As drivers continue to construct for uranium, the Investing News Network talked with John Money, CEO of Ur-Energy (TSX: URE, NYSEAMERICAN: URG), to get his ideas on the marketplace and the business’s strategies moving on.
” All systems today appear like go, it appears like the cost is going to be moving greater,” he stated. “I believe regularly that’s what the manufacturers are anticipating, (and) I believe quite dependably that’s what the energies are anticipating too. Definitely if you take a look at the significant trade press too, like UxC, they’re taking a look at relatively substantially greater prices moving forward too.”
With this favorable outlook at hand, Ur-Energy is advancing at its 2 flagship properties in Wyoming, United States. The business is increase output at its Lost Creek operation, with production set to increase from 200,000 pounds this year to 600,000 pounds next year.
” I want to communicate that we have actually just got 600,000 pounds under agreement. That’s just about 25 percent of my plant capability there at Lost Creek. So we have actually got a lot more space there to grow and layer in extra agreements,” Money kept in mind.
Beyond that, the business might begin to agreement at Shirley Basin, its other essential job. “It’s totally allowed, however we have not built it yet. However that can be done really rapidly at a really low capital expense,” he stated.
Ur-Energy just recently offered a parcel of uranium to the United States federal government, however its primary focus is doing handle energies business. Activity amongst energies is infamously nontransparent, however Money had the ability to shed some light on the procedure. He discussed that there are 2 markets that are establishing: a worldwide market and a western market that gets a premium.
” What we have actually seen in our contracting is we’re not getting the area cost, we’re not even getting the long-lasting cost. We’re getting a cost that’s above and beyond that,” he stated. “Energies and nuclear business worldwide desire that security of supply, and there’s a lot unpredictability worldwide today that they want to spend for that certainty.”
View the interview above for more from Money on Ur-Energy’s strategies and the uranium market.
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Securities Disclosure: I, Charlotte McLeod, hold no direct financial investment interest in any business pointed out in this post.
Editorial Disclosure: The Investing News Network does not ensure the precision or thoroughness of the info reported in the interviews it carries out. The viewpoints revealed in these interviews do not show the viewpoints of the Investing News Network and do not make up financial investment recommendations. All readers are motivated to perform their own due diligence.
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