UR-ENERGY

6. Ur-Energy

Market cap: US$96 million

The processing facility at Ur-Energy’s Lost Creek in-situ recovery uranium mine in Wyoming. Source: Ur-Energy

Ur-Energy’s(TSX: URE; NYSE-AM: URG) portfolio includes 12 uranium projects, ten of which are located in the Great Divide Basin of Wyoming, including its flagship Lost Creek in-situ recovery uranium facility, located 61 km northwest of Rawlins.

In 2016, an updated preliminary economic assessment (PEA) for Lost Creek forecasts total production of 13.8 million lb. uranium over a mine life of 19 years. The early-stage study estimates an initial capex of US$46.5 million. The project is forecast to have an after-tax net present value of US$208 million at an 8% discount rate and an after-tax internal rate of return of 50.9%.

The company also operates the Shirley Basin project in central-southeast Wyoming, located 64 km south of Casper city. A PEA in 2015 forecast total production of 6.3 million lb. uranium over a mine life of 14 years. The initial capex was estimated to be US$30.6 million.

Ur-Energy’s other properties include the Lost Solider uranium project, located 22.5 km northeast of its Lost Creek project, and the Lucky Mc uranium mine situated in the Gas Hills mining district of Wyoming.