URG
Ur-Energy Inc.NYSEMKT
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  • Mon, Nov. 7, 10:57 AM
    • Chinese demand for uranium is expected to nearly double to 9,800 metric tons/year by 2020 from the end of 2015, although a supply glut will continue to keep prices depressed, says the head of a unit of state-owned China National Nuclear Corp.
    • China is in the middle of a nuclear reactor building program and aims to have 58 GW of capacity in full commercial operation by the end of 2020, up from 30.7 GW at the end of July, but the executive says only ~53 GW of capacity would be online as not enough construction of nuclear plants had already begun.
    • Uranium is trading at ~$18.75/lb., down from $67 before Japan's Fukushima disaster in 2011.
    • Relevant stocks include CCJ, DNN, LEU, URRE, UEC, URG, UUUU.
    • ETFs: URA, NLR
    | Mon, Nov. 7, 10:57 AM | 63 Comments
  • Fri, Oct. 28, 5:15 PM
    • Ur-Energy (NYSEMKT:URG): Q3 EPS of $0.01 beats by $0.01.
    • Revenue of $12.07M (+42.2% Y/Y) beats by $2.72M.
    • Press Release
    | Fri, Oct. 28, 5:15 PM
  • Fri, Jul. 29, 4:48 PM
    • Ur-Energy (NYSEMKT:URG): Q2 EPS of -$0.01
    • Revenue of $6.75M (-62.9% Y/Y)
    • Press Release
    | Fri, Jul. 29, 4:48 PM
  • Wed, Jun. 8, 5:58 PM
    • A uranium glut that has caused futures prices to drop 18% YTD - the worst performer among all the world's commodities - is set to turn into a shortage as miners cut output and nuclear reactor construction climbs, Uranium Energy (NYSEMKT:UEC) CEO Amir Adnani tells Bloomberg.
    • Oversupply from mines in Kazakhstan, Canada and Australia has sent prices plunging even as iron ore and oil rally, but as supply diminishes and demand improves, stockpiles will be eroded and the slump will reverse, the CEO says.
    • Prices are not factoring in the pace at which inventories will disappear in coming years, according to Morningstar's David Wang, who expects uranium to more than double to about $65/lb. by 2019 from $28.25 now.
    • Relevant tickers include: CCJ, URG, URZ, UUUU, URRE, URA.
    | Wed, Jun. 8, 5:58 PM | 48 Comments
  • Sat, May 7, 6:34 PM
    • Ur-Energy (NYSEMKT:URG): Q1 EPS of -$0.02 in-line.
    • Revenue of $2.7M (-63.5% Y/Y) misses by $0.2M.
    | Sat, May 7, 6:34 PM
  • Wed, Apr. 13, 2:43 PM
    • Ur-Energy (URG +3.5%) is higher after reporting Q1 production of 159.3K lbs. of U3O8 from its Lost Creek plant, largely matching projections.
    • URG says it also packaged 173.8K lbs. and shipped 182.1K lbs. of drummed inventory from the plant.
    • URG guides Q2 production for Lost Creek at 160K-190K lbs. of U3O8 dried and drummed.
    • Now read Uranium prices to remain low amid oversupply, Fitch says
    | Wed, Apr. 13, 2:43 PM | 4 Comments
  • Fri, Feb. 26, 5:56 PM
    • Ur-Energy (NYSEMKT:URG): FY15 EPS of -$0.01
    • Revenue of $41.87M (+42.7% Y/Y)
    | Fri, Feb. 26, 5:56 PM | 2 Comments
  • Thu, Jan. 28, 4:43 PM
    • Uranium spot prices likely will remain under pressure for the rest of the decade because of high inventory levels, recycling of already-mined uranium and the slow restart of Japan's nuclear reactors, Fitch Ratings forecasts.
    • An extended period of oversupply has contributed to a major build-up in utilities' uranium stockpiles, with European utilities having enough fuel to last three years and Japanese utilities enough for 4-5 years, which will maintain pressure on prices as demand slowly recovers, Fitch says.
    • Relevant stocks: CCJ, DNN, LEU, URRE, UEC, URG, UUUU.
    • ETFs: URA, NLR
    | Thu, Jan. 28, 4:43 PM | 52 Comments
  • Oct. 30, 2015, 2:54 PM
    • Ur-Energy (NYSEMKT:URG): Q3 EPS of $0.00 in-line.
    • Revenue of $8.49M (+15.8% Y/Y) misses by $0.11M.
    • 10-Q
    | Oct. 30, 2015, 2:54 PM | 10 Comments
  • Sep. 16, 2015, 8:07 AM
    • Ur-Energy (NYSEMKT:URG) proposes to more than double the size of its Lost Creek in-situ uranium mine in Wyoming to an area covering 15 square miles, on the hope that weak uranium prices since the 2011 Fukushima nuclear disaster will begin to make a comeback.
    • Under the plan, production from the site would increase to as much as 1.2M lbs./year from ~800K lbs., while total permitted production would rise to 2.2M lbs./year from 1M million, which includes as much as 1M tons brought in from elsewhere for processing into yellowcake.
    • Spot prices for uranium were $37.25/lb. yesterday, roughly half of where they were in early 2011, but URG believes prices could recover as Japan restarts more of its ~40 nuclear reactors.
    | Sep. 16, 2015, 8:07 AM | 11 Comments
  • Aug. 10, 2015, 11:58 AM
    • Japan is rejoining the countries using atomic power after the Fukushima nuclear disaster more than four years ago, as Kyushu Electric Power says it will begin bringing online the No. 1 reactor at its Sendai facility on Aug. 11, start power generation as early as Aug. 14 and return it to normal operations next month.
    • The move is an important de-risking event for the uranium market, says BMO Capital analyst Edward Sterck: While "Japanese utilities are sitting on significant excess inventories, the fact that these will now start to be consumed [in Japan] should ease fears of sales from inventory,” and it shows there is a regulatory restart process in Japan that actually works, which clears the way for more.
    • Relevant stocks: CCJ +4.1%, DNN +5.1%, LEU -1.3%, URRE +5.7%, UEC -1.5%, URG -2.7%, UUUU +8%.
    • ETFs: URA, NLR
    | Aug. 10, 2015, 11:58 AM | 15 Comments
  • Aug. 4, 2015, 6:05 PM
    • Ur-Energy (NYSEMKT:URG): Q2 EPS of $0.01 in-line.
    • Revenue of $18.21M (+97.1% Y/Y).
    • 10-Q
    | Aug. 4, 2015, 6:05 PM | 2 Comments
  • May 4, 2015, 4:41 PM
    • Ur-Energy (NYSEMKT:URG): Q1 EPS of -$0.02 misses by $0.03.
    • Revenue of $7.4M (+19.4% Y/Y) misses by $0.2M.
    • 10Q
    | May 4, 2015, 4:41 PM
  • Apr. 22, 2015, 12:30 PM
    • Uranium names are showing notable strength today following yesterday's ruling in Japan that will allow the Sendai nuclear plant to reopen, which would be the first plant to be reopened since the Fukushima disaster: CCJ +6.8%, DNN +5.6%, LEU +10.3%, URRE +4.5%, UEC +5%, URZ +2.6%, URG +1%, UUUU +1.7%.
    • The news is positive for the nuclear industry to the extent that authorities in Japan have not given up on the energy source despite Fukushima.
    • China is pushing for more nuclear power, with the government reportedly approving eight new nuclear power projects.
    • A MarketWatch article paints a bright picture of the nuclear industry, with uranium prices rising ~35% since last summer and improving public opinion; "China and India believe that the upside from the clean energy from nuclear far outweighs the downside risks of sticking to dirty coal,” says GoldStockTrades.com editorJeb Handwerger.
    • Last week, CCJ signed a deal with India to provide 7.1M lbs. of uranium concentrate over the next five years.
    • ETFs: URA, NLR
    | Apr. 22, 2015, 12:30 PM | 12 Comments
  • Nov. 24, 2014, 2:37 PM
    • Uranium prices have reversed recent gains, plunging $6/lb. (~13.5%) to $38 over the past week in their biggest weekly drop since 1996.
    • TD Securities' Greg Barnes thinks the current volatility is more reflective of trader positioning in a thinly traded market than utilities exhibiting strong fundamental demand; the analyst is not convinced that the rapid drop will be enough to trigger a wave of buying by utilities.
    • Uranium names are broadly lower today: CCJ -3%, DNN -3.8%, UEC -1.6%, URG -5.7%, URZ -4.4%, UUUU -1.5%, URRE -0.4%.
    • ETFs: URA, NLR, NUCL
    • Earlier: Uranium spot prices could pass $50/lb. in next 12 months, analyst says
    | Nov. 24, 2014, 2:37 PM | 4 Comments
  • Nov. 10, 2014, 2:41 PM
    • Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
    • The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
    • Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
    • ETFs: URA, NLR, NUCL
    | Nov. 10, 2014, 2:41 PM | 6 Comments