UR-Energy Inc. announced production results for the second quarter of 2017. Production rates at Lost Creek continued in line with guidance for the quarter. For the quarter, a total of 65,257 pounds of U3O8 were captured within the Lost Creek plant. 70,833 pounds were packaged in drums and 74,406 pounds of the drummed inventory were shipped to the conversion facility. The company sold 241,000 pounds of U3O8 during the period of which 210,000 pounds were purchased. U3O8 sales of $11.8 million for 2017 second quarter were based on selling 241,000 pounds at an average price of $48.95 into term contract deliveries.

For the third quarter of 2017, contract sales are anticipated to be 109,000 pounds U3O8.

The 2017 third quarter production target for Lost Creek is between 60,000 and 70,000 pounds U3O8 dried and drummed.

Full year 2017 production guidance is unchanged at between 250,000 and 300,000 pounds. The company expects to bring the first MU2 header house on line in 2017 third quarter, but its production rate may be adjusted based on continuing operational matters and other indicators in the market.