On Tuesday, Ur-Energy Inc. announced that it has entered into a strategic marketing arrangement with NuCore Energy, LLC. According to the agreement, NuCore will provide uranium marketing advisory and professional services to Ur-Energy. NuCore will also exclusively negotiate uranium sales agreements for the production derived from the company’s Lost Creek uranium ISR project.
Founded in early 2009 by James Cornell, NuCore is a North American company that focuses on advising businesses across the commercial nuclear fuels market and services sector. Mr. Cornell, NuCore’s President and CEO, has over 24 years of experience in the nuclear industry and nuclear fuels marketing. Under the arrangement, Mr. Cornell will represent Ur-Energy exclusively in negotiation of uranium off-take purchase agreements for future production and will provide professional advisory services.
Mr. Cornell commented, “I have a great deal of respect for Ur-Energy’s management team and am looking forward to working together with them to realize Ur-Energy’s very impressive potential.”
This alliance provides Ur-Energy with broad based benefits including expertise in uranium sales and marketing, greater access to the North American and global markets through an individual that has developed strong relationships with utilities and other key groups, and experienced execution of a well planned growth strategy.
Ur-Energy Executive Chairman Mr. Jeff Klenda said, “We are most pleased to announce Mr. Cornell’s new role in the growth strategy of Ur-Energy. Jim is one of the foremost experts in the nuclear fuel marketing field and this strategic relationship will be a key element in advancing Ur-Energy’s sales and marketing strategy.”
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