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Show Notes
Interview with John Cash, President & CEO of Ur-Energy (TSX-V: URE)
Our previous interview: https://youtu.be/O4hbYSChDsk
Recording date: 29th June 2023
UR Energy (URE) is a uranium mining company headquartered in Casper, Wyoming. With a focus on sustainable and responsible mining practices, URE operates two flagship properties: Lost Creek and Header House 2-5. Lost Creek has been in successful production for over nine years and is currently undergoing a restart process to increase production. Header House 2-5 is under construction and will contribute to the company's production capacity.
URE has secured a significant contract with the Department of Energy to sell uranium at a price of $64 per pound, providing a stable revenue stream. The company has also raised $40 million in funding to support its operations and expansion plans.
The team at URE is committed to maximizing production and efficiency. They are implementing innovative mining techniques, such as the use of header houses, which are small buildings that manage injection and production wells. By employing a Five Spot pattern for injection and production, URE aims to optimize recovery rates and increase flow.