|Bid||0.7600 x 0|
|Ask||0.8100 x 0|
|Day's Range||0.7800 - 0.8000|
|52 Week Range||0.7000 - 1.3000|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.20|
If you're interested in Ur-Energy Inc. (TSE:URE), then you might want to consider its beta (a measure of share price...
(Bloomberg) -- The White House is considering a plan that would have the government directly purchase uranium from U.S. producers as it contemplates ways to revive the flagging domestic mining industry.A group set up by President Donald Trump to study the issue is considering a request by the nuclear industry to use the Defense Production Act, a 68-year-old Cold War-era statute once invoked by President Harry Truman to help the steel industry. The plan calls for requiring the government to buy American uranium to replenish their stockpiles and for other purposes, Paul Goranson, chief operating officer for Energy Fuels Inc., said in an interview.Energy Fuels and Ur-Energy Inc. unsuccessfully petitioned the White House to put quotas on foreign imports of uranium. The concept of direct government purchases of U.S. uranium was among ideas discussed during a roundtable with administration staff and the nuclear industry at the Old Executive Office Building earlier this week, Goranson said.“They seem receptive to direct purchasing of material,” Goranson said. “The president intends to take bold action on this. It’s got his attention now.”The White House didn’t immediately respond to a request for comment.Share RiseShares in U.S. uranium producers rose on the report. Energy Fuels jumped as much as 11% while Ur-Energy climbed as much as 10%. Cameco Corp. increased about 2%.Trump in July rejected the Commerce Department’s recommendation that he impose quotas on uranium imports using a trade law tied to national security concerns that he invoked to impose tariffs on steel, solar panels and hundreds of billions of dollars of Chinese goods. Instead, Trump said a fuller analysis was needed and he directed his administration to identify other options. He created a nuclear fuel working group comprised of six cabinet secretaries and several other top White House officials.The Uranium Producers of America, which represents miners including Cameco, is requesting “federal actions facilitating domestic uranium production” of at least 7.5 million pounds per year by 2025 and 10 million pounds per year by 2030, according to a letter the Santa Fe, New Mexico, trade group sent to the working group last month. That includes millions of pounds via contracts with the Department of Defense, requirements that government-owned utilities buy domestic uranium, and the creation of a new “Federal Uranium Security Stockpile.”“We may not be able to continue any operations without immediate relief from the impact of state-backed entities, which have distorted global prices and made it more difficult for free market mines in the U.S. to compete,” the group wrote in the letter, which included a request to direct payments to domestic uranium companies.In a separate letter, the Nuclear Energy Institute, which represents nuclear reactor operators, also recommended the working group use the Defense Production Act to “accelerate the procurement” of domestic uranium as well as “incentivize” the annual purchase of domestic uranium through a tax credit for nuclear utilities.In addition, the trade group urged expanding an Energy Department loan program to include domestic uranium projects and to ”modernize the Nuclear Regulatory Commission’s regulatory regime to be more safety focused, risk-informed, timely, consistent, cost-contained, and transparent.”(Updates with more details starting in seventh paragraph.)To contact the reporter on this story: Ari Natter in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Elizabeth Wasserman, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Ur-Energy to Present September 9 at the 21st Annual Rodman & Renshaw Global Investment Conference
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Uranium miner Ur-Energy Inc said on Tuesday it was forced to cut jobs and curb spending, following President Donald Trump's decision last month to not set quotas for domestic production. Trump declined to issue quotas for domestic uranium production in July and instead ordered a 90-day governmental review, saying he did not concur with a Commerce Department investigation that found uranium imports threaten to impair U.S. national security. Trump had also ordered a deeper review by the U.S. Nuclear Fuel Working Group, with input from several government agencies.
LITTLETON, Colo. , Aug. 6, 2019 /CNW/ -- Ur-Energy Inc. (NYSE American:URG)(URE.TO) (the "Company" or "Ur-Energy") announces it has implemented an additional reduction in force, primarily affecting employees at its Lost Creek facility. On July 12, 2019 , the President responded to our Section 232 Trade Action with a Memorandum establishing the United States Nuclear Fuel Working Group (the "Working Group") to develop recommendations for reviving and expanding domestic uranium production. The Memorandum did not, however, offer any current relief in response to the Trade Action, such as the domestic quotas suggested by our Petition.
LITTLETON, Colo. , Aug. 2, 2019 /PRNewswire/ -- Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") has filed the Company's Form 10‐Q for the quarter ended June ...
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Secretary of Commerce Wilbur Ross found that uranium is being imported in quantities and circumstances that threaten to impair the country's national security. Trump said in the memo that he does not agree with Ross' finding that uranium imports threaten national security as defined under Section 232. The White House memo calls for the establishment of the United States Nuclear Fuel Working Group to address Ross' concerns over domestic uranium production and to develop recommendations for the revival and expansion of domestic nuclear fuel production.
TSX: EFR) ("Energy Fuels") are advised that on July 12, 2019 , President Trump announced that the U.S. Department of Commerce (DOC) found that imports of uranium are a threat to U.S. national security. President Trump established the U.S. Nuclear Fuel Working Group to further study U.S. nuclear fuel production, including uranium mining, as the next phase of this investigation.
TSX: EFR) ("Energy Fuels") confirm that they are unaware of any decision by the White House with respect to the U.S. Department of Commerce ("DOC") investigation into the effects of uranium imports on U.S. national security.
Two leading U.S. uranium mining companies say they are prepared to quickly ramp up production if President Donald Trump approves their request for curbs on imports this week. Trump is expected to decide as soon as Friday on the petitions from Colorado-based Energy Fuels Inc and Wyoming-based Ur-Energy Inc - which seek quotas requiring 25% of the U.S. uranium market be sourced domestically - after reviewing recommendations from the Commerce Department in April. The United States sourced just 7% of its uranium domestically in 2017, with most of the rest coming from Canada, Australia and Russia, according to the Energy Information Administration.