Prepared by TREC in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) independent qualified persons, the PEA demonstrates that the property is potentially viable.
The latest close-spaced drilling revealed has been confirmed through PEA that the uranium mineralization is thicker, of higher grade and more extensive than previously estimated, the company said.
Ur-Energy operations vice president Steve Hatten said that the company will ramp up production to full capacity over the upcoming months.
"This PEA demonstrates the continued potential for expansion of the resource base within the Lost Creek Property. In addition, the updated economic estimate supports our position as a producer in the lowest quartile of operating costs worldwide," Hatten added.
