Ur-Energy Inc. (NYSE:URG ) Q2 2024 Earnings Call Transcript August 27, 2024 11:00 AM ET Company Participants Penne Goplerud - General Counsel John Cash - Chairman and CEO Roger Smith - CFO Steve Hatten - COO Operator Greetings. Welcome to your Ur-Energy's 2024 Second Quarter Earnings Conference Call.
Ur Energy (URG) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago.
Although clean energy sources are often in the spotlight, challenges to adoption and AI-driven electricity demands mean that other energy sources are here to stay. And specifically, we need nuclear energy.
The uranium market has experienced a significant rise due to the rising demand outlook for nuclear energy and constrained supply. Ur-Energy is well-positioned to benefit from this market due to its established production base in the U.S., low-cost operations, and ability to quickly ramp up supply. The company is also debt-free, cash-rich, and has significant experience in Uranium production.