Thursday, February 16, 2012

Ur-Energy enters into uranium sales agreement with US energy producer

EBR Staff Writer
Published 10 February 2012

Uranium mining company Ur-Energy has entered into its third long-term uranium sales agreement with US-based nuclear utilities.

The agreement relates to production from the company's Lost Creek project in Wyoming.

The long-term contract calls for deliveries of 100,000 pounds of uranium concentrate per year in a multi-year schedule.

The company said the agreement specifies firm delivery prices in the low $60 per pound range over its term.

Ur-Energy expects to begin production from Lost Creek in the second quarter of 2013 and ramp up production to nearly one million pounds per year in 2014 and beyond.

Source: http://nuclearfuels.energy-business-review.com/news/ur-energy-enters-into-uranium-sales-agreement-with-us-energy-producer-100212

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