ROCK SPRINGS — Sweetwater County commissioners agreed to sign documents last week suspending principal payments for a struggling Sweetwater County uranium mine.

Roger Smith, president and chief financial officer of Ur-Energy, came before commissioners to explain difficulties facing the U.S. uranium industry that have affected the Lost Creek mine and to ask them to sign documents that would allow the company to make interest only payments for 18 months on a loan balance of $12.4 million. The original loan was for $34 million in 2013 to develop the Lost Creek facility.

Uranium imports have hit the industry hard, according to Smith. Ur-Energy joined with another U.S.-based uranium company, Energy Fuels, in petitioning the U.S. Secretary of Commerce to investigate the effect

of uranium imports on national security and consider limiting uranium imports.

On July 12, President Donald Trump announced that the U.S. Department of Commerce (DOC) found that imports of uranium are a threat to U.S. national security. Trump established the U.S. Nuclear Fuel Working Group to further study U.S. nuclear fuel production, including uranium mining, as the next phase of this investigation.

In August, Ur-Energy announced a reduction in force, primarily affecting employees at its Lost Creek facility. As a result of the White House decision to not take action at this time, the company said it was compelled to respond and initiate significant cost‐saving measures that included a reduction in force affecting 10 employees.

Sweetwater County commissioners agreed to sign documents last week suspending principal payments for a struggling Sweetwater County uranium mine.

Roger Smith, president and chief financial officer of Ur-Energy, came before commissioners to explain difficulties facing the U.S. uranium industry that have affected the Lost Creek mine and to ask them to sign documents that would allow the company to make interest only payments for 18 months on a loan balance of $12.4 million. The original loan was for $34 million in 2013 to develop the Lost Creek facility.

Uranium imports have hit the industry hard, according to Smith. Ur-Energy joined with another U.S.-based uranium company, Energy Fuels, in petitioning the U.S. Secretary of Commerce to investigate the effect

of uranium imports on national security and consider limiting uranium imports.

On July 12, President Donald Trump announced that the U.S. Department of Commerce (DOC) found that imports of uranium are a threat to U.S. national security. Trump established the U.S. Nuclear Fuel Working Group to further study U.S. nuclear fuel production, including uranium mining, as the next phase of this investigation.

In August, Ur-Energy announced a reduction in force, primarily affecting employees at its Lost Creek facility. As a result of the White House decision to not take action at this time, the company said it was compelled to respond and initiate significant cost‐saving measures that included a reduction in force affecting 10 employees.

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