10-Q Filing

UR-ENERGY INC CIK: 1375205 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001654954-23-010220`
Period End Date	20230630
Filing Date	20230807
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	urg_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 64 Cash Flow Statement 62 Stockholders Equity 35

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$43.27M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$41.00K	USD	Point-in-time
Inventory	`InventoryNet`	$9.90M	USD	Point-in-time
Inventory	`InventoryNet`	$6.28M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.03M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.45M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$8.32M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$8.14M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$35.10M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$35.68M	USD	Point-in-time
Capital assets	`PropertyPlantAndEquipmentNet`	$20.13M	USD	Point-in-time
Capital assets	`PropertyPlantAndEquipmentNet`	$20.73M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$64.15M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$63.95M	USD	Point-in-time
Total assets	`Assets`	$107.89M	USD	Point-in-time
Total assets	`Assets`	$139.61M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$5.37M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$5.52M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$70.00K	USD	Point-in-time
Current portion of warrant liability	`CurrentPortionOfWarrantsLiability`	-	USD	Point-in-time
Current portion of warrant liability	`CurrentPortionOfWarrantsLiability`	$692.00K	USD	Point-in-time
Environmental remediation accrual	`EnvironmentalRemediationAccrual`	$69.00K	USD	Point-in-time
Environmental remediation accrual	`EnvironmentalRemediationAccrual`	$69.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.10M	USD	Point-in-time
Notes payable	`NotesPayable`	$5.69M	USD	Point-in-time
Notes payable	`NotesPayable`	$2.89M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$336.00K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$16.00K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$30.70M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$30.98M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$7.88M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$2.38M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$38.79M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$42.09M	USD	Point-in-time
Share capital	`CommonStockValue`	$293.60M	USD	Point-in-time
Share capital	`CommonStockValue`	$258.65M	USD	Point-in-time
Contributed surplus	`SurplusNotes`	$20.23M	USD	Point-in-time
Contributed surplus	`SurplusNotes`	$19.84M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.26M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-228.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-220.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$96.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$89.41M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$66.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.17M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$139.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$107.89M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$19.00K	USD	1 Quarter
Sales	`Revenues`	$6.49M	USD	2 Qtrs
Sales	`Revenues`	$19.00K	USD	2 Qtrs
Sales	`Revenues`	$39.00K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.66M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.38M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$2.95M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$9.46M	USD	2 Qtrs
Gross loss	`GrossProfit`	$-2.97M	USD	2 Qtrs
Gross loss	`GrossProfit`	$-2.91M	USD	1 Quarter
Gross loss	`GrossProfit`	$-1.64M	USD	1 Quarter
Gross loss	`GrossProfit`	$-3.37M	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$6.02M	USD	1 Quarter
Operating costs	`OperatingExpenses`	$6.76M	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$9.08M	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$3.46M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.05M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.12M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.10M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.93M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-163.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-337.00K	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$460.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$673.00K	USD	2 Qtrs
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$4.89M	USD	1 Quarter
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$3.06M	USD	2 Qtrs
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$1.19M	USD	1 Quarter
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$1.92M	USD	2 Qtrs
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$21.00K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$322.00K	USD	2 Qtrs
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$10.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.25M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-353.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.28M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-117.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$158.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-434.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$50.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.43M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.40M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-195.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.23M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	219.15M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	264.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	253.37M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	218.21M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	218.21M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	264.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	253.37M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-7.28M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-8.00M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$725.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$261.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$266.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$253.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$464.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$519.00K	USD	2 Qtrs
Net realizable value adjustments	`NetRealizableValueAdjustments`	$5.83M	USD	2 Qtrs
Net realizable value adjustments	`NetRealizableValueAdjustments`	$3.38M	USD	2 Qtrs
Amortization of mineral properties	`AmortizationOfMineralProperties`	$624.00K	USD	2 Qtrs
Amortization of mineral properties	`AmortizationOfMineralProperties`	$624.00K	USD	2 Qtrs
Depreciation of capital assets	`Depreciation`	$973.00K	USD	2 Qtrs
Depreciation of capital assets	`Depreciation`	$909.00K	USD	2 Qtrs
Accretion expense	`AccretionExpense`	$247.00K	USD	2 Qtrs
Accretion expense	`AccretionExpense`	$225.00K	USD	2 Qtrs
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$-22.00K	USD	2 Qtrs
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$-22.00K	USD	2 Qtrs
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$4.89M	USD	1 Quarter
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$3.06M	USD	2 Qtrs
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$1.19M	USD	1 Quarter
Warrant liability revaluation gain	`WarrantLiabilityRevaluationGainLoss`	$1.92M	USD	2 Qtrs
Unrealized foreign exchange gain	`ForeignCurrencyTransactionGainLossUnrealized`	$7.00K	USD	2 Qtrs
Unrealized foreign exchange gain	`ForeignCurrencyTransactionGainLossUnrealized`	$316.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.20M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.38M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$243.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$150.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$582.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$556.00K	USD	2 Qtrs
Net cash provided by used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.96M	USD	2 Qtrs
Net cash provided by used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.40M	USD	2 Qtrs
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$85.00K	USD	2 Qtrs
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	2 Qtrs
Net Cash Provided By Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.00K	USD	2 Qtrs
Net Cash Provided By Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.19M	USD	2 Qtrs
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStock`	$3.31M	USD	2 Qtrs
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStock`	$46.64M	USD	2 Qtrs
Share issue costs	`ShareIssueCosts`	$-3.00M	USD	2 Qtrs
Share issue costs	`ShareIssueCosts`	$-10.00K	USD	1 Quarter
Share issue costs	`ShareIssueCosts`	$-2.99M	USD	1 Quarter
Share issue costs	`ShareIssueCosts`	$-83.00K	USD	2 Qtrs
Proceeds from exercise of warrants and stock options	`ProceedsFromStockOptionsExercised`	$421.00K	USD	2 Qtrs
Proceeds from exercise of warrants and stock options	`ProceedsFromStockOptionsExercised`	$297.00K	USD	2 Qtrs
Repayment of debt	`RepaymentsOfDebt`	-	USD	2 Qtrs
Repayment of debt	`RepaymentsOfDebt`	$2.67M	USD	2 Qtrs
Net Cash Provided By Used In Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.65M	USD	2 Qtrs
Net Cash Provided By Used In Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$41.27M	USD	2 Qtrs
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.00K	USD	2 Qtrs
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-32.00K	USD	2 Qtrs
Increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.14M	USD	2 Qtrs
Increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.86M	USD	2 Qtrs
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.16M	USD	Point-in-time
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.29M	USD	Point-in-time
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.14M	USD	Point-in-time
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.28M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.16M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.29M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.14M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.28M	USD	Point-in-time

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$69.39M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$62.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$96.56M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$89.41M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$66.64M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$65.17M	USD	Point-in-time
Exercise of stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$171.00K	USD	1 Quarter
Exercise of stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$56.00K	USD	1 Quarter
Exercise of stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$298.00K	USD	1 Quarter
Exercise of warrants, amount	`ExerciseOfWarrantsAmount`	$308.00K	USD	1 Quarter
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$1.19M	USD	1 Quarter
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$2.13M	USD	1 Quarter
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$37.53M	USD	1 Quarter
Share issue costs	`LessShareIssueCosts`	$-53.00K	USD	1 Quarter
Share issue costs	`LessShareIssueCosts`	$-30.00K	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	$725.00K	USD	2 Qtrs
Stock compensation	`ShareBasedCompensation`	$261.00K	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	$266.00K	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	$253.00K	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	$464.00K	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	$519.00K	USD	2 Qtrs
Comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$-1.03M	USD	1 Quarter
Comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$-195.00K	USD	1 Quarter
Comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$-7.40M	USD	1 Quarter
Comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$-7.04M	USD	1 Quarter
Share issue costs	`ShareIssueCosts`	$-3.00M	USD	2 Qtrs
Share issue costs	`ShareIssueCosts`	$-10.00K	USD	1 Quarter
Share issue costs	`ShareIssueCosts`	$-2.99M	USD	1 Quarter
Share issue costs	`ShareIssueCosts`	$-83.00K	USD	2 Qtrs
Balance, amount	`StockholdersEquity`	$69.39M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$62.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$96.56M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$89.41M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$66.64M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$65.17M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.