Ur-Energy (URG) Reopens a Wyoming Uranium Mine That Has Been Idle Since 1992

2 hours ago 2

Neha Gupta

Fri, May 15, 2026 astatine 10:47 AM CDT 2 min read

Ur-Energy Inc. (NYSEAMERICAN:URG) is one of the champion uranium stocks to bargain according to Wall Street analysts. On April 23, Ur-Energy Inc. (NYSEAMERICAN:URG) said it had commenced uranium mining operations astatine its Shirley Basin ISR task successful cardinal Wyoming. This task is the company’s 2nd progressive uranium excavation successful the United States.

Ur-Energy (URG) Reopens a Wyoming Uranium Mine That Has Been Idle Since 1992

Ur-Energy (URG) Reopens a Wyoming Uranium Mine That Has Been Idle Since 1992

The institution elaborate that the Shirley Basin task uses successful situ recovery, oregon ISR, technology, which is simply a low-impact extraction method. ISR involves recovering uranium-bearing groundwater done a web of wells, which is past adsorbed onto on-site ion speech resin columns, and past transported for further processing. Ur-Energy added that progressive uranium seizure from Mine Unit 1 is already underway. Uranium concentrations successful the recovered solutions are expected to emergence gradually arsenic the wellfield is conditioned and further accumulation circuits are brought afloat online, the institution stated.

Shirley Basin carries a licensed yearly wellfield and toll processing capableness of up to 2 cardinal pounds of triuranium octoxide, oregon U3O8, which is simply a unchangeable chemic compound of uranium. The basin sits connected measured and indicated mineral resources of astir 9.1 cardinal pounds of U3O8 at an mean people of 0.22%. It besides has an anticipated excavation beingness of astir 9 years crossed 3 shallow mining units.

Ur-Energy said the task holds humanities value due to the fact that the Shirley Basin territory is wide recognized arsenic the birthplace of ISR uranium mining successful the United States. This tract had not seen progressive uranium accumulation since 1992. The institution acquired the tract successful 2013 arsenic portion of its acquisition of Pathfinder Mines.

Ur-Energy Inc. (NYSEAMERICAN:URG) is simply a uranium mining institution that explores, recovers, and processes uranium mineral properties successful the United States. The institution produces uranium concentrates utilized arsenic substance for atomic powerfulness plants done low-cost in-situ betterment mining methods.

While we admit the imaginable of URG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Best AI Stocks to Buy for 2026 According to Billionaire David Tepper and 9 Best Green Energy Penny Stocks to Invest In.

Disclosure: None. Follow Insider Monkey connected Google News.

Read Entire Article