---
title: "Ur-Energy outlines $25.5M Shirley Basin 2026 capex as it targets commercial production this summer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285987003.md"
description: "Ur-Energy (URG) has outlined a $25.5 million capital expenditure plan for its Shirley Basin project, targeting commercial production this summer. In Q1 2026, the company reported operational successes, including capturing 110,000 pounds of uranium and reducing cash costs to $37.5 per pound. They spent approximately $11 million of the planned CapEx in the first quarter. The company aims to optimize operations at Lost Creek and fulfill its uranium sales commitments. Ur-Energy ended the quarter with $123 million in unrestricted cash and an average sales price of $71 per pound."
datetime: "2026-05-11T19:51:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285987003.md)
  - [en](https://longbridge.com/en/news/285987003.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285987003.md)
---

# Ur-Energy outlines $25.5M Shirley Basin 2026 capex as it targets commercial production this summer

Earnings Call Insights: Ur-Energy (URG) Q1 2026 Management View "The first quarter of 2026 brought several meaningful operational wins as we continue executing on our uranium production growth strategy." (President, CEO & Director Matthew Gili) "We captured 110,000 pounds on resin during the first quarter... We dried and packaged 96,000 pounds duri...

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