion** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Operations commenced at the Shirley Basin ISR mining facility in April 2026, marking a major milestone and expanding production capacity. Evidence · text > We commenced operations at our second ISR mining facility in April 2026, reviving a historic uranium district. **Exploration Success** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Seven holes at North Hadsell returned significant mineralization, including 13 intercepts exceeding 0.20 GT. Evidence · text > Seven holes returned significant mineralization, including 13 intercepts exceeding 0.20 GT \(Grade \(%eU 3 O 8 \) times Thickness \(ft\)\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Pounds sold decreased by 67% from Q4 2025 to 55,000 pounds in Q1 2026. Evidence · table > 55,000 Context: Pounds Sold ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/ur-energy-reports-q1-2026-results-and-announces-conference-call-and-webcast--e414fcb1-b9e6-4036-8265-39020846f0d9#fact-drill-facts-8) North Hadsell · uranium Needs review: drill\_no\_hole\_id #### Identity - Project: North Hadsell - Commodity: uranium - Region: usa - Reported Region: usa - Ticker: URE #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Exploration at North Hadsell yielded promising results with multiple ore grade intercepts, indicating a stacked roll-front system amenable to ISR mining and resembling the successful Lost Creek mineralization. However, the lack of individual grade and thickness values limits detailed assessment. - Positive factor: Multiple ore grade intercepts identified - Positive factor: Resembles mineralization at Lost Creek, suggesting potential for similar ISR amenability - Positive factor: Stacked roll-front system with ISR-amenable depths - Negative factor: Specific grade and thickness values for individual intercepts are not provided, only a GT product threshold Evidence · text > Seven holes returned significant mineralization, including 13 intercepts exceeding 0.20 GT \(Grade \(%eU 3 O 8 \) times Thickness \(ft\)\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.