Wyoming
Wyoming-Based Ur-Energy Offers $60M Stock Sale To Grow Uranium…
Ur-Energy Inc. said Friday that it’s raising $60 million in a public offering of stock to help pay for possible acquisitions of mining claims in the fragmented uranium industry and to ramp up development of mining projects.
Much of the U.S. uranium boom is happening in Wyoming.
“We are preparing our war chest so that we are ready for any opportunities. There is nothing that we can discuss publicly,” said John Cash, chairman, CEO and president of Casper-based Ur-Energy.
“There certainly is room for consolidation and efficiencies at the mine and at the corporate level,” Cash told Cowboy State Daily. “We think there are some strong possibilities for consolidation in the industry.”
The chief executive declined to discuss potential takeover targets or say whether his company had been approached with an offer.
“To be clear, we have no direct line or sight on anything. We are just being prepared in case anything becomes available,” Cash said.
In a filing made Friday, the company mentioned that it “frequently evaluates” acquisition opportunities to expand its portfolio of uranium projects.
“We are currently bidding on an acquisition opportunity involving a significant nonproducing uranium asset in the United States, although there is no certainty that we will continue to pursue that bid or be successful in acquiring the asset,” the filing stated.
No other details were made available.
Consolidation Picks Up
Evidence of consolidation in the uranium space in Wyoming and globally is beginning to emerge.
For instance, Australian-based Paladin Energy Ltd.’s $1.14 billion all-stock takeover of Canada’s Fission Uranium Corp. would make the combined entity the third largest publicly traded uranium producer in the world.
The combination, which was announced last month, is expected to close in the fall.
The business would rank the combined Paladin and Fission Uranium as third in output behind top producer Kazatomprom, which is controlled by the government of Kazakhstan, and Canada’s Cameco Corp., which has uranium positions throughout Wyoming and in the eastern neighboring state of Nebraska.
Kazatomprom is the world’s largest producer and seller of uranium.
Cameco’s facilities include the Smith Ranch-Highland in situ uranium mine near Glenrock and a satellite in situ uranium mine near Wright, as well as the Crow Butte in situ uranium mine near Crawford, Nebraska.
In-situ mining involves drilling with water derricks that can go down a few hundred feet into a bed of porous sandstone where there’s a very thick layer of uranium deposits to tap.
Cameco also operates uranium processing factories at Smith Ranch-Highland and Crow Butte where they can produce up to 7.5 million pounds of uranium yellowcake each year that, after further processing elsewhere, becomes fuel for nuclear reactors.
Besides the Paladin and Fission Uranium deal, two smaller uranium mining companies based in Canada merged in recent months.
ATHA Energy and Latitude Uranium completed their merger in March while IsoEnergy combined with Consolidated Uranium in December.
‘Little On The Larger Size’
Cash told Cowboy State Daily that his company’s $60 million stock offering is “a little on the larger size,” but there are larger mining companies that have raised several hundreds of millions of dollars in the uranium space.
Though smaller than Ur-Energy’s raise, Canadian Global Atomic Corp. made a $14.5 million (U.S.) stock sale to a group of private investors earlier this week.
The money is needed for a uranium project in the Republic of the Niger.
Over the past year, there has been a boom of uranium mining companies rushing to Wyoming to open mining and production facilities as the U.S. government has stepped in to embrace the industry’s strategic importance and push a “green revolution” agenda, according to Ur-Energy.
Ur-Energy anticipates using some of the proceeds from the public offering of 57.2 million shares to supplement working capital for the continued ramp-up at its Lost Creek mining and production site in Wyoming’s Red Desert and development at its Shirley Basin mine in central Wyoming.
Since Russia’s invasion of Ukraine in 2022, uranium companies rushed to Wyoming while others took their dormant operations out of caretaker status as part of a broader effort in the industry to develop an alternative enriched domestic uranium fuel supply.
The invasion of Ukraine led to growing nervousness in the U.S that the nation was relying too heavily on foreign sources, especially since Russia already was a major fuel supplier.
The U.S. took steps to alleviate over-dependence on Russia should the fuel supply line get cut.
Wyoming’s senior Sen. John Barrasso spearheaded an effort to ban Russian uranium imports that was signed into law by President Joe Biden in May.
Companies like Ur-Energy are being closely watched to see what kind of impact the resurgence in the industry might have on their bottom lines.
Pat Maio can be reached at pat@cowboystatedaily.com.
Wyoming
Snowpack In The South Laramie Range At Just Three Percent Of Normal Levels
The snowpack in the South Laramie Range in southeast Wyoming as of Monday was at three percent of normal, according to the Cheyenne Office of the National Weather Service.
And while other mountain ranges in southeast Wyoming were not nearly that low in snowpack, they were still well below normal at last report.
The agency posted the following on its website:
February was yet another warm and dry month, continuing the pattern that has dominated our area since last fall. Mountain snowpack remains well below average in southeast Wyoming, especially in the Laramie Range where snowpack is at an all time record low. For the plains, some light snow fell last month, but it was not enough to keep from increasing seasonal snowfall deficits. Cheyenne is off to its 4th least snowy start to the season since records began in the 1880s, and Scottsbluff has received the 2nd least snow since record began in the 1890s. We are now approximately two-thirds of the way through the snow accumulation season, with a little more than one-third to go in March, April, and into early May.
But the good news is that after a wet 24 hours on Monday night/Tuesday, more snow may be headed our way on Friday.
Cheyenne, Laramie Forecasts
Cheyenne Forecast
Tonight
A slight chance of rain and snow showers before 11pm. Cloudy during the early evening, then gradual clearing, with a low around 24. West wind around 5 mph. Chance of precipitation is 20%.
Wednesday
Sunny, with a high near 55. West wind around 10 mph.
Wednesday Night
Partly cloudy, with a low around 30. West wind 5 to 10 mph.
Thursday
A slight chance of rain showers after 11am, mixing with snow after 5pm. Partly sunny, with a high near 59. West wind 5 to 10 mph becoming south southeast in the afternoon. Chance of precipitation is 20%.
Thursday Night
Rain and snow showers likely, becoming all snow after 11pm. Mostly cloudy, with a low around 25. Blustery. Chance of precipitation is 70%.
Friday
Snow showers. High near 32. Breezy. Chance of precipitation is 90%.
Friday Night
A chance of snow showers before 11pm. Partly cloudy, with a low around 18.
Saturday
Sunny, with a high near 44. Breezy.
Saturday Night
Mostly clear, with a low around 29. Breezy.
Sunday
Mostly sunny, with a high near 54. Breezy.
Sunday Night
Mostly clear, with a low around 35. Breezy.
Monday
Mostly sunny, with a high near 62. Breezy.
Monday Night
A slight chance of rain and snow showers. Partly cloudy, with a low around 35.
Tuesday
A chance of rain and snow showers. Partly sunny, with a high near 54. Breezy.
Laramie Forecast
Tonight
Mostly cloudy, then gradually becoming mostly clear, with a low around 20. Calm wind becoming south around 5 mph after midnight.
Wednesday
Sunny, with a high near 48. South wind 5 to 10 mph becoming west southwest in the afternoon.
Wednesday Night
Increasing clouds, with a low around 27. South wind around 5 mph.
Thursday
A slight chance of rain and snow showers after 11am. Mostly sunny, with a high near 52. Southwest wind 5 to 10 mph. Chance of precipitation is 20%.
Thursday Night
Snow showers. Low around 23. Chance of precipitation is 80%.
Friday
Snow showers. High near 31. Chance of precipitation is 90%.
Friday Night
A chance of snow showers before 11pm. Mostly cloudy, with a low around 13.
Saturday
Sunny, with a high near 39.
Saturday Night
Mostly clear, with a low around 25.
Sunday
Sunny, with a high near 48. Breezy.
Sunday Night
Mostly clear, with a low around 32.
Monday
Mostly sunny, with a high near 54. Breezy.
Monday Night
A slight chance of snow showers. Mostly clear, with a low around 33.
Tuesday
A chance of snow showers. Partly sunny, with a high near 50. Breezy.
2026 WHSAA Wyoming State Wrestling Championship
Gallery Credit: Kolby Fedore, TSM
Wyoming
Search and rescue license plates raise $33K at auction for statewide fund
Wyoming
This Small Wyoming Town Has The Best Downtown
If you’re planning on visiting Wyoming, for a truly authentic experience, you must include at least one of the state’s awesome downtowns in your travel plans. Positioned at the southern end of the 60-mile-long valley known as Jackson Hole, the character-rich town of Jackson is one such place to consider. A wonderful place to explore on foot, Jackson’s unique downtown, with its Old West vibe, spreads out from the intersection of Broadway and Cache Street. While it consists of just a few blocks, it is jam-packed with fun things to do, no matter what time of year you visit. Its impressive elk arch makes for an excellent photo opportunity, while the charm of its Old West heritage exudes from the historic buildings, cowboy-themed bars, and art installations across town. The wild past also comes to life in Jackson during the Jackson Hole Shootout at the Town Square, a tradition that has endured since 1957.
Town Square And The Elk Antler Arches
Though Jackson’s Central Park is officially known as George Washington Memorial Park, locals and visitors alike prefer to call it Town Square. Dedicated in 1934, this centrally located public space occupies the block at Broadway and Cache and is famous for the elk antler archers set at each of its corners.
Made entirely from naturally shed elk antlers, the first arch was erected by local Boy Scouts and Rotary Club members in 1953, with the other three added a few years later. Each consists of around 2,000 antlers collected from the nearby National Elk Refuge and is among the most photographed landmarks in Wyoming.
For a truly memorable experience, try to time a visit to coincide with ELKFEST. Held in May, this community-wide celebration attracts visitors from across the country for events like the Mountain Man Rendezvous, a reenactment of the state’s early fur trading years.
The main event, though, is the highly anticipated Elk Antler Auction. Bidders from far and wide turn up at Town Square to purchase antlers, which are then used to make everything from furniture to jewelry (proceeds going back to the Elk Refuge).
Jackson’s Cowboy Heritage
From Memorial Day through Labor Day, Town Square becomes the backdrop of the famous Jackson Hole Shootout. This fun (and free) mock gunfight has been entertaining visitors since 1957 and includes several costumed outlaws and lawmen shooting it out (with blanks, of course). You can add to the experience by hopping aboard the Jackson Hole Stagecoach, a ride aboard a century-old coach that loops around downtown.
The Old West theme is evident in other spots around the downtown core, too. Steps from Town Square, the Million Dollar Cowboy Bar has been around since 1937 and is set in what was once the town’s first bank in the late 1890s. Highlights include its hand-carved bar top with silver dollars embedded in it, as well as its cool saddle barstools. Live music is regularly scheduled on the stage that has seen such legends as Willie Nelson and Hank Williams Jr. perform.
The Wort Hotel is another downtown landmark you’ll want to include in your Jackson itinerary. A local fixture since 1941, it’s here you’ll find the famous Silver Dollar Bar with its custom-made S-shaped counter inlaid with 2,032 uncirculated (and therefore rare) 1921 silver dollars. You’ll also want to check out its priceless collection of original Western art.
Other Fun Stuff To Do In Downtown Jackson
In addition to its iconic bars, downtown Jackson also boasts a world-class food scene. Highlights include Persephone Bakery, its old-fashioned stone hearth turning out delicious baked goods, including croissants and artisanal bread. Also yummy, Cafe Genevieve occupies an old log cabin and serves breakfast and lunch with a Southern-inspired menu.
Jackson’s art scene is also worth a mention. Art galleries are plentiful in the downtown area, with establishments like Astoria Fine Art and Mountain Trails Galleries, both on Town Square, featuring works by local, national, and international artists. The Center for the Arts is another cultural high point and features performance spaces, visual arts studios, and an outdoor sculpture park.
Snow King Mountain
Another unique feature of Jackson’s downtown is its proximity to some of Wyoming’s best (and certainly most accessible) ski hills. The base of Snow King Mountain is just six blocks from Town Square and has been in use since 1936, and really took off when Wyoming’s first chairlift opened here in 1946.
Dubbed the “Town Hill” by locals, Snow King now consists of 500 skiable acres, 41 named runs, three chairlifts, an eight-passenger gondola, and night skiing. In warmer months, the action shifts to a thrilling Cowboy Coaster, a zipline, a treetop adventure ropes course, and an alpine slide.
The Snow King Observatory and Planetarium is another excuse to head for the hills from downtown Jackson. Located at the summit of Snow King Mountain, in addition to its large telescope, this must-see attraction features a planetarium theater and a rooftop observation deck boasting incredible views over Jackson and the Jackson Hole Valley.
Explore Jackson’s Not-So-Wild Side
Downtown Jackson has so much to offer visitors seeking an authentic slice of Wyoming life. From its unique elk antler arches to its art galleries and cowboy culture, as well as its unique position steps from the ski hills, few towns in the USA’s Mountain Region can match the long list of fun things to do in Jackson’s downtown core.
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