Ur-Energy Inc. (URG) has reported promising updates on its uranium exploration activities in Wyoming. The company's recent drilling endeavors at the Lost Soldier and North Hadsell projects within the Great Divide Basin have yielded significant hydrogeologic insights and uncovered potential new uranium deposits. These developments are expected to enhance Ur-Energy's overall growth strategy and contribute to its portfolio of mining assets.
On January 28, Ur-Energy Inc. shared the latest progress from its Lost Soldier and North Hadsell uranium exploration projects, situated in Wyoming's resource-rich Great Divide Basin. The company emphasized that the data collected from recent drilling, particularly the hydrogeologic information from Lost Soldier and the identification of fresh uranium roll-front targets at North Hadsell, indicates substantial upside for these properties. This positive news underscores the potential of these sites to contribute to future uranium production.
Matthew Gili, CEO and President of Ur-Energy Inc., commented on the successful outcomes, stating, “The initial achievements at North Hadsell, alongside our decision to advance technical evaluations and hydrogeologic investigations at Lost Soldier, highlight the growing momentum within our Wyoming development portfolio.” The company's other key projects, including Lost Creek, Shirley Basin, Lucky Mc Mine Site, and Excel Gold, further solidify its position in the uranium mining sector. Ur-Energy Inc. is an exploration-focused uranium mining entity, actively involved in the acquisition, exploration, development, and operation of uranium mineral properties.
Ur-Energy Inc. (URG) is an enterprise dedicated to uranium mining, encompassing the entire spectrum from resource recovery and processing to the procurement, investigation, enhancement, and management of uranium mineral sites. The recent exploration results from Lost Soldier and North Hadsell are a testament to the company's diligent efforts and strategic focus on expanding its operational footprint in key uranium-rich regions.
The successful exploration initiatives at Lost Soldier and North Hadsell reinforce Ur-Energy's commitment to expanding its uranium resource base. These findings not only validate the potential of these specific sites but also contribute to the broader understanding of uranium deposits within the Great Divide Basin, positioning Ur-Energy as a significant player in the future of domestic uranium supply.