Ur-Energy Inc. (NYSE American: URG) reported its financial and operating results for the third quarter ended September 30, 2026. The company, which describes itself as America’s largest and fastest-growing domestic in-situ recovery (ISR) uranium producer, announced a significant year-over-year increase in sales volume.
During the third quarter, Ur-Energy sold 190,000 pounds of U3O8 under long-term contracts, generating $12.3 million in product sales revenue. The average sales price per pound during the quarter was $64.95. Through the first three quarters of 2026, the company sold 460,000 pounds of uranium, representing a 67.3% increase compared to the 275,000 pounds sold during the same period in 2025.
In terms of production metrics, the company captured 154,667 pounds of U3O8 during the third quarter, a 47.3% increase compared to the second quarter of 2026 and a 73.3% increase compared to the third quarter of 2025. The cash cost per produced pound sold remained low at $40.40, virtually unchanged from the $40.20 reported in the second quarter.
Operational highlights include the ramp-up of the Shirley Basin mine, where the company made its first shipments of uranium in August 2026. Additionally, Ur-Energy is advancing its exploration strategy, having commenced a 120-hole exploration drill program at Lost Creek South in October 2026 to test for near-mine expansion and regional targets.
The company also noted that it has entered into transactions to defer deliveries of 600,000 pounds of uranium to future years to align with its ramp-up schedule. Ur-Energy expects to sell a total of 700,000 pounds of uranium in 2026 at an average price of approximately $67.00 per pound.
