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Wednesday
Sep192007

Ur-Energy to Expand Drilling Programme

The interesting point about this news release is that this company is actually ahead of its drilling programme and can therefore expand its area of exploration.

Mr Bill Boberg, President and Chief Executive Officer had this to say:


“The fact that we can complete a planned drilling program ahead of schedule and then expand it to nearly double in size from our original plans just shows the resolve this group has to be successful in its endeavour.”

This drilling program has now been extended to do 71,025 meters and increase the resources for Ur-Energy’s future production pipeline to its planned processing plant. The news release goes on to say that:

“The proposed new processing plant will be designed and permitted to produce two million pounds of U3O8 yellowcake slurry per year with the capability to toll process loaded resin from other satellite ISR facilities.”

Well done to the Ur-Energy team.

Shares of Ur-Energy Corporation trade on the Toronto Stock Exchange under the symbol URE.

The company has a market capitalisation of $288 million with the shares currently trading $3.14.

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