2.7

Million Pounds

of uranium through 2021 Q2

3.1%

CAGR Increase

in global uranium demand is expected through 2025

36000

Acres

of uranium project areas are under Ur-Energy's operation


The Path to Drawdown: Nuclear Power

Addressing climate change and staying below 1.5ºC of global warming compared to pre-industrial levels means that the world’s electricity source needs to switch from fossil fuels to 100% emissions-free sources by 2050. Nuclear power needs to be a significant component in the energy mix of that decarbonized future.

Extremely powerful and efficient in generating electricity, nuclear power has reduced CO2 emissions by over 60 gigatonnes over the last fifty years - equivalent to nearly 2 years’ worth of global energy-related emissions. Unlike solar and wind, electric generation from nuclear power is stable and constant. The cost of building new plants is still very high, but once built, the energy is relatively cheap. With Generation III reactors on the horizon, nuclear power is becoming safer, cheaper, and more efficient.

Nuclear power accounts for 10.5% of global electricity generation today. To be on a path to remain under 1.5C° of warming, nuclear power needs to grow mildly in the next three decades:

About

Ur-Energy Inc. (stock ticker: URG) engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. The company was incorporated in 2004 and is headquartered in Littleton, Colorado.

URG's Role in Drawdown

Ur-Energy explores uranium mineral properties and has a stake in 12 projects in the U.S, helping power nuclear energy, a Drawdown solution. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 36,000 acres located in the Great Divide Basin, Wyoming.

URG: What We Like

We'll update this section once Ur-Energy makes sustainability information available.

URG: What We Want to See Improve

Disclose Sustainability Metrics


While nuclear power generation is emissions-free, mining and refining uranium ore, making reactor fuel, and manufacturing the power plant and equipment require large amounts of energy. Ur-Energy should disclose the sustainability of all of these activities and operations. In particular, we'd like to know whether they rely on fossil fuels to mine and refine uranium and the sources of energy that power their plant.

Set Clear Targets


Ur-Energy needs to set clear targets on enhancing the sustainability of their operations. If they are responsible for greenhouse gas emissions, how do they plan to cut these emissions? Plans for improving energy efficiency or increasing the share of renewable and clean energy for their operations? We'd like to know.

Other Nuclear Power Stocks in the Climate Index

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