Ur-Energy Inc. Supports U.S. Nuclear Industry Revitalization and Expansion Initiatives
- Ur-Energy Inc. supports President Trump's Executive Orders to revitalize the U.S. nuclear industry and increase energy capacity.
- The company is well-positioned to benefit from rising demand for uranium and carbon-free energy sources.
- Ur-Energy's financial strength and operational capabilities align with national goals for nuclear energy and sustainability.
Ur-Energy Inc. Welcomes U.S. Nuclear Industry Revitalization Efforts
Ur-Energy Inc. expresses robust support for President Trump's recent issuance of four Executive Orders aimed at revitalizing the U.S. nuclear industry. Announced on May 23, 2025, these orders endeavor to increase the nation’s nuclear energy capacity from 100 gigawatts in 2024 to an ambitious 400 gigawatts by 2050. Central to these initiatives are strategies for workforce development, the expansion of domestic nuclear services, and regulatory reforms intended to facilitate growth in the sector. As a key player in the uranium mining industry, Ur-Energy views these developments as vital for bolstering the domestic nuclear fuel cycle and enhancing the United States' competitive edge in the global energy landscape.
The Department of Energy has specific mandates under the new Executive Orders, including the addition of 5 gigawatts of power uprates to existing reactors and the construction of ten new large reactors by 2030. Ur-Energy, which operates the Lost Creek mine and is actively developing the Shirley Basin site, stands to benefit significantly from this increased focus on nuclear power. With a licensed production capacity of 2.2 million pounds of uranium annually, the company is positioned to meet the anticipated rise in demand for reliable, carbon-free energy sources. As global energy needs evolve, Ur-Energy’s strategic alignment with national goals places it in a favorable position within the industry.
In addition to its operational advantages, Ur-Energy has demonstrated financial resilience, reporting $66 million in cash resources as of May 2, 2025. This financial strength supports the company's ongoing operations and expansion plans, including further exploration of its Wyoming projects. The recent Executive Orders not only reinforce the importance of nuclear energy in achieving energy security but also highlight Ur-Energy’s role in meeting the nation’s growing need for sustainable energy solutions. As the company ramps up production from its Lost Creek mine, it is poised to contribute to a cleaner energy future while supporting the broader objectives of the U.S. nuclear industry.
In summary, Ur-Energy aligns itself with the federal government's vision to enhance the nuclear energy sector, viewing the Executive Orders as pivotal to both national energy security and the company’s growth. As the industry undergoes transformation, Ur-Energy remains committed to leveraging its assets and capabilities to respond to the increasing demand for uranium, underscoring its integral role in the energy transition.