Ur-Energy Inc. reported operating and sales results for the first quarter of 2019. For the quarter, 22,551 pounds of U3O8 were captured within the Lost Creek plant, and 21,015 pounds of U3O8 were packaged in drums at the Lost Creek processing plant. No shipments of product were made to the conversion facility during the quarter. At March 31, 2019, inventory at the conversion facility was approximately 375,803 pounds U3O8.

During the quarter, sales totaled $4.8 million from 97,500 pounds sold.

The company provided operating guidance for the year 2019. In calendar year 2019, The company expects to produce between 75,000 and 100,000 pounds at Lost Creek and deliver a total of 500,000 pounds into term contracts at an average price of approximately $49 per pound. By quarter, remaining 2019 contractual sales are as follows: 100,000 pounds in Q2; 122,500 pounds in Q3; and 180,000 pounds in Q4.