Ur-Energy Inc. Reports Operational Results for Fourth Quarter and Year-Ended December 31, 2018; Reports Sales Results for the Year 2018; Provides Production Guidance for the Year 2019
For the year to date, 302,200 pounds of U3O8 were captured within the Lost Creek plant; 286,400 pounds U3O8 were packaged in dried and drummed.
In 2018, sales totaled $23.5 million from 480,000 pounds sold. A total of 10,000 pounds were sold from Lost Creek production.
In 2019, The company expects to deliver 500,000 pounds into the company term contracts at an average price of approximately $49 per pound. Gross profits are expected to generate approximately $11.5 million from the sale of purchased product. 97,500 pounds are scheduled to be sold in First Quarter 2019.