|Bid||0.8000 x 0|
|Ask||0.8200 x 0|
|Day's Range||0.8100 - 0.8400|
|52 Week Range||0.7400 - 1.3000|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 3, 2018 - May 7, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.20|
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
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.
Establishes United States Nuclear Fuel Working Group LITTLETON, Colo. , July 15, 2019 /PRNewswire/ -- Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") has ...
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.
(Bloomberg) -- President Donald Trump has found a trade fight he doesn’t like.After disrupting global markets by imposing tariffs on steel, hundreds of billions of dollars worth of Chinese goods and even washing machines and solar panels, Trump has decided against putting a cap on uranium imports, at least for now.His decision came in a memorandum released by the White House late Friday.The move deals a blow to domestic uranium miners, while freeing the nation’s already-struggling nuclear power industry from the prospect of higher fuel costs.The administration is working to identify other available options, according to people familiar with the situation, who asked not to be identified because the information isn’t public. The U.S. Commerce Department began an investigation in July 2018 after two domestic companies -- Energy Fuels Inc. and Ur-Energy Inc. -- called on the government to impose a limit on the amount of uranium that U.S. nuclear plants are sourcing abroad.Trump made international trade one of his key campaign issues and famously referred to himself as “tariff man” when discussing one of his favorite strategies.But in the memorandum, Trump said, “At this time, I do not concur with the secretary’s finding that uranium imports threaten to impair the national security of the United States as defined under section 232 of the Act.”Steel TariffsWhile Trump has aided the domestic steel and aluminum industries with tariffs, those companies have lots of workers in states like Ohio, Michigan and Pennsylvania, which were critical in his 2016 electoral victory and will continue to be during his 2020 re-re-election bid. By comparison, the struggling uranium industry employs far fewer voters.But when it came to uranium, the case bumped up against another of his pet issues: nuclear power. Trump has urged the Energy Department to develop policies to support the industry, which is struggling to remain competitive against an onslaught of cheap natural gas.The agency’s review was controversial from the start, with the nuclear industry warning that a limit could raise the costs of running reactors that supply a fifth of the nation’s electricity.More than 90% of the industry’s uranium fuel supplies are sourced abroad, U.S. government data show. Restricting imports would have also run contrary to the Trump administration’s previous efforts to bail out nuclear plants facing early retirement because of cheaper natural gas and renewable energy resources.Shares of Energy Fuels and Ur-Energy plunged on the news, falling 46% and 36%, respectively. In their petition, the companies said government-subsidized production of the fuel overseas was hampering U.S. miners’ ability to compete globally.Executives from the two companies, who said they have not yet seen an official decision, warned that the ruling may mean the demise of the entire domestic industry. U.S. companies aren’t producing enough uranium to power even one nuclear reactor, said Mark Chalmers, chief executive officer of Energy Fuels. Prices are currently in the mid-$20s, and they need to see that higher than $50 a pound before it makes sense to increase production.“We have essentially surrendered the entire fuel cycle to China and Russia,” said John Cash, vice president for regulatory affairs at Ur-Energy.The Commerce Department investigated the case under Section 232 of the 1962 Trade Expansion Act, which allows for duties without a vote by Congress if imports are deemed a national-security threat. It was the same law the Trump administration used to slap tariffs on steel and aluminum imports. The findings of Commerce’s report, which was submitted to Trump in April, remains confidential.Canada is the largest exporter of uranium to the U.S., accounting for 35% of all imports, the Energy Information Administration said, citing 2017 data. Australia, Russia and Kazakhstan are also big suppliers.Uranium prices have slumped since the 2011 Fukushima disaster led big buyers including Japan and Germany to shut reactors. Compounding the problem was a global supply glut that prompted Kazakhstan, the world’s biggest producer, to cut back in 2017. Canada’s Cameco Corp., the top North American supplier, followed suit.Uranium accounts for about 20% of nuclear operators’ costs, according to the Nuclear Energy Institute, though most utilities have uranium supplies contracted through 2020 or 2021.The Ad Hoc Utilities Group, representing U.S. nuclear plant operators, has warned that imposing trade barriers on uranium imports would would endanger jobs at the nation’s reactors.(Updates with release of memorandum, beginning in second paragraph.)\--With assistance from Jim Efstathiou Jr., Jennifer A. Dlouhy and Joe Deaux.To contact the reporters on this story: Jennifer Jacobs in Washington at firstname.lastname@example.org;Ari Natter in Washington at email@example.com;Will Wade in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Sarah McGregorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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.
LITTLETON, Colo., May 3, 2019 /PRNewswire/ -- Ur-Energy Inc. (NYSE American:URG, TSX:URE) (the "Company" or "Ur-Energy") announces the results of the Company's Annual and Special Meeting of Shareholders held May 2, 2019, including the election of Directors. Each of the nominee Directors listed in the Company's management proxy circular dated March 26, 2019 was elected as a Director. The Company's independent auditors PricewaterhouseCoopers LLP were reappointed by the Shareholders, and the Directors of the Company were authorized to fix the remuneration of the auditors.
If you want to know who really controls Ur-Energy Inc. (TSE:URE), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have insti...
TSX: EFR) ("Energy Fuels") are pleased that on April 14, 2019 the U.S. Department of Commerce ("DOC") submitted a report to the White House on DOC's investigation into the effects of uranium imports on U.S. national security. Uranium imports, increasingly from state-owned enterprises in adversarial countries like Russia and its allies, created a stark national security crisis. The once robust American uranium mining industry is disappearing because a flood of state-subsidized imports has made fair competition impossible.
LITTLETON, Colo., April 11, 2019 /PRNewswire/ -- Ur-Energy Inc. (NYSE American:URG)(URE.TO) (the "Company" or "Ur-Energy") is pleased to provide the following operational results for first quarter 2019. For the quarter, 22,551 pounds of U3O8 were captured within the Lost Creek plant, and 21,015 pounds of U3O8 were packaged in drums at the Lost Creek processing plant. No shipments of product were made to the conversion facility during the quarter. At March 31, 2019, inventory at the conversion facility was approximately 375,803 pounds U3O8.
LITTLETON, Colo. , March 27, 2019 /PRNewswire/ -- Ur-Energy Inc. (NYSE American:URG) (TSX:URE) announces that its Chairman, Jeffrey Klenda , will present at the Spring Investor Summit (formerly, The MicroCap ...
I've been keeping an eye on Ur-Energy Inc. (TSE:URE) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe URERead More...