Ur-Energy targets low-risk growth near Lost Creek

Geiger Counter Ltd

Ur-Energy has reported progress across two of its growth-stage uranium projects in Wyoming’s Great Divide Basin, aiming to enhance future production optionality while leveraging operational synergies with its existing Lost Creek facility. The company’s recent drilling activity at North Hadsell and hydrogeological work at Lost Soldier reflect a broader strategy to expand its resource base through technically grounded, proximity-based development.

At Lost Soldier, located approximately six miles from Lost Creek, Ur-Energy is conducting hydrogeological tests to inform a revised resource estimate. Eighteen aquifer wells have been installed, with testing scheduled to begin early in 2026. These efforts are designed to characterise the in-situ recovery potential of the site and will support a forthcoming technical report expected before year-end. Roll-front mapping across the area has already confirmed trends typical of recoverable uranium mineralisation.

Meanwhile, North Hadsell, roughly four miles from Lost Soldier, has seen encouraging early-stage drilling outcomes. Ur-Energy completed 16 wide-spaced rotary drill holes as part of a planned 50-hole programme. Five of these holes intercepted uranium mineralisation above reportable thresholds, revealing stacked roll-front zones similar to those seen at Lost Creek.

Geiger Counter Limited (LON:GCL) is a Jersey closed-end investment company, which invests in uranium exploration and production stocks.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Uranium’s strategic role sharpens as nuclear demand builds

Uranium is gaining investor attention as nuclear power returns to the centre of energy security, grid reliability and long-term decarbonisation planning.

Ur-Energy advances US uranium growth with Shirley Basin start-up

Geiger Counter portfolio holding Ur-Energy has started mining at Shirley Basin, strengthening its US uranium production platform.

Uranium supply pressure puts nuclear fuel markets back in focus

Uranium is back in focus as reactor demand rises, inventories tighten and utilities look for reliable long-term nuclear fuel supply.

Uranium mining bottleneck sharpens investor focus

Uranium mine supply remains tight just as nuclear demand, energy security and AI power needs are lifting investor interest.

Geiger Counter confirms share subscription outcome and future rights

Shareholders subscribed for the majority of new shares under current rights, with a secondary placing planned for the remainder. The next subscription opportunity is scheduled for 30 April 2027 at a price linked to net asset value.

Energy shock puts nuclear power back on the investment agenda

Nuclear power is gaining fresh investor relevance as Asia and Africa respond to energy supply shocks with stronger long-term commitments to reliable, lower-carbon electricity.

Search