UR-Energy Inc. reported production and sales results for the third quarter and nine months ended September 30, 2016. For the three months, the company captured 141,774 pounds of U3O8 within the Lost Creek plant.

During the nine months ended September 30, 2016, the company captured 434,446 pounds of U3O8 within the Lost Creek plant. 450,045 pounds were packaged in drums and 480,404 pounds of the drummed inventory were shipped to the conversion facility.

The company sold 200,000 pounds of U3O8 during the third quarter.

The company sold 462,000 pounds of U3O8 during the nine-month period.

During the quarter, the company dried and drummed about 146,000 thousand pounds U3O8, which was at the lower end of the projected range for the quarter. Because of the deteriorating spot price environment, the company has lowered production forecast again and are now targeting to dry and drum between 40,000 and 45,000 pounds per month in the fourth quarter, which would bring the estimated final production for 2016 within the range of 570,000 to 585,000 pounds.