Q3 2009 Projects Update Teleconference and Webcast
Thursday, November 12, 2009
Q3 2009 Webcast Presentation PDF
North America's Premier Junior Uranium Mining Company
Ur-Energy is a dynamic junior mining company focusing on exploration and development of uranium properties in the United States and in Canada. Ur-Energy trades on the Toronto Stock Exchange under the symbol URE and on the NYSE: Amex under the symbol URG.
Ur-Energy is completing permitting activities to bring its Lost Creek Wyoming uranium deposit into production and to build a two-million-pounds-per-year processing facility. With adequate funds and technical depth unmatched among North American juniors, Ur-Energy is well positioned to be the next uranium producer in Wyoming in late 2010 – early 2011. In addition, Ur-Energy’s project pipeline is supported by an extensive, valuable exploration database and intensive analysis programs, providing for great exploration and development potential.
Our Prime Focus
Ur-Energy is engaged in uranium exploration and development across North America. The Company’s prime focus is to develop its roll front style uranium development projects with In-Situ Recovery (ISR) potential located in Wyoming. The technical team in the Casper office is fully engaged in permitting the Lost Creek deposit leading to ISR mining in late 2010-2011.
In-Situ Recovery (ISR)
In-situ is a Latin word that literally means “in the place.” Unlike conventional mining methods, in situ recovery (ISR) removes the ore while leaving the rock “in the place.” ISR utilizes a series of EPA Class III wells to inject native groundwater, fortified with oxygen and baking soda into the ore zone. This solution is commonly referred to as lixiviant. The lixiviant dissolves uranium as it is drawn through the ore zone by a pump in a nearby production well. The pump in the production well collects the uranium laden water and sends it to the processing plant where the uranium is removed by ion exchange. The water is then refortified with oxygen and baking soda and sent back to the ore zone to recover more uranium. The native groundwater continues in this cycle until uranium extraction is complete.
In situ recovery has several significant advantages over conventional mining. First, the environmental impact is minimal, as there is little surface disturbance and the affected water is restored at the conclusion of mining. Second, it is lower cost, allowing Wyoming’s low grade deposits to compete globally with the very high grade deposits of Canada. Finally, the method is safe and proven, resulting in minimal employee exposure to health risks.
| Updated 1/31/10 |