# Ur-Energy Reports Year-End 2025 Results and Announces Conference Call and Webcast Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas--d519a8aa-c5bc-4e61-99fa-b3d13743c68c Original source: https://money.tmx.com/en/quote/URE/news/4708558385824785/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas Publisher: tmx Original announcement: 2026-03-10T21:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Ur-Energy Inc. - Ticker: URE - Exchange: TSX - Region: Wyoming - Primary commodity: Uranium - Secondary commodities: None reported - Document categories: Production, Resource update, Capital raise, Drill results - Extracted: 2026-09-19 03:35:31 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Ur-Energy reported strong operational improvements at its Lost Creek ISR facility in 2025, with U3O8 drumming increasing by 65% to 410,440 pounds. The company also updated its mineral resource estimate for Lost Creek and Shirley Basin to 21.0 million pounds Measured and Indicated, and 10.4 million pounds Inferred U3O8, extending Lost Creek's mine life. Significant progress was made towards commissioning the Shirley Basin project, and exploration drilling at North Hadsell yielded encouraging results. Reasoning: The company reported strong operational improvements and production increases at Lost Creek, advanced its Shirley Basin project towards commissioning, and updated its resource base with significant Measured & Indicated pounds. Exploration also yielded positive results. While the company reported a net loss, the operational and resource growth signals strong future potential. - Positive factor: Significant increase in U3O8 production and drumming in 2025, indicating successful ramp-up at Lost Creek. - Positive factor: Updated mineral resource estimate for Lost Creek and Shirley Basin, adding 21.0 Mlb M&I and 10.4 Mlb Inferred U3O8. - Positive factor: Extension of Lost Creek mine life by nearly three years. - Positive factor: Shirley Basin project advancing significantly towards commissioning, providing a second ISR platform. - Positive factor: Successful capital raise through convertible notes and warrant exercises, strengthening financial position. - Positive factor: Positive exploration results at North Hadsell, indicating potential for ISR development. - Negative factor: Net loss for 2025 increased compared to 2024, despite production improvements. - Negative factor: Mark-to-market loss on financial instruments impacted overall profitability. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 16 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document explicitly states 'Our combined estimated mineral resources for Lost Creek and Shirley Basin are 21.0 million pounds in the Measured and Indicated categories, and 10.4 million pounds in the Inferred category at December 31, 2025.' Evidence · text > Our combined estimated mineral resources for Lost Creek and Shirley Basin are 21.0 million pounds in the Measured and Indicated categories, and 10.4 million pounds in the Inferred category at December 31, 2025. **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The Shirley Basin project is advancing towards commissioning and contributes to the combined resource, implying it's a new or significantly updated resource for this project. Evidence · text > Our combined estimated mineral resources for Lost Creek and Shirley Basin are 21.0 million pounds in the Measured and Indicated categories, and 10.4 million pounds in the Inferred category at December 31, 2025. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Lost Creek Report was prepared in accordance with Canadian National Instrument 43-101. Evidence · text > The independent Technical Report for the Lost Creek Property has been prepared for the Company under the supervision of Western Water Consultants, Inc., d/b/a WWC Engineering \("WWC"\), in accordance with Canadian National Instrument 43-101, "Standards of Disclosure for Mineral Projects" \(NI 43-101\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Qualified Persons at WWC have reviewed and approved the technical disclosure. Evidence · text > Qualified Persons at WWC have reviewed and approved the technical disclosure contained in this news release. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling at North Hadsell and LC South is described as exploration to reinforce long-term growth optionality and test for new mineralization. Evidence · text > Drilling is expected to transition from North Hadsell to the LC South Project in summer 2026, where a larger 120-hole program is planned, reinforcing the Company's longer-term growth pipeline near Lost Creek. ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas--d519a8aa-c5bc-4e61-99fa-b3d13743c68c#fact-resource-facts-8) Lost Creek and Shirley Basin · uranium #### Identity - Project: Lost Creek and Shirley Basin - Commodity: uranium - Region: wyoming - Reported Region: Wyoming - Ticker: URE #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: WWC - Resource group id: resource:af254f9d837e7ee7b359 #### Resource Data - Category: indicated - Tonnes: 9525439.8 - Grade: 0.00000231 - Grade Unit: % U3O8 - Contained Metal: 21000000 - Contained Unit: lb #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-10T00:00:00.000Z Reasoning: The updated combined resource estimate provides a strong foundation for future production and project development, with a substantial portion in higher confidence categories. - Positive factor: Significant Measured and Indicated resource base established for both projects. - Positive factor: Resource estimate is compliant with NI 43-101 and S-K 1300 standards. - Positive factor: QP signed off on the technical disclosure. Evidence · text > Our combined estimated mineral resources for Lost Creek and Shirley Basin are 21.0 million pounds in the Measured and Indicated categories #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas--d519a8aa-c5bc-4e61-99fa-b3d13743c68c#fact-resource-facts-9) Lost Creek and Shirley Basin · uranium #### Identity - Project: Lost Creek and Shirley Basin - Commodity: uranium - Region: wyoming - Reported Region: Wyoming - Ticker: URE #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: WWC - Resource group id: resource:f5a9ff60e1604f21f104 #### Resource Data - Category: inferred - Tonnes: 4717360.8 - Grade: 0.0000022 - Grade Unit: % U3O8 - Contained Metal: 10400000 - Contained Unit: lb #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-10T00:00:00.000Z Reasoning: The significant Inferred resource provides upside potential for future conversion to higher confidence categories through additional drilling. - Positive factor: Adds to the overall resource base, indicating future exploration potential. - Positive factor: Resource estimate is compliant with NI 43-101 and S-K 1300 standards. - Positive factor: QP signed off on the technical disclosure. Evidence · text > and 10.4 million pounds in the Inferred category at December 31, 2025. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas--d519a8aa-c5bc-4e61-99fa-b3d13743c68c#fact-resource-facts-10) Lost Creek Property · uranium #### Identity - Project: Lost Creek Property - Commodity: uranium - Region: wyoming - Reported Region: Wyoming - Ticker: URE #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: WWC - Resource group id: resource:9c4b59730a3a853188b7 #### Resource Data - Category: indicated - Tonnes: 5397756.8 - Grade: 0.0000022 - Grade Unit: % U3O8 - Contained Metal: 11900000 - Contained Unit: lb #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-10T00:00:00.000Z Reasoning: The updated resource estimate for Lost Creek confirms a robust and high-confidence resource base, supporting the extended mine life. - Positive factor: Substantial Measured and Indicated resource base at the Lost Creek Property. - Positive factor: Resource estimate is compliant with NI 43-101 and S-K 1300 standards. - Positive factor: QP signed off on the technical disclosure. Evidence · text > the mineral resource estimates for the Property reflect 11.9 million pounds in the Measured and Indicated categories #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas--d519a8aa-c5bc-4e61-99fa-b3d13743c68c#fact-resource-facts-11) Lost Creek Property · uranium #### Identity - Project: Lost Creek Property - Commodity: uranium - Region: wyoming - Reported Region: Wyoming - Ticker: URE #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: WWC - Resource group id: resource:652c9b608775a4c5ba8f #### Resource Data - Category: inferred - Tonnes: 4717360.8 - Grade: 0.0000022 - Grade Unit: % U3O8 - Contained Metal: 10400000 - Contained Unit: lb #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-10T00:00:00.000Z Reasoning: The Inferred resource at Lost Creek provides additional upside for resource growth and mine life extension. - Positive factor: Adds to the overall resource base, indicating future exploration potential at Lost Creek. - Positive factor: Resource estimate is compliant with NI 43-101 and S-K 1300 standards. - Positive factor: QP signed off on the technical disclosure. Evidence · text > and 10.4 million pounds in the Inferred category. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/ur-energy-reports-year-end-2025-results-and-announces-conference-call-and-webcas--d519a8aa-c5bc-4e61-99fa-b3d13743c68c#fact-resource-facts-15) North Hadsell · uranium #### Identity - Project: North Hadsell - Commodity: uranium - Region: wyoming - Reported Region: wyoming - Ticker: URE #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-10T00:00:00.000Z Reasoning: Early exploration results at North Hadsell are encouraging, suggesting the presence of economic uranium mineralization comparable to the company's operating mine. - Positive factor: Significant mineralization identified in exploration drilling. - Positive factor: Intercepts exceed the economic cut-off grade-thickness used at Lost Creek. - Positive factor: Indicates potential for ISR development and meaningful scale. Evidence · text > 32 of the planned 50 drill holes have been completed, returning significant mineralization, including 13 intercepts exceeding 0.20 grade-thickness \("GT"\), which is the cut-off GT the Company uses at Lost Creek to evaluate economic mineral resources. #### Tags used in scoring **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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## 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.