UR-Energy Inc (TSE:URE) has released an update.
Ur-Energy Inc. reported a successful 2023 with $17.3 million in revenue and strategic advancements in its Lost Creek operations, including the recommencement of commercial production and the shipment of uranium. The company secured two new uranium sales agreements, extending its contract book through 2030, and plans to capitalize on the strong spot market while focusing on long-term, profitable contracts. Financially, Ur-Energy increased its cash resources to $59.7 million, a significant rise from the previous year, ensuring a robust financial position for future operations.
For further insights into TSE:URE stock, check out TipRanks’ Stock Analysis page.
