---
title: "Ur-Energy Reports $3.9M Q1 Revenue, Production Ramp at Lost Creek and Shirley Basin Start"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285921351.md"
description: "Ur-Energy reported Q1 2026 revenue of $3.9 million from 55,000 pounds of U3O8 sold at an average price of $70.98 per pound. The company achieved a U3O8 product profit of $1.217 million and had unrestricted cash of $122.8 million as of March 31, 2026. Production at Lost Creek improved, with 110,314 pounds captured, while initial operations at Shirley Basin began in April 2026. The company plans further optimizations and exploration activities, including a drill program at LC South this summer."
datetime: "2026-05-11T10:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285921351.md)
  - [en](https://longbridge.com/en/news/285921351.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285921351.md)
---

# Ur-Energy Reports $3.9M Q1 Revenue, Production Ramp at Lost Creek and Shirley Basin Start

Ur-Energy reported revenue of $3.9 million for Q1 2026 driven by 55,000 pounds of U3O8 sold at an average price of $70.98 per pound. The company recorded a U3O8 product profit (produced) of $1.217 million for the quarter and reported unrestricted cash of $122.8 million at March 31, 2026 ( $107.5 million at April 30). Operationally, Lost Creek production improved and Shirley Basin commenced initial operations in April 2026.

**Financial Highlights**

-   Revenue: $3.9 million in Q1 2026 from 55,000 produced pounds of U3O8 sold at an average price of $70.98 per pound.
-   U3O8 product profit (produced): $1.217 million for Q1 2026 (as presented in product P&L table).
-   U3O8 price improvement: Average sales price up to $70.98 in Q1 2026, $7.78 higher than Q4 2025.
-   Cash position: Unrestricted cash and cash equivalents of $122.8 million at March 31, 2026; $107.5 million as of April 30, 2026.

**Business Highlights**

-   Lost Creek ramp-up: Pounds captured increased to 110,314 in Q1 2026 (up 41% vs. Q4 2025) following plant modifications and repairs; drummed 95,599 pounds and shipped 103,956 pounds in the quarter.
-   Processing optimizations: Sand filtration system expected online in Q2 2026 and ongoing initiatives to improve flow rates and fine-particle management, plus water treatment development to reduce wastewater.
-   Shirley Basin start-up: Initial operations commenced April 2026 with uranium-bearing solution captured on resin; first shipments of uranium-loaded resin to Lost Creek expected this summer, subject to final regulatory approval.
-   Exploration progress: North Hadsell identified 13 ore-grade intercepts; aquifer testing started at Lost Soldier in April 2026; a ~120-hole drill program planned at LC South for summer 2026.
-   Inventory and capacity: Finished conversion facility inventory at quarter-end was 417,231 pounds; combined licensed annual production and toll processing capacity for Lost Creek and Shirley Basin totals 4.2 million pounds U3O8.

Original SEC Filing: UR-ENERGY INC \[ URG \] - 8-K - May. 11, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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