BlackRock Inc. acquired 28.6 million shares of Ur-Energy Inc. The investment totaled approximately $38.94 million. This purchase gives BlackRock a 7.2% ownership stake in the uranium mining company.
Insiders sold 587,005 shares over the last three months. These transactions were valued at approximately $838,231. Notably, two directors reduced their individual holdings by more than 13% in August.
Ur-Energy reported a quarterly loss of $0.04 per share. This figure missed analyst expectations. Revenue for the period reached $14.37 million, which was largely in line with estimates.