Ur Energy Inc is a uranium exploration and production company that focuses on the development and operation of uranium mining projects primarily in the United States
The company specializes in in-situ recovery (ISR) technology, a method that is considered environmentally friendly and efficient for extracting uranium from underground deposits. Ur Energy aims to provide a stable and sustainable supply of uranium to meet the growing global demand for nuclear energy, while prioritizing safety, environmental stewardship, and community engagement throughout its operations. Through its various projects, Ur Energy seeks to contribute to the future of clean energy and the transition away from fossil fuels.
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
Ur-Energy Inc. will build out its Shirley Basin mine in Wyoming, doubling its production capacity. This comes as uranium prices rise and demand for clean nuclear power grows.
U.S. stocks traded lower, with the Nasdaq Composite falling around 100 points on Thursday. Here are some big stocks recording gains in today’s session.
U.S. stocks traded mixed this morning, with the Nasdaq Composite dropping around 50 points on Tuesday. Following the market opening Tuesday, the Dow traded up 0.01% to 32,436.22 while the NASDAQ fell 0.52% to 11,707.41. The S&P 500, also fell, dropping, 0.21% to 3,969.06.
