Ur-Energy (URG) Reopens a Wyoming Uranium Mine That Has Been Idle Since 1992
Key takeaways
- Ur-Energy (URG) Reopens a Wyoming Uranium Mine That Has Been Idle Since 1992 Neha Gupta Fri, May 15, 2026 at 10:47 PM GMT+7 2 min read URG Ur-Energy Inc.
- The company detailed that the Shirley Basin project uses in situ recovery, or ISR, technology, which is a low-impact extraction method.
- Shirley Basin carries a licensed annual wellfield and toll processing capacity of up to 2 million pounds of triuranium octoxide, or U3O8, which is a stable chemical compound of uranium.
Ur-Energy (URG) Reopens a Wyoming Uranium Mine That Has Been Idle Since 1992 Neha Gupta Fri, May 15, 2026 at 10:47 PM GMT+7 2 min read URG Ur-Energy Inc. (NYSEAMERICAN:URG) is one of the best uranium stocks to buy according to Wall Street analysts. On April 23, Ur-Energy Inc. (NYSEAMERICAN:URG) said it had commenced uranium mining operations at its Shirley Basin ISR project in central Wyoming. This project is the company’s second active uranium mine in the United States.
The company detailed that the Shirley Basin project uses in situ recovery, or ISR, technology, which is a low-impact extraction method. ISR involves recovering uranium-bearing groundwater through a network of wells, which is then adsorbed onto on-site ion exchange resin columns, and then transported for further processing. Ur-Energy added that active uranium capture from Mine Unit 1 is already underway. Uranium concentrations in the recovered solutions are expected to rise gradually as the wellfield is conditioned and additional production circuits are brought fully online, the company stated.
Shirley Basin carries a licensed annual wellfield and toll processing capacity of up to 2 million pounds of triuranium octoxide, or U3O8, which is a stable chemical compound of uranium. The basin sits on measured and indicated mineral resources of approximately 9.1 million pounds of U3O8 at an average grade of 0.22%. It also has an anticipated mine life of about nine years across three shallow mining units.