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Ramp-up at Lost Creek in 2023 led to operation of the first two new header houses in Mine Unit 2 (MU2). Our Q4 production figures reflect the progress made in wellfield operations: in 2023, we captured approximately 103,487 pounds U3O8, of which 68,448 pounds U3O8 were captured in Q4. The average production grade in Q4 was 93.9 mg/l.
During 2023, we sold 280,000 pounds U3O8 from existing inventory for $17.3 million. At December 31, 2023, we had cash and cash equivalents of $59.7 million. Our sales in 2024 are projected at 570,000 pounds U3O8 into contracts that were put in place in 2022 when the long-term price was well below $60 per pound. We look forward to delivering our product into these commitments from existing inventory and new production.
Posted In: URG
