Ur-Energy Inc. Reports Operating and Sales Results for the First Quarter of 2019; Provides Operating Guidance for the Year 2019
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.