Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Ur-Energy Is A Fine House, But The Neighborhood Is Scary

Ur-Energy (NYSEMKT:URG) has a lot of things to its credit - the company has a quality asset in its Lost Creek mine, expansion/growth potential with assets like Shirley Basin and Lost Soldier, and an attractive cost structure. It also doesn't hurt that Ur-Energy represents a meaningful chunk of the U.S.'s low-cost domestic supply of uranium for its nuclear power fleet.

On the other side of the ledger is a uranium market that is still in pretty rough shape. Weak prices have curtailed production and exploration across the world, but spot prices are still hovering around multiyear lows. Likewise, while there is legitimately bullish talk about the construction of new nuclear plants in China, India, and the Mideast, not...

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