Ur-Energy Inc. filed its Form 10-Q for the quarter ended March 31, 2025, on May 8, 2025, reporting a net income of $10.90 million for Q1 2025. This represents a significant improvement compared to a $18.54 million loss in Q1 2024.
The company's improved financial performance was largely driven by a $4.31 million mark-to-market gain on the inventory derivative obligation and warrant liability, contrasting with a $2.76 million loss in the prior year. Interest income also increased due to higher cash balances and interest rates.
Concurrently, Ur-Energy reiterated the receipt of final approval for the Lost Creek Expansion, a key regulatory milestone. CEO John Cash acknowledged the careful consideration by the Wyoming Water Quality Division and EPA for the aquifer exemption related to the LC East and KM Amendment areas.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.