The agreement relates to production from the company’s Lost Creek project in Sweetwater County, Wyoming.
The long-term contract calls for deliveries over a three-year period at a defined price for the term of the agreement.
The company said that the purchaser has nuclear power plants in several states.
Ur-Energy president and CEO Bill Boberg said that with the recent receipt of the draft license from the NRC, the company’s production timeline is sufficiently clear that it is pursuing uranium sales opportunities.
"Stronger spot pricing will allow the company to lock in favorable profits," Boberg said.
