UR-Energy Inc. reported operating and sales results for the first quarter ended March 31, 2017. For the quarter, the company produced 79,340 pounds of U3O8 were captured within the Lost Creek plant. 74,382 pounds of U3O8 were packaged in drums and 72,643 pounds of U3O8 drummed inventory were shipped out of the Lost Creek processing plant.

During the quarter, sales totaled $14.8 million on contract sales of 250,000 pounds at an average price of $59.28 per pound, or 145% above the average spot price for the same period of $24.17 per pound. In addition to the 50,000 pounds of Lost Creek production.

The company expected to have contract sales of 241,000 pounds U3O8 in 2017 second quarter at an average price of $49 per pound.

The second quarter of 2017 production target for Lost Creek is between 60,000 and 75,000 pounds dried and drummed.