Ur‑Energy Inc. began uranium‑bearing solution capture from Mine Unit 1 at its Shirley Basin in‑situ recovery (ISR) project in Wyoming on April 23 2026, following the completion of construction, wellfield installation and permitting work.
The first output from the site marks a critical step in the company’s dual‑asset strategy. By shipping loaded resin to the existing Lost Creek mill, Ur‑Energy avoids building a new processing facility and accelerates utilization of its licensed capacity, positioning the company to meet its 2026 production target of 1.3 million pounds.
Shirley Basin’s licensed annual capacity is up to 2.0 million pounds of U₃O₈, and the project holds measured and indicated resources of approximately 9.1 million pounds at an average grade of 0.22 % eU₃O₈, supporting an anticipated mine life of about nine years. Combined with Lost Creek, the two sites provide a total licensed capacity of 4.2 million pounds, a key contributor to the company’s 2026 output plans.
The district is historically significant as the birthplace of ISR mining, and Ur‑Energy’s return to the area demonstrates disciplined execution of its strategy. CEO Matt Gili said, "Launching initial operations marks a pivotal achievement in Ur‑Energy's growth strategy and plan to expand U.S. uranium production capacity. Two years ago, we committed to building out this project. Today, we have successfully brought a historically significant uranium district back to life, demonstrating disciplined execution of our strategy."
The operational milestone underscores the viability of Ur‑Energy’s ISR technology and its ability to scale production in a capital‑efficient manner. It also strengthens the company’s position to supply growing global uranium demand amid a nuclear energy renaissance, reinforcing the strategic value of its dual‑asset approach.
No immediate market reaction data are available, but the commencement of operations signals strong execution and confidence in the company’s growth trajectory.
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