Commodities
Home›Commodities›Mining›Ur-Energy boosts Lost Creek yellowcake output and ship…
Ur-Energy boosts Lost Creek yellowcake output and shipments
In the second quarter, Ur-Energy produced 141,000 pounds of yellowcake at Lost Creek, shipped 150,000 pounds, and ended the quarter with $95.3 million in unrestricted cash.
Ur-Energy reported progress on its Lost Creek uranium ramp in its second quarter 2026 earnings call, saying production is moving from early promise toward commercial output. According to Yahoo Finance, the company drummed 141,000 pounds of yellowcake at Lost Creek in the quarter, a 47% increase versus the first quarter of 2026 and up 26% year over year.
Shipments rose 44% quarter over quarter to 150,000 pounds, and Ur-Energy sold 215,000 pounds under contract for $14.4 million in revenue. The company also reported holding its cash cost to $40.20 per pound and closing the quarter with $95.3 million in unrestricted cash, plus 348,000 pounds of finished inventory at its conversion facility.
A key operational milestone highlighted by Yahoo Finance is that Ur-Energy’s new sand filtration system installed at Lost Creek to address fine particles that were limiting flow rates had not yet been fully commissioned when the quarter’s production occurred, with commissioning expected to help sustain flow.
The company also pointed to Shirley Basin, a satellite operation designed to feed processed uranium back to Lost Creek. Yahoo Finance said Ur-Energy began capturing uranium there in the second quarter at 10,600 pounds under limited operations while waiting for state authorization, which arrived in late June, and by August had six of ten production columns online, while also noting some remaining infrastructure and production columns offline.