on Ur-Energy Inc. (NASDAQ:URG)
Ur-Energy Applauds Trump's Executive Orders on Nuclear Energy
Ur-Energy Inc., a prominent U.S. uranium mining company, has expressed support for President Trump's recent Executive Orders aimed at revitalizing the U.S. nuclear industry. Announced on May 23, 2025, these orders seek to quadruple nuclear energy capacity from 100 GW in 2024 to 400 GW by 2050, emphasizing national security.
The directives call for the development of advanced reactors, workforce growth, and regulatory reform. The U.S. Department of Energy will work with the nuclear sector to add 5 GW to current reactors and begin construction on ten more by 2030. These actions aim to sustain the global nuclear power demand.
Ur-Energy's Lost Creek Mine is ramping up production, and Shirley Basin is set to begin production in early 2026, reflecting the company's readiness to meet increased uranium demand. With $66 million in cash resources, Ur-Energy is well-positioned to expand its operations and resource base.
R. H.
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