Ur-Energy Inc. (TSX:URE, NYSE:URG) CEO John Cash says the company has maintained a strong cash position as it remains ready to ramp up production at its Lost Creek Project in south-central Wyoming.
The Shirley Basin Project is also construction ready as the company prepares to meet growing demand for uranium as US utilities look closer to home for supply, Cash told Proactive.
Ur-Energy has responded to the Department of Energy's solicitation to purchase domestically produced uranium to establish a new US Uranium Reserve, he added, and also recently signed a multi-year sales agreement with a leading US nuclear utility.