The company plans to commence production from its Lost Creek project in Wyoming in the second quarter of 2013 and ramp up production to near one million pounds per year in 2014.
Ur-Energy CEO Wayne Heili said this supply arrangement is a critical component of the company’s overall growth strategy as it contributes to the future financial viability of the company’s US-based uranium mining operations.
Ur-Energy is now completing mine planning and permitting activities to bring its the Lost Creek uranium deposit into production.
