UR-ENERGY INC URG
Incorporated on March 22, 2004, we are engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the U.S. Through our Wyoming operating subsidiary, Lost Creek ISR, LLC, we began operation of our first in situ recovery uranium facility at our Lost Creek Project in 2013. Ur-Energy is a corporation continued under the Canada Business Corporations Act on August 8, 2006. Our common shares are listed on the NYSE American under the symbol "URG" and on the TSX under the symbol "URE."
We are an "exploration stage issuer," as that term is defined under S-K 1300, because we have not established proven or probable mineral reserves through the completion of a pre-feasibility or feasibility study for any of our uranium projects. As a result, and even though we commenced recovery of uranium at our Lost Creek Project in 2013, we remain classified as an exploration stage issuer and will continue to remain an exploration stage issuer until such time as proven or probable mineral reserves have been established.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.2M | $33.7M | $17.7M | $19.0K | $16.0K | $8.3M | $32.3M | $23.5M | $38.4M | $27.3M |
| Cost of revenue | $27.1M | $42.7M | $19.4M | $6.9M | $7.0M | $13.0M | $30.3M | $12.2M | $24.4M | $15.8M |
| Gross profit | $74.0K | -$9.0M | -$1.7M | -$6.8M | -$7.0M | -$4.7M | $2.0M | $11.3M | $14.0M | $11.5M |
| SG&A | $8.9M | $8.0M | $6.2M | $6.0M | $5.3M | $5.2M | $5.8M | $5.4M | $5.1M | $4.7M |
| Total operating expenses | $69.5M | $54.1M | $29.2M | $13.0M | $9.8M | $8.7M | -$10.3M | $10.0M | — | — |
| Operating income | -$69.4M | -$63.1M | -$30.8M | -$19.8M | -$16.8M | -$13.3M | -$8.3M | $1.3M | $1.4M | $271.0K |
| Interest expense | $1.9M | $336.0K | $1.5M | $463.0K | $733.0K | $710.0K | $668.0K | $1.0M | $1.4M | $2.0M |
| Pre-tax income | -$74.9M | -$53.2M | -$30.7M | — | — | — | -$8.4M | $4.6M | $76.0K | -$3.0M |
| Income tax | — | — | — | — | — | — | — | — | — | $17.0K |
| Net income | -$74.9M | -$53.2M | -$30.7M | -$17.1M | -$22.9M | -$14.8M | -$8.4M | $4.5M | $76.0K | -$3.0M |
| EPS, basic | -0.20 | -0.17 | -0.12 | -0.08 | -0.12 | -0.09 | -0.05 | 0.03 | 0.00 | -0.02 |
| EPS, diluted | -0.20 | -0.17 | -0.12 | -0.08 | -0.12 | -0.09 | -0.05 | 0.03 | 0.00 | -0.02 |
| Shares, diluted (wtd. avg.) | 368.4M | 317.7M | 260.0M | 220.5M | 195.7M | 164.26B | 159.9M | 151.6M | 147.5M | 142.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $123.9M | $76.1M | $68.2M | $41.1M | $46.2M | $12.1M | $15.2M | $13.8M | $11.4M | $9.1M |
| Receivables | — | $16.5M | $0 | $8.0K | $4.0K | $0 | $22.0K | $31.0K | $33.0K | $16.0K |
| Inventory | $24.3M | $20.7M | $2.6M | $9.9M | $7.9M | $7.8M | $7.4M | $14.7M | $4.5M | $4.1M |
| Total current assets | $150.4M | $115.3M | $63.7M | $43.9M | $48.6M | $5.1M | $8.3M | $9.1M | $9.2M | $6.5M |
| Property, plant and equipment | $49.7M | $27.3M | $21.0M | $20.1M | $21.3M | $21.9M | $23.6M | $25.2M | $27.0M | $28.8M |
| Total assets | $272.5M | $194.1M | $128.4M | $107.9M | $120.8M | $81.8M | $90.4M | $100.4M | $88.4M | $89.9M |
| Accounts payable | $8.6M | $3.3M | $1.7M | $660.0K | $854.0K | $396.0K | $523.0K | $620.0K | $840.0K | $725.0K |
| Short-term debt | — | — | $5.7M | $5.4M | $1.3M | $502.0K | $0 | $5.1M | $4.8M | $4.5M |
| Total current liabilities | $27.7M | $19.3M | $10.0M | $6.6M | $6.2M | $3.6M | $2.3M | $7.5M | $7.9M | $8.2M |
| Long-term debt | — | — | — | — | $0 | $398.0K | $0 | $9.6M | $14.7M | $19.4M |
| Total liabilities | — | — | — | — | — | — | $46.1M | $48.5M | $49.6M | $53.7M |
| Retained earnings | -$379.0M | -$304.1M | -$250.9M | -$220.3M | -$203.1M | -$180.2M | -$165.4M | -$157.0M | -$161.5M | -$161.6M |
| Total equity | $77.5M | $132.8M | $74.9M | $62.5M | $69.4M | $34.1M | $44.3M | $51.8M | $38.8M | $36.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$43.1M | -$71.9M | -$17.0M | -$18.1M | -$11.7M | -$8.4M | $4.0M | -$5.4M | $5.6M | $3.4M |
| Depreciation and amortisation | $3.8M | $2.7M | $2.2M | $1.8M | $1.8M | $1.8M | $1.8M | $1.9M | $4.9M | $5.1M |
| Stock-based compensation | $1.9M | $2.4M | $1.0M | $1.1M | $1.1M | $951.0K | $787.0K | $900.0K | $891.0K | $857.0K |
| Capital expenditure | $23.6M | $9.0M | $2.0M | $709.0K | $1.2M | $43.0K | $271.0K | $55.0K | $181.0K | $296.0K |
| Investing cash flow | -$23.6M | -$9.0M | -$2.0M | -$709.0K | -$1.2M | -$25.0K | -$243.0K | $4.4M | -$204.0K | -$210.0K |
| Financing cash flow | $114.9M | $99.9M | $46.1M | $5.9M | $54.9M | $5.3M | -$2.4M | $3.4M | -$3.1M | -$3.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-048693.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.3M | $38.4M | $23.5M | $32.3M | $8.3M | $16.0K | $19.0K | $17.7M | $33.7M | $27.2M |
| Gross profit | $11.5M | $14.0M | $11.3M | $2.0M | -$4.7M | -$7.0M | -$6.8M | -$1.7M | -$9.0M | $74.0K |
| Net income | -$3.0M | $76.0K | $4.5M | -$8.4M | -$14.8M | -$22.9M | -$17.1M | -$30.7M | -$53.2M | -$74.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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