Ur-Energy Inc. announced two new Uranium Sales Agreements. In February, the company made first shipment of U3O8 to the conversion facility since returning to commercial production. It was 75th shipment from Lost Creek.

The company have recently completed two additional sales agreements, strengthening its sales contract book through 2030. "As the uranium market evolves toward supply from secure jurisdictions, the company continue to see a significant number of requests for proposals from global fuel buyers. The company's objective with the ramp up of production from Lost Creek, and ultimately from Shirley Basin, is to continue signing well-priced, long-term contracts that provide strong profit margins for many years to come.

As the spot and term prices of uranium enjoyed sustained increases in the latter part of 2023, the company saw a dramatic increase in request for proposals ("RFPs") for uranium sales from U.S., European and Asian utilities, and other global fuel buyers. The company have responded to the RFPs with increasing prices commensurate with improvements in the market and recognizing the premium paid for North American production due to its geopolitical stability. The company recently signed fourth agreement calling for deliveries of a base annual quantity ranging from 100,000 to 350,000 pounds U3O8 from 2026 through 2030.

The purchaser may flex the annual quantity up or down by as much as 10 percent. This agreement provides in part for market-related pricing. Additionally, the company have signed fifth U3O8 sales agreement which includes delivery commitments for five years beginning in 2026, with an initial delivery of 50,000 pounds U3 O8 in 2026.

In each of 2027 through 2030, the company will sell 200,000 pounds U3O 8 annually under this agreement. All sales will be made at fixed prices, escalated from the base agreed price. As well, multiple nations as well as global nuclear fuel purchasers are recognizing the stability and security of North American uranium for nuclear energy.