Ur Energy Inc (URE)

Ur-Energy Receives Final WDEQ Authorization to Transport Uranium-Loaded Resin from Shirley Basin to Lost CreekJune 29, 2026 7:00 AM
ACCESS NewswireCASPER, WY / ACCESS Newswire / June 29, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy"), a domestic uranium producer with ISR projects that are among the largest and lowest-cost in the United States, is pleased to announce a significant regulatory milestone for its Shirley Basin Project. The Company has received final authorization from the Wyoming Department of Environmental Quality (WDEQ) Uranium Recovery Program (URP) to advance from limited operations to full-scale uranium in situ recovery (ISR) operations, including transport of uranium-loaded resin from its Shirley Basin ISR mine to the Company's Lost Creek processing facility.The authorization follows a comprehensive preoperational inspection conducted by WDEQ staff pursuant to Radioactive Materials License WYSUA-2010. The WDEQ verified that all required safety systems, operating procedures, staffing, radiation safety programs and environmental monitoring programs were sufficient for safe operations and protective of human health and the environment.Uranium recovery operations commenced at Shirley Basin in April 2026, and to date, an estimated 10,500 pounds of uranium have been loaded onto resin. Shipments of loaded resin to Lost Creek will commence in the coming weeks as wellfield flow rates are steadily increased to full commercial levels.Integrated Satellite Production StrategyThe authorization advances Shirley Basin into full wellfield recovery operations and enables uranium-loaded resin to be transported to Lost Creek for final processing and recovery. By leveraging Lost Creek's established central processing plant for elution, precipitation, drying and drumming, Ur-Energy avoids duplicative infrastructure, improves capital efficiency and supports the scalable ramp-up of its second ISR operation.Matthew Gili, President and CEO, commented: "Receiving this regulatory authorization is a pivotal milestone for both Shirley Basin and Ur-Energy. It advances Shirley Basin from development into an active uranium-producing operation and strengthens our position as a reliable domestic producer with two operating ISR assets. Our teams have worked diligently to meet the highest standards of safety and environmental compliance, and we are excited to begin transporting uranium-loaded resin to Lost Creek as we expand production to help meet growing demand for U.S. uranium."About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek ISR uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U3O8 since operations began, and the Shirley Basin ISR operation in central Wyoming, where uranium recovery commenced in April 2026. Lost Creek and Shirley Basin have combined annual licensed production and toll-processing capacity of 4.2 million pounds of U3O8.Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under the symbol "URE." The Company's corporate headquarters is in Casper, Wyoming, and its registered office is in Ottawa, Ontario.Contact InformationValerie Kimball
IR Director

huge gains coming I believe

Suit Up and Get On Board
or
Stand Back Away from the Launch Pad

Ur-Energy Celebrates 100th Shipment of Yellowcake from Lost Creek ISR Uranium Mine, WyomingJune 17, 2026 7:00 AM
ACCESS NewswireCumulative Production Surpasses 3.5 Million Pounds U3O8, Reinforcing Leadership in Secure U.S. Uranium SupplyCASPER, WY / ACCESS Newswire / June 17, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy"), a domestic uranium producer with ISR projects that are among the largest and lowest-cost in the United States, is pleased to announce the completion of its 100th shipment of U3O8 uranium concentrate (yellowcake) from its flagship Lost Creek ISR facility in Wyoming.The milestone shipment departed the Lost Creek Plant on June 11, 2026, and brings Ur-Energy's total pounds of U3O8 shipped to over 3.5 million since operations began in 2013. The 100th shipment marks more than a decade of safe, reliable U.S. uranium production and underscores Ur-Energy's established role in supporting the domestic nuclear fuel supply chain. Ur-Energy employees commemorate the 100th shipment of yellowcake from the Lost Creek ISR facility on June 11, 2026Steve Hatten, Chief Operating Officer, commented: "Achieving our 100th shipment is a powerful testament to the operational excellence and consistency of our team at Lost Creek. For more than a decade, this facility has proven the efficiency and reliability of our ISR platform. Delivering more than 3.5 million pounds into the supply chain isn't just a historical milestone; it establishes the operational blueprint we are now executing to drive production growth across our portfolio."Lost Creek remains the cornerstone of Ur-Energy's production strategy. With the Company's second ISR uranium facility, Shirley Basin, having successfully initiated operations in April 2026, Ur-Energy is uniquely positioned to scale production to support the expanding demand for secure, domestic nuclear fuel.About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek ISR uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U3O8 since the commencement of operations, and the Shirley Basin ISR project in central Wyoming, which initiated operations in April 2026. The combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U3O8.Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate headquarters is in Casper, Wyoming and its registered office is in Ottawa, Ontario.Contact InformationValerie Kimball
IR Director

URG -
Don't Ignore Genetic Signalling telling you to Load Up -
Be Good to Your Genes, and Your Genes will be Good to You...
Load up if that's what they're tellin' ya to do...

National Bank Cuts Ur-Energy's Price Target to US$16 from US$17
10:58:00 AM ET, 06/10/2026 - MT Newswire

10:58 AM EDT, 06/10/2026 (MT Newswires) -- National Bank of Canada on Tuesday lowered Ur-Energy's (URE.TO) price target to US$16 from $17 with an outperform rating.

National Bank updated its model to reflect Ur-Energy's weaker-than-expected operating results in the third quarter of fiscal 2026.

The bank reduced its near-term production estimates for Ur-Energy across the Wyoming hub to reflect the production rates to date and the development progress of header houses required to enable an increase in production.

National Bank also applied a more conservative ramp at Ur-Energy's Texas hub.

The company's total net asset value fell 5% to $9.95 per share from $10.47 per share, driven by the lower volume, higher costs, and our slight reduction in the in-situ value attributed to the U.S. assets to reflect higher costs, according to the bank.

Ur-Energy traded at $2.18 per share at last look Wednesday on the Toronto Stock Exchange.

High-Altitude Gear Req'd
for Wed Thur and Friday
Head over to AirForce Surplus
to buy - then LOAD UP HEAVY

Down to $1.50 ?....Holy smokes.

I'm Ready to Fly! Anyone Else?

Oh, I see. Okay, well, must've been awfully snarly too tho eh ?
Or not.....Admin CAN be arbitrarily rather fickle.

Sheesh lookit URG here huh - Right back to 1.65 ? 'At's about a 24% decline

yes, i was in jail...apparently, i listed some names of people that i didn't like...

Ur-Energy Reports Results of Annual General and Special Meeting of ShareholdersJune 5, 2026 7:00 AM
ACCESS NewswireCASPER, WY / ACCESS Newswire / June 5, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company," "Ur-Energy" or "we"), a domestic uranium producer with ISR projects that are among the largest and lowest-cost in the United States, is pleased to announce the results of the Company's Annual General and Special Meeting of Shareholders held June 4, 2026, including the election of directors. Shareholders representing approximately 70.84% of the Company's issued and outstanding common shares were represented at the meeting.Each of the nominee directors listed in the Company's management proxy circular dated April 24, 2026, was elected as a director. The Company received proxies with regard to voting on the eight director nominees as follows:NomineeVotes For%Votes Against%Non-VotesJohn W. Cash205,087,42198.143,877,3981.8672,507,195Rob Chang205,052,48798.133,912,3321.8772,507,195Elmer W. Dyke205,009,03298.113,955,7861.8972,507,196Matthew D. Gili204,956,31198.084,008,5091.9272,507,194Gary C. Huber170,009,02881.3638,955,79018.6472,507,196Thomas H. Parker205,085,69298.143,879,1291.8672,507,193John Paul Pressey204,952,52698.084,012,2931.9272,507,195Kathy E. Walker204,828,02598.024,136,7961.9872,507,193The Company's independent auditor, BDO USA, P.C., was reappointed by the shareholders, and the directors of the Company were authorized to fix the remuneration of the auditor.The "say on pay" vote to approve executive compensation was approved with 97.63% of the votes cast voting for the non-binding advisory vote.The advisory vote on the preferred frequency of voting on executive compensation, or "say when on pay," was returned with a vote of 98.20% for every year, which was the recommendation made by the Company. A total of 0.23% of the votes were cast in favor of every two years and 0.70% in favor of every three years (with 0.87% abstaining). The Board of Directors has adopted the preference expressed by the shareholders in this advisory vote and will conduct advisory votes on executive compensation every year until the Company's next "say when on pay vote" in 2032.Renewal of the Company's Amended and Restated Stock Option Plan was approved by a majority of the votes represented (55.27%).About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek ISR uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U3O8 since the commencement of operations, and the Shirley Basin ISR project in central Wyoming, which initiated operations in April 2026. The combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U3O8.Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate headquarters is in Casper, Wyoming and its registered office is in Ottawa, Ontario.Contact InformationValerie Kimball
IR Director

Why Ur-Energy Stock Jumped Over 20% Today



Neha Chamaria, The Motley Fool
Tue, June 2, 2026 at 9:52 AM PDT 3 min read

Shares of Ur-Energy (NYSEMKT: URG) are on fire today, soaring 23% as of Tuesday noon.

There's no earnings report and no corporate updates. Instead, a multi-billion-dollar announcement just dropped elsewhere in the industry, and investors believe this single move could reshape the U.S. nuclear supply chain, instantly turning attention to Ur-Energy.

The uranium enrichment and Ur-Energy link
Urenco, a global supplier of uranium enrichment services and owned jointly by the U.K. and Dutch governments and two German utilities, has announced a multi-billion plan to expand capacity by nearly 50% at the only commercial uranium enrichment facility in the U.S.

So what does this have to do with Ur-Energy?

The thing is, natural uranium that's mined from the ground contains a minuscule amount of fissionable isotope and therefore has to be "enriched" further at facilities like Urenco's to make it usable for nuclear reactors.

These enrichment facilities cannot operate without a steady stream of raw uranium feedstock. That means Urenco's expanded facility will require large amounts of uranium, effectively giving domestic miners a large, long-term customer right in their own backyard.

Ur-Energy mines and processes uranium at its Lost Creek mine, and recently started mining at its Shirley Basin project in Wyoming. It's a historic restart as Shirley Basin has been suspended since the 1990s. That's one big reason investors view Ur-Energy as an immediate beneficiary of the massive upcoming enrichment pipeline from Urenco.

What this means for Ur-Energy investors
Urenco's announcement also has broader implications for the U.S. uranium industry, as Urenco's capacity expansion comes at a critical turning point when the U.S. is preparing to completely ban all Russian uranium imports from Jan. 1, 2028. With two flagship uranium assets in Wyoming's Great Divide Basin, Ur-Energy has the potential to become an important supplier for an expanding domestic market provided it can execute.



Next day (they SURE there's no earnings report out ?....Thought I read one).....but hey whatever ;
Could still be worth monitoring.....Closed at 2.70 Canadian today / 1.93 U.S.



So that chart there then, looks like this ; (dipped to 1.60 in November)

It's trying to break out and a pull back is expected.

Also, news:

https://finance.yahoo.com/markets/stocks/articles/nuclear-stocks-jump-multibillion-dollar-120447641.html
Urenco USA said it will expand the United States' only commercial uranium-enrichment facility by nearly 50%, a multibillion-dollar project aimed at bolstering domestic nuclear fuel supply and backed by long-term U.S. customer contracts.
The Eunice, New Mexico site is set to add 2.1 million separative work units, or SWU, through gas-centrifuge technology, taking annual capacity to 6.4 million SWU from 4.3 million. Urenco said the first cascades should start operating in 2032, with additional units installed through 2036.

Urenco's plan comes as a U.S. ban on enriched-uranium imports from Russia moves toward a full 2028 takeover, while Russia still supplies up to a quarter of U.S. uranium needs. Investors responded quickly: uranium names including Cameco (NYSE:CCJ) and Energy Fuels (UUUU) moved higher, while Ur-Energy (URG) jumped 22.8%, Uranium Energy (UEC) rose 13.6%, Oklo (OKLO) gained 9.8% and Centrus Energy (NYSE:LEU) added 5.3%.

Target $5.00
https://schrts.co/WyrHPmNt

But I see that you're in jail (how come?) so......

Ur-Energy Reports Q1 2026 Results and Announces Conference Call and WebcastMay 8, 2026 6:48 AM
ACCESS NewswireCASPER, WY / ACCESS Newswire / May 8, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company," "Ur-Energy" or "we"), a domestic uranium producer with ISR projects that are among the largest and lowest-cost in the United States, is pleased to announce its financial and operational results for the first quarter ended March 31, 2026. The Company will host a conference call and webcast on Monday, May 11. Details are provided below.First Quarter 2026 Financial and Operating ResultsLost Creek Operations:Pounds Captured: We captured 110,314 pounds of U3O8, a 41% increase over Q4 2025 and a 48% increase over Q1 2025, reflecting improved flow rates following plant modifications and repairs.Production: We dried and packaged 95,599 pounds and shipped 103,956 pounds of U3O8.Inventory: We ended the quarter with 417,231 pounds of finished inventory at the conversion facility. This represents a 14% increase over Q4 2025 and a 13% increase over Q1 2025.Financial PerformanceContracted Sales: We sold 55,000 produced pounds of U3O8 as anticipated, generating $3.9 million in revenue, with a majority of our 2026 deliveries scheduled for the latter part of the year to complement the ramp-up and start-up schedules of Lost Creek and Shirley Basin.Increased U3O8 Sales Price: The average price per pound sold during Q1 2026 of $70.98 was $7.78 higher than Q4 2025, driven by deliveries under contracts negotiated in 2024 that contain a more favorable mix of base-escalated and market-based pricing.Lower Production Costs: The cash cost per pound of U3O8 sold was $37.51 in Q1 2026, a decrease of approximately 13% compared to Q4 2025.Looking Ahead: Production Expansion and Advancing ExplorationLost Creek Operations: We drummed 57,479 pounds in April 2026, our highest monthly total since our 2023 ramp up decision. With a sand filtration system expected to come online this quarter and other optimization initiatives underway, we are positioned for improved flow rates and continued momentum.Shirley Basin Operations & Ramp-Up: We commenced operations at our second ISR mining facility in April 2026, reviving a historic uranium district. First shipments of uranium-loaded resin to Lost Creek are expected this summer, subject to final regulatory approval.Great Divide Basin Exploration: We continue to advance exploration projects toward production decisions. We have identified 13 ore grade intercepts at North Hadsell; recently commenced aquifer testing at Lost Soldier; and plan to commence an approximately 120-hole program at LC South this summer with the potential to extend Lost Creek mine units.Liquidity: Unrestricted cash and cash equivalents totaled $122.8 million at March 31, 2026. Our unrestricted cash position was $107.5 million as of April 30, 2026.Summary Performance TableMetricQ1 20251Q4 2025Q1 2026Vs. Q4 2025Vs. Q1 2025Pounds Captured74,47978,177110,31441%48%Pounds Drummed83,066121,81895,599-22%15%Pounds Shipped106,301138,337103,956-25%-2%Pounds Soldn/a165,00055,000-67%n/aPounds in Inventory2368,540364,591417,23114%13%Avg. Sales Pricen/a$63.20$70.9812%n/aCash Cost Per Lb. Sold3n/a$42.94$37.51-13%n/aCash ($millions)4$74.8$123.9$122.8-1%64%All sales were under long-term contracts. No pounds were sold in Q1 2025 due to the timing of contracts.Pounds in inventory at conversion facility.Includes ad valorem and severance taxes but excludes non-cash costs.Unrestricted cash position at the end of the quarter.
Percentages may not recalculate precisely due to rounding.Ur-Energy President and CEO, Matthew Gili, commented: "While most of our contracted deliveries are scheduled for later in the year, our first quarter results reflect higher contract sales pricing and continued operational improvements at Lost Creek, where our primary focus is driving higher production and efficiency. We are actively optimizing flow rates, bringing new header houses online, and enhancing plant performance to deliver sustained improvements. The start of operations at Shirley Basin, our second ISR mining facility, marks a major milestone for Ur-Energy and greatly expands our potential U.S. uranium production capacity. We look forward to commencing uranium-loaded resin shipments to Lost Creek this summer as we continue to execute on our growth strategy."Lost Creek OperationsIn Q1 2026, we sold 55,000 pounds of U3O8 at an average price of $70.98 per pound, generating $3.9 million in revenue. We dried and packaged 95,599 pounds of U3O8, an increase of 15% over Q1 2025, and shipped 103,956 pounds, compared to 138,337 pounds in Q4 2025 and 106,301 pounds in Q1 2025. Finished inventory at the conversion facility increased to 417,231 pounds at quarter-end, up 14% from Q4 2025 and 13% from Q1 2025.Lower drummed and shipped volumes reflect reduced flow rates in late 2025 to allow the plant to make processing modifications and perform additional repairs, which limited pounds available for processing in the quarter. In Q1 2026, pounds captured totaled 110,314, up 41% from Q4 2025, as flow rates improved. These modifications, largely completed in Q4 2025, enhance processing efficiency and are expected to support higher annual production.During the quarter, 15 header houses ("HHs") were in operation, with 13 in MU2 and two brought online in MU1 Phase 2. Development at MU1 Phase 2 remains on schedule, with all planned wells drilled and cased and seven of 10 planned HHs constructed. We continued delineation and development in MU4 and MU5 and initiated wellfield pattern planning for MU5. At quarter-end, 15 drill rigs were actively supporting our Lost Creek drilling program.Optimization efforts are underway to improve flow rates affected by fine particles from the host formation, including the installation of a sand filtration system, which is expected to be online in Q2 2026. We are also actively developing a water treatment facility to further address fine particles and reduce wastewater.We remain focused on increasing uranium production through the transition to MU1 Phase 2, bringing additional HHs online, optimizing wellfield chemistry, and enhancing maintenance and plant systems.Shirley Basin: Operations Commenced in April 2026By the end of Q1 2026, we had significantly advanced wellfield development and plant construction at Shirley Basin, our second ISR mining facility, a satellite operation integrated with Lost Creek, where uranium captured on resin will be transported to Lost Creek for final processing, drying, and drumming. The project is designed with three shallow mine units and is expected to enhance operational flexibility and scale.During Q1 2026, in our first mine unit ("MU1"), HH 1-1 was connected to the plant, and installation of HH 1-2 progressed, with the main pipeline completed for the first four header houses. Wellfield development continued across HH 1-3 through HH 1-8. As of March 31, 2026, 540 wells had been pilot drilled, 312 of those wells had been cased, and eight drill rigs were active. Five HHs have been constructed, with additional units underway.Construction progressed during the quarter across all major workstreams, with key infrastructure substantially complete, including roads, power, support facilities, evaporation ponds, and the plant structure. Ion exchange columns and most tanks have been installed, with ongoing work focused on piping, electrical systems, and interior plant construction.Following completion of pre-operational inspections by the Wyoming Department of Environmental Quality, HH 1-1 was brought online in April 2026, marking the start of initial operations, with uranium-bearing solution now flowing through the plant and uranium being captured on resin. Uranium concentrations are expected to increase as the wellfield is further conditioned and additional circuits come online.Subject to final regulatory approval, we expect to transport uranium-loaded resin to Lost Creek this summer. This milestone will represent the transition of Shirley Basin to commercial operations, substantially increase our production capacity, and add a much-needed domestic uranium supply to support the expanding nuclear energy industry.Construction will continue through 2026, with additional plant systems planned for 2027. The site is fully staffed, supported by a phased hiring and training program aligned with operational ramp-up.First Quarter 2026 Great Divide Basin Exploration ActivitiesExploration activities continued across our Great Divide Basin projects. At Lost Soldier, located 17 road miles from the Lost Creek plant, aquifer testing commenced in April 2026 on test wells installed in 2025. Baseline environmental studies are planned this year to support potential permitting. With approximately 4,000 historic drill holes and proximity to Lost Creek, Lost Soldier has strong potential as a satellite operation. A technical report is underway with completion expected by year-end 2026.At North Hadsell, 33 framework drill holes totaling approximately 33,800 feet were completed prior to seasonal sage grouse restrictions in March 2026. Seven holes returned significant mineralization, including 13 intercepts exceeding 0.20 GT (Grade (%eU3O8) times Thickness (ft)), which closely resembles the mineralization at Lost Creek. Results indicate a stacked roll-front system with up to eight individual roll fronts at ISR-amenable depths of about 300 to 800 feet.Reclamation work at North Hadsell is planned this summer ahead of future drilling, and an approximately 120-hole exploration drill program is expected to commence at LC South in summer 2026.Q1 2026 Conference Call and Webcast:1:00 PM Eastern, 11:00 AM Mountain on May 11, 2026Audience Webcast URL: https://www.webcaster5.com/Webcast/Page/2307/53995To Join the Conference Call by Phone:
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 274819Conference Call Replay:
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 53995U3O8 Product Profit (Loss)1The following table provides information on our U3O8 product profit and loss:U3O8 Product Profit (Loss) Unit 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1

U3O8 Product Sales
Produced $000 - 10,428 - 10,428 3,904 Non-produced $000 - - 6,323 - -
$000 - 10,428 6,323 10,428 3,904
U3O8 Product Costs Produced $000 - 8,397 - 8,968 2,687 Non-produced $000 - - 7,065 - -
$000 - 8,397 7,065 8,968 2,687
U3O8 Product Profit (Loss) Produced $000 - 2,031 - 1,460 1,217 Non-produced $000 - - (742) - -
$000 - 2,031 (742) 1,460 1,217
U3O8 Pounds Sold Produced lb - 165,000 - 165,000 55,000 Non-produced lb - - 110,000 - -
lb - 165,000 110,000 165,000 55,000
U3O8 Price per Pound Sold Produced $/lb - 63.20 - 63.20 70.98 Non-produced $/lb - - 57.48 - -
$/lb - 63.20 57.48 63.20 70.98
U3O8 Cost per Pound Sold Ad valorem and severance taxes $/lb - 2.62 - 4.24 3.84 Cash costs $/lb - 40.21 - 38.70 33.67 Non-cash costs $/lb - 8.06 - 11.41 11.34 Produced $/lb - 50.89 - 54.35 48.85 Non-produced $/lb - - 64.23 - -
$/lb - 50.89 64.23 54.35 48.85
U3O8 Profit (Loss) per Pound Sold Cash costs $/lb - 22.99 - 24.50 37.31 Less ad valorem and severance taxes $/lb - (2.62) - (4.24) (3.84)Less non-cash costs $/lb - (8.06) - (11.41) (11.34)Produced $/lb - 12.31 - 8.85 22.13 Non-produced $/lb - - (6.75) - -
$/lb - 12.31 (6.75) 8.85 22.13
U3O8 Profit (Loss) Margin Cash costs % - 36.4 - 38.8 52.6 Less ad valorem and severance taxes % - (4.1) - (6.7) (5.4)Less non-cash costs % - (12.8) - (18.1) (16.0)Produced % - 19.5 - 14.0 31.2 Non-produced % - - (11.7) - -
% - 19.5 (11.7) 14.0 31.2 1This table includes measures specific to U3O8 product sales, product costs, product profits, pounds sold, price per pound sold, cost per pound sold, and profit (loss) per pound sold that do not have standardized meanings within US GAAP or a defined basis of calculation. These measures are used by management to assess business performance and determine production and pricing strategies. They may also be used by certain investors to evaluate performance.U3O8 Production and Ending InventoryThe following tables provide information on our production and ending inventory of U3O8 pounds:U3O8 Production Unit 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1

Pounds captured lb 74,479 128,970 89,267 78,177 110,314 Pounds drummed in lb 83,066 112,033 93,523 121,818 95,599 Pounds shipped lb 106,301 105,316 70,190 138,337 103,956 Non-produced pounds acquired lb - - - 100,000 - U3O8 Ending Inventory Unit 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1

Pounds
In-process inventory lb 29,700 37,590 29,362 17,203 26,794 Plant inventory lb 10,772 17,484 40,817 24,295 15,939 Conversion inventory - produced lb 118,540 65,607 138,150 124,591 177,231 Conversion inventory - non-produced lb 250,000 250,000 140,000 240,000 240,000
lb 409,012 370,681 348,329 406,089 459,964

Value
In-process inventory $000 382 509 630 201 681 Plant inventory $000 582 921 2,267 1,097 995 Conversion inventory - produced $000 6,463 3,409 7,290 5,776 9,133 Conversion inventory - non-produced $000 16,058 16,058 8,992 17,217 17,217
$000 23,485 20,897 19,179 24,291 28,026
Cost per Pound In-process inventory $/lb 12.86 13.54 21.46 11.68 25.42
Plant inventory $/lb 54.03 52.68 55.54 45.15 62.43
Conversion inventory: Ad valorem and severance tax $/lb 2.16 3.06 3.29 3.89 3.95 Cash cost $/lb 43.43 40.55 39.71 31.89 35.52 Non-cash cost $/lb 8.94 8.35 9.77 10.58 12.06 Conversion inventory - produced $/lb 54.53 51.96 52.77 46.36 51.53 Conversion inventory - non-produced $/lb 64.23 64.23 64.23 71.74 71.74
$/lb 61.11 61.68 58.54 63.07 63.15 About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek ISR uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U3O8 since the commencement of operations, and the Shirley Basin ISR project in central Wyoming, which initiated operations in April 2026. The combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U3O8.Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate headquarters is in Casper, Wyoming and its registered office is in Ottawa, Ontario.Contact InformationValerie Kimball
IR Director

Ur-Energy Commences Operations at its Shirley Basin ISR Project, Wyoming, Advancing U.S. Uranium ProductionApril 23, 2026 7:00 AM
ACCESS NewswireCASPER, WY / ACCESS Newswire / April 23, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company," "Ur-Energy" or "we"), a domestic uranium producer with ISR projects that are among the largest and lowest-cost in the United States, is pleased to announce the start of uranium mining operations at its Shirley Basin Project in Wyoming.Operations Underway in a Historic ISR DistrictUranium bearing solution is now being captured from Mine Unit 1 at Shirley Basin after the successful completion of significant construction, wellfield installation, and permitting. Uranium concentrations in recovered solutions are expected to increase over time as we further condition the wellfield, and all production circuits are brought online. We expect to transport uranium loaded resin to Lost Creek for processing this summer, subject to an additional regulatory inspection and approval.Project Highlights and ScalabilityThe Shirley Basin Project enhances Ur-Energy's operational flexibility through its integration with existing infrastructure:Capacity: Licensed annual wellfield and toll processing capacity of up to 2.0 million pounds equivalent of U3O8.Resource Base: Measured and Indicated mineral resources totaling approximately 9.1 million pounds U3O8 at an average grade of 0.22% eU3O8Mine Life: Anticipated mine life of approximately nine years across three shallow mining units.Operational Synergy: Uranium is captured on ion exchange resin and transported to the Company's Lost Creek facility for final processing, drying, and packaging.This milestone marks the successful transition of the Company's second in situ recovery ("ISR") mine from development to initial operations and represents a significant expansion of Ur-Energy's U.S. uranium production capacity. Our Shirley Basin Project is situated in the Shirley Basin district, widely recognized as the birthplace of ISR mining, is now returning to active operations under Ur-Energy's stewardship. With new production anticipated from Shirley Basin, Ur-Energy is well positioned to contribute to growing global uranium demand amid a nuclear energy renaissance.Matt Gili, CEO and President, commented: "Launching initial operations marks a pivotal achievement in Ur-Energy's growth strategy and plan to expand U.S. uranium production capacity. Two years ago, we committed to building out this project. Today, we have successfully brought a historically significant uranium district back to life, demonstrating disciplined execution of our strategy. This accomplishment reflects the dedication and expertise of our teams, who have advanced Shirley Basin from development to operations. It is particularly meaningful as it supports the growing need for secure, domestic uranium supply and underscores our ability to move permitted projects toward production while strengthening our role in the U.S. nuclear fuel cycle."Shirley Basin Plant - Ion Exchange Columns (April 16, 2026) Qualified PersonsBenjamin J. Schiffer, P.G., and Ray B. Moores, P.E., of Western Water Consultants, Inc., d/b/a WWC Engineering (WWC), Qualified Persons as defined by Subpart 1300 of Regulation S-K, 17 C.F.R. §229.1300 et seq., and Canadian National Instrument 43-101, have reviewed the technical disclosures in this press release, including the references to our mineral resource estimates.About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek ISR uranium facility in south-central Wyoming and the Shirley Basin ISR project in central Wyoming, which has produced nearly 3.5 million pounds of U3O8 since the commencement of operations. We initiated operations at Shirley Basin, the Company's second ISR uranium project, in April 2026. The combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U3O8.Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate headquarters is in Casper, Wyoming and its registered office is in Ottawa, Ontario.Contact Information
Valerie Kimball
IR Director

Ur-Energy Updates Lost Creek Property Technical Report Summary Estimating an Extended Mine Life and Increase in Net Cash FlowMarch 10, 2026 5:40 PM
ACCESS NewswireCASPER, WY / ACCESS Newswire / March 10, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy"), a U.S. producer of uranium, is pleased to announce the filing of an updated S-K 1300 Initial Assessment Technical Report Summary for its Lost Creek Property, dated March 9, 2026, with an effective date of December 31, 2025 (the "Lost Creek Report"), as an exhibit to the Company's Annual Report on Form 10-K filed on March 10, 2026, with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.shtml. The Lost Creek Report was prepared by Qualified Person, Western Water Consultants, Inc., d/b/a WWC Engineering ("WWC").The Lost Creek Report supersedes the S-K 1300 Initial Assessment Technical Report Summary for the Lost Creek Property, dated March 4, 2024, with an effective date of December 31, 2023 (the "Prior Report"), that was filed as an exhibit to the Company's Annual Report on Form 10-K filed on March 4, 2024, which was the last Initial Assessment Technical Report Summary that was prepared for the Lost Creek Property. Except as otherwise indicated, references below to prior estimates of mineral resources or related economic analyses for the Lost Creek Property are to the Prior Report.Lost Creek Report Highlights*After accounting for 3.475 million pounds of historical production through December 31, 2025, the updated mineral resource estimate for the Property is 11.868 million pounds eU3O8 in the Measured and Indicated categories, and 10.357 million pounds eU3O8 in the Inferred category. This represents a 649 thousand pound (5.2%) decrease in estimated pounds in the Measured and Indicated categories (after accounting for production), and a 3.550 million pound (34.3%) increase in estimated pounds in the Inferred category, from December 31, 2024, to December 31, 2025.1The estimated mine life (i.e., through final wellfield production but excluding additional restoration) increased by nearly three years, from 2036 Q3 per the Prior Report to 2039 Q2 per the Lost Creek Report.The Lost Creek Report estimates that the Property will generate life of mine ("LoM") net cash flow of $442.2 million (after income taxes) as of December 31, 2025, compared to $303.6 million as of December 31, 2023, per the Prior Report, an increase of 45.7%.2Even after two years of production, estimated pounds remaining to be produced increased by approximately one million pounds, from 11.664 million pounds as of December 31, 2023, per the Prior Report, to 12.700 million pounds as of December 31, 2025, per the Lost Creek Report.Applying an eight percent discount rate, the calculated net present value ("NPV") after income taxes increased by 47.4%, from $165.6 million as of December 31, 2023, per the Prior Report, to $244.1 million as of December 31, 2025, per the Lost Creek Report.3The economic analyses included in the Lost Creek Report continue to support Lost Creek's potential viability.* See Notes to Lost Creek Report Highlights after the excerpted tables below.Chief Operating Officer, Steve Hatten commented: "Drilling at Lost Creek continues to deliver exceptional results, with drilling to date expanding our estimated resources and extending the estimated mine life, as reflected in the updated Lost Creek Report. With only a relatively small portion of the Property drilled to date, the potential scale and long-term growth prospects of Lost Creek remain compelling. We are making progress at Lost Creek across the operation, anticipating maintenance requirements and improving plant performance, while working through remaining start-up considerations."TablesThe following tables have been excerpted from the Lost Creek Report and are subject to the qualifications, assumptions, and other information contained in the Lost Creek Report and should be read in connection therewith.Table 1. Lost Creek Property - Resource Summary MeasuredIndicatedInferredProjectAvg Grade% eU3O8Short Tons(X 1000)Pounds(X 1000)Avg Grade% eU3O8Short Tons(X 1000)Pounds(X 1000)Avg Grade% eU3O8Short Tons (X 1000)Pounds(X 1000)LOST CREEK0.04910,61610,3160.0472,1071,9850.0496,6356,460Production through 12/31/2025 -3,528-3,475 LC EAST0.0521,4171,4680.0451,5671,4090.0453,1202,786LC NORTH------------------------------0.045644581LC SOUTH---------------0.0372211650.039637496LC WEST------------------------------0.1091634EN---------------------------------------------GRANDTOTAL0.0498,5058,3090.0463,8953,5590.04711,05210,357 MEASURED + INDICATED =12,40011,868 Sum of Measured and Indicated tons and pounds may not add to the reported total due to rounding.% eU3O8 is a measure of gamma intensity from a decay product of uranium and is not a direct measurement of uranium. Numerous comparisons of eU3O8 and chemical assays of Lost Creek rock samples, as well as PFN logging, indicate that eU3O8 is a reasonable indicator of the chemical concentration of uranium.Table shows resources based on grade cutoff of 0.02 % eU3O8 and a grade x thickness cutoff of 0.20 GT.Measured, Indicated, and Inferred Mineral Resources as defined in S-K 1300 and as used in NI 43-101.Resources are reported through November 1, 2025.All reported resources occur below the static water table.Mineral resources that are not mineral reserves do not have demonstrated economic viability.The point of reference for resources is in situ at the Property.Table 2. Lost Creek Property - Summary of EconomicsEconomic ParameterUnits Pre-income
Tax Post-income
Tax Initial CAPEX 1US$ 000s $- $- Sustaining CAPEXUS$ 000s $31,719 $31,719 LoM OPEX$ / Lb $21.27 $21.27 Income Taxes$ / Lb $- $10.59 Total Cost per Pound$ / Lb $44.30 $54.89 ProductionLb 000s 12,700 12,700 Net Cash FlowUS$ 000s $578,450 $442,196 NPV 8%US$ 000s $305,885 $244,092 IRR (adjusted for Undepreciated Initial Capital) 2% 67.6% 65.7%Initial capital costs of $46.5 million were incurred and expended prior to the starting date of this economic analysis. Because there are no additional cash expenditures required for initial capital, they are therefore excluded from the cash flow and NPV calculations.As of December 31, 2025, Lost Creek had $17 million of undepreciated, initial and sustaining capital assets that will be charged against operations over time. By including the undepreciated, initial capital assets, an IRR can be calculated. Without these costs, an IRR cannot be calculated.Table 3. Lost Creek Property - Cash Flow SummaryCash Flow Line ItemsUnits Total US$ per Pound Pounds producedLbs 12,699,510 Pounds soldLbs 12,865,599 SalesUS$ 000s $1,149,009 $89.31 RoyaltiesUS$ 000s $(672) $(0.05)Net salesUS$ 000s $1,148,337 $89.26 Wyoming severance taxUS$ 000s $(28,938) $(2.25)Sweetwater ad valorem taxUS$ 000s $(39,238) $(3.05)Operating costs (see Table 9)US$ 000s $(273,575) $(21.27)Wellfield developmentUS$ 000s $(195,603) $(15.20)Exploration costUS$ 000s $- $- Sweetwater County property taxUS$ 000s $(714) $(0.06)Working capital changesUS$ 000s $- $- Total Project costsUS$ 000s $(538,068) $(41.83)Project cash flowUS$ 000s $610,269 $47.43 Initial capitalUS$ 000s $- $- Sustaining capitalUS$ 000s $(31,719) $(2.47)Net cash flow before taxUS$ 000s $578,550 $44.96 Federal income taxUS$ 000s $(100,273) $(7.79)State income taxUS$ 000s $(36,081) $(2.80)Net cash flow after taxUS$ 000s $442,196 $34.37 Production is based on an 80% recovery of the total of Measured, Indicated and Inferred resources in the 12 RAs of the MMT and EMT. Resources outside of the existing or planned wellfields were excluded from the economic analysis, and this analysis assumes approximately 57.1% of the total resources will be recovered.Where known, uranium price is based on pricing for expected sales under existing and negotiated sales contracts. Pricing assumptions are then supplemented by calculating a simple average of (a) Cantor Fitzgerald Canada Corporation, September 30, 2025; (b) B Riley Securities, July 22, 2025; (c) UxC, LLC Q4 2025 Composite Midpoint Price Scenario Projection; and (d) UxC, LLC Q4 2025 Mid Long Term Price Scenario (See also Section 19 of the Lost Creek Report).Wellfield development includes wellfield drilling and wellfield construction costs.Working capital changes are primarily related to annual cash flow timing differences in accounts receivable and accounts payable and totals to zero.Pounds sold exceed pounds produced due to existing inventories.Notes to Lost Creek Report Highlights Above1 For estimated mineral resources as of December 31, 2024, see the "Lost Creek Property Resource Summary (December 31, 2024)" in the Company's Annual Report on Form 10-K filed on April 11, 2025.
2 Because Inferred resources are considered speculative, to account for the chance that the inferred resources are not upgraded as the Company collects additional drilling data while mining progresses at Lost Creek, a second economic analysis was prepared in each of the Lost Creek Report and the Prior Report that excludes Inferred resources as required by S-K 1300. Under these analyses, net cash flow after income taxes increased from $204.6 million as of December 31, 2023, to $208.0 million as of December 31, 2025. Calculations of net cash flow exclude initial capital costs incurred prior to the date of determination.
3 Excluding Inferred resources, NPV after income taxes applying an eight percent discount rate increased from $125.5 million as of December 31, 2023 per the Prior Report, to $141.8 million as of December 31, 2025 per the Lost Creek Report. NPV calculations exclude initial capital costs incurred prior to the date of determination.NOTE: The independent Lost Creek Report has been prepared for the Company under the supervision of WWC in accordance with Canadian National Instrument 43-101, "Standards of Disclosure for Mineral Projects" (NI 43-101) and the Modernized Property Disclosure Requirements for Mining Registrants as described in Subpart 1300 of Regulation S-K, 17 C.F.R. §229.1300 et seq.,(S-K 1300). The effective date of the report is December 31, 2025. The Lost Creek Report can be found on SEDAR+ at www.sedarplus.ca and may also be accessed on the Company's website at www.ur-energy.com.Qualified Persons at WWC have reviewed and approved the technical disclosure contained in this news release.Cautionary StatementThe Lost Creek Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There are increased risk and uncertainty to commencing and conducting production without established mineral reserves that may result in economic and technical failure which may adversely impact future profitability. The estimated mineral recovery used in the Lost Creek Report is based on recovery data from wellfield operations to date at Lost Creek, as well as Company personnel and industry experience at similar facilities. There can be no assurance that recovery at the level indicated in the Lost Creek Report will be achieved.About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced nearly 3.5 million pounds of U3O8 from Lost Creek since the commencement of operations. Development and construction activities at the Shirley Basin Project, the Company's second in situ recovery uranium facility in Wyoming, are well advanced. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate headquarters is in Casper, Wyoming and its registered office is in Ottawa, Ontario.Contact InformationValerie Kimball
IR Director

Ur-Energy Reports Year-End 2025 Results and Announces Conference Call and WebcastMarch 10, 2026 5:30 PM
ACCESS NewswireCASPER, WY / ACCESS Newswire / March 10, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy"), a U.S. producer of uranium, has filed the Company's Annual Report on Form 10-K, Consolidated Financial Statements, and Management's Discussion & Analysis, for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.shtml and with Canadian securities authorities on SEDAR+ at www.sedarplus.ca. These filings may also be accessed on the Company's website at www.ur-energy.com. Shareholders of the Company may receive a hard copy of the Consolidated Financial Statements, free of charge, upon request from the Company.Year-End 2025 HighlightsLost Creek Ramp-up ContinuesPounds of U3O8 drummed increased by 161,231 pounds, or 65%, during 2025 as compared to 2024, for a total of 410,440 pounds. We ended 2025 with a total of 406,089 pounds of U3O8 in inventory compared to 335,327 pounds at year-end 2024.Wellfield and plant operations at Lost Creek continued to improve in 2025, with pounds of U3O8 captured increasing by 105,147 pounds, or 40%, over 2024. We added four header houses in Mine Unit 2 in 2025 and increased average flow rates by 890 gallons per minute, or 69%. In 2026, we are continuing our focus on plant optimization and improving flow rates.The 2025 average price per produced pound of U3O8 sold was $63.20 and the average cash cost per produced pound sold was $42.89.Shirley Basin - Significant Progress Towards CommissioningShirley Basin wellfield development and plant construction advanced significantly, with all ion exchange columns installed. We have pilot drilled 469 wells in Mine Unit 1 through February 2026, supported by eight active drill rigs. The project is fully staffed.Pending approvals from the Wyoming Department of Environmental Quality ("WDEQ"), Header House 1-1 is ready to be brought online to commence initial injection in and recovery from the wellfield. Development of additional header houses is ongoing, positioning the project for production operations and phased production growth.Workforce Expansion to Support Production GrowthThe total number of our full-time employees grew to 157 at year-end 2025, up from 101 in 2024, representing a 55% year-over-year increase as the Company added talented team members to support Shirley Basin and our other projects. This growth strengthened our excellent operations, technical, and corporate teams, positioning the Company for commissioning activities, production growth, and additional exploration in 2026.Financial StrengthAs of December 31, 2025, we had cash and cash equivalents of $123.9 million, an increase of approximately $47.8 million from the $76.1 million balance on December 31, 2024. Our cash position as of March 4, 2026, was $115.3 million.Our production increases from 2024 to 2025 led to lower cash and non-cash costs per pound of U3O8 sold (exclusive of taxes), higher U3O8 profit per pound sold, and higher U3O8 profit margin.In December 2025, the Company closed an offering of $120 million aggregate principal amount of its 4.75% Convertible Senior Notes due 2031 in a private placement, which included the exercise in full by the initial purchasers of their option to purchase an additional $20 million of notes.In February 2026, 24,684,999 warrants were exercised for 12,342,499 whole common shares of the Company at an exercise price of $1.50 per share for proceeds of $18.5 million. The proceeds will be received in March. Including warrants that were exercised in January 2026, proceeds from warrants exercised in 2026 total $28.7 million. All but an insignificant number of warrants were exercised before the warrants expired in February.Growing Uranium Resource BaseAs detailed in the updated S-K 1300 Technical Report Summary for the Lost Creek Property (the "Lost Creek Report"), dated March 9, 2026, that was filed as an exhibit to our Form 10-K, ongoing delineation drilling has resulted in an increase in our estimated uranium mineral resources. See our separate press release on the Lost Creek Report issued today.Our combined estimated mineral resources for Lost Creek and Shirley Basin are 21.0 million pounds in the Measured and Indicated categories, and 10.4 million pounds in the Inferred category at December 31, 2025. The estimated mine life at Lost Creek through final wellfield production (but excluding additional restoration) has been extended by nearly three years, with the potential for additional cash flow and long-term growth. See our separate press release on the Lost Creek Report issued today.Exploration Programs Continue to AdvanceLost Soldier Project: Aquifer test wells were installed at our Lost Soldier Project in 2025, with hydrogeologic testing planned to begin in March 2026, to be followed by baseline environmental studies. Work on a technical report is also underway to establish a mineral resource estimate through detailed roll-front mapping. Located approximately 17 miles from Lost Creek, Lost Soldier offers possible satellite development and infrastructure synergies.North Hadsell Exploration: 32 of the planned 50 drill holes have been completed, returning significant mineralization, including 13 intercepts exceeding 0.20 grade-thickness ("GT"), which is the cut-off GT the Company uses at Lost Creek to evaluate economic mineral resources. Stacked roll-front horizons with grades and thicknesses comparable to Lost Creek indicate potential for ISR development at a meaningful scale.Potential Growth Near Lost Creek: Drilling is expected to shift from our North Hadsell Project to our LC South Project in summer 2026 with a planned 120-hole program, reinforcing long-term growth optionality in the Great Divide Basin.Ur-Energy President and CEO Matt Gili commented: "2025 reflected strong execution across our operating and development portfolio. At Lost Creek, we delivered meaningful year-over-year improvements in production, throughput, and operating performance while continuing to expand our resources and extend mine life. At the same time, we advanced Shirley Basin toward commissioning, with significant construction complete, drilling well advanced, and a talented team in place. With two ISR platforms, a growing resource base at Lost Creek, and a robust exploration pipeline in the Great Divide Basin, we are well positioned to drive production growth and long-term value in 2026 and beyond."Year-end 2025 Conference Call and Webcast: 3:00 PM Eastern, 1:00 PM Mountain on March 11, 2026Audience Webcast URL: https://www.webcaster5.com/Webcast/Page/2307/53689To Join the Conference Call by Phone:
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code:110618Conference Call Replay:
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 53689 U3O8 Product Sales, Costs, and Profit (Loss)1The following table provides information on our U3O8 product profit and loss.U3O8 Product Profit (Loss) Unit 2024 2025 U3O8 Product Sales Produced $000 16,646 20,856 Non-produced $000 16,500 6,323 $000 33,146 27,179 U3O8 Product Costs Produced $000 13,914 17,365 Non-produced $000 22,760 7,065 $000 36,674 24,430 U3O8 Product Profit (Loss) Produced $000 2,732 3,491 Non-produced $000 (6,260) (742) $000 (3,528) 2,749 U3O8 Pounds Sold Produced lb 270,000 330,000 Non-produced lb 300,000 110,000 lb 570,000 440,000 U3O8 Price per Pound Sold Produced $/lb 61.65 63.20 Non-produced $/lb 55.00 57.48 $/lb 58.15 61.77 U3O8 Cost per Pound Sold Ad valorem and severance taxes $/lb 1.06 3.43 Cash costs $/lb 40.40 39.46 Non-cash costs $/lb 10.07 9.73 Produced $/lb 51.53 52.62 Non-produced $/lb 75.87 64.23 $/lb 64.34 55.52 U3O8 Profit (Loss) per Pound Sold Cash costs $/lb 21.25 23.74 Less ad valorem and severance taxes $/lb (1.06) (3.43)Less non-cash costs $/lb (10.07) (9.73)Produced $/lb 10.12 10.58 Non-produced $/lb (20.87) (6.75) $/lb (6.19) 6.25 U3O8 Profit (Loss) Margin Cash costs % 34.5 37.6 Less ad valorem and severance taxes % (1.7) (5.4)Less non-cash costs % (16.4) (15.5)Produced % 16.4 16.7 Non-produced % (37.9) (11.7) % (10.6) 10.1 1 This table includes measures specific to U3O8 product sales, product costs, product profits, pounds sold, price per pound sold, cost per pound sold, and profit (loss) per pound sold that do not have standardized meanings within US GAAP or a defined basis of calculation. These measures are used by management to assess business performance and determine production and pricing strategies. They may also be used by certain investors to evaluate performance.U3O8 Production and Ending InventoryThe following table provides information on our production of U3O8 pounds.U3O8 ProductionUnit 2024 2025 Pounds capturedlb 265,746 370,893 Pounds drummed inlb 249,209 410,440 Pounds shippedlb 239,849 420,144 Non-produced pounds acquiredlb 550,000 100,000 The following table provides information on our ending inventory of U3O8 pounds.U3O8 Ending Inventory Unit 2024 2025 Pounds In-process inventory lb 39,169 17,203 Plant inventory lb 33,919 24,295 Conversion inventory - produced lb 12,239 124,591 Conversion inventory - non-produced lb 250,000 240,000 lb 335,327 406,089 Value In-process inventory $000 42 201 Plant inventory $000 1,840 1,097 Conversion inventory - produced $000 704 5,776 Conversion inventory - non-produced $000 18,158 17,217 $000 20,744 24,291 Cost per Pound In-process inventory $/lb 1.07 11.68 Plant inventory $/lb 54.25 45.15 Conversion inventory: Ad valorem and severance tax $/lb 1.57 3.89 Cash cost $/lb 46.83 31.89 Non-cash cost $/lb 9.12 10.58 Conversion inventory - produced $/lb 57.52 46.36 Conversion inventory - non-produced $/lb 72.63 71.74 $/lb 71.93 63.07  Year Ended December 31, 2025, Compared to Year Ended December 31, 2024The following table summarizes the results of our operations for the years ended December 31, 2025, and 2024:(expressed in thousands of U.S. dollars, except per share and non-GAAP per pound data)Results of Operations Year Ended (expressed in thousands of U.S. dollars, December 31, except per share and non-GAAP per pound data) 2025 2024 Change Sales 27,207 33,706 (6,499)Cost of sales (27,133) (42,679) 15,546 Gross profit (loss) 74 (8,973) 9,047 Operating costs (69,454) (54,116) (15,338)Operating profit (loss) (69,380) (63,089) (6,291) Interest income 2,407 3,677 (1,270)Interest expense (1,947) (336) (1,611)Mark to market gain (loss) (6,124) 6,444 (12,568)Foreign exchange gain (loss) (26) 80 (106)Other income (loss) 172 35 137 Net income (loss) (74,898) (53,189) (21,709) Foreign currency translation adjustment (145) 471 (616)Comprehensive income (loss) (75,043) (52,718) (22,325) Earnings (loss) per common share: Basic (0.20) (0.17) (0.03)Diluted (0.20) (0.17) (0.03) U3O8 pounds sold 440,000 570,000 (130,000) U3O8 price per pound sold 61.77 58.15 3.62 U3O8 cost per pound sold 55.52 64.34 (8.82) U3O8 profit (loss) per pound sold 6.25 (6.19) 12.44 Lost Creek ISR Project - Great Divide Basin, WyomingFocus on Operational ExecutionDuring 2025, Ur-Energy advanced wellfield development and brought four additional header houses online at Lost Creek. The Company drummed 410,440 pounds of U3O8 in 2025, up from 249,209 pounds in 2024,and shipped 420,144 pounds, reflecting improved throughput and operating execution.The Company continues to make progress proactively identifying and addressing operational challenges while advancing detailed engineering solutions to improve flow and plant performance.In 2026, operational priorities remain focused on continued ramp-up, plant optimization, and sustained production rate increases. Several new header houses are expected to be brought online in MU1 Phase 2 during the first half of the year, with the first commissioned in February. Planned investments, including commencement of construction of a wastewater treatment facility, are expected to facilitate increased overall plant throughput over time.Lost Creek is fully staffed, with ongoing emphasis on retention and training to support continued operational improvement and efficiency. With 15 active drill rigs, drilling and wellfield development remain on schedule, positioning the operation to continue increasing production.Drilling at Lost Creek continues to demonstrate consistent success in expanding estimated mineral resources and extending mine life. As detailed in the Lost Creek Report, the mineral resource estimates for the Property reflect 11.9 million pounds in the Measured and Indicated categories, and 10.4 million pounds in the Inferred category. The estimated mine life through final wellfield production (but excluding additional restoration) has been extended by nearly three years, with the potential for additional cash flow and long-term growth. Historically, each phase of drilling has supported the addition of estimated mineral resources. Notably, only a relatively small portion of the Lost Creek Property has been drilled to date, underscoring the scale and growth potential of the asset base and supporting a potential longer-term production outlook.Shirley Basin ISR Project, Shirley Basin, WyomingSignificant Progress Towards CommissioningDuring 2025, we made significant progress on wellfield development and initiated construction of the plant facility at Shirley Basin. Construction of the plant building is well advanced, with all ion exchange columns installed and key tanks set. Remaining interior construction, commissioning of production circuits, and construction of phase two infrastructure are expected to progress through 2026, followed by the ramp-up of operations.Pending approvals from the WDEQ, Header House 1-1 is ready to be brought online to commence injection in and recovery from the wellfield. Development of additional header houses in Mine Unit 1 is ongoing, positioning the project for production operations and phased production growth as commissioning progresses.The wellfield data package for Mine Unit 1 is currently under review by the WDEQ, which also began its pre-operational inspection in late February 2026. Additional site visits are expected as the inspection process continues. Following completion of the inspection and regulatory review, we expect approval to begin recovery from the wellfield and collection of uranium onto resin in the plant.Drilling activity continues at a strong pace. Through February 2026, the Company has pilot drilled 469 injection and production wells in Mine Unit 1, currently supported by eight active drill rigs. With delineation drilling completed historically, activity is focused on efficient development and construction to support near-term production.Shirley Basin has a licensed wellfield capacity of one million pounds of U3O8 per year. Total annual production from wellfield recovery and toll processing is permitted at up to two million pounds U3O8 equivalent. Shirley Basin is designed as a satellite operation, with loaded resin to be transported to Lost Creek for processing. We expect to be able to commence transporting loaded resin to Lost Creek for processing, drying, and drumming in summer 2026, subject to the receipt of additional regulatory approvals.Staffing at Shirley Basin is substantially complete, with a focus on training and operational readiness. Leveraging Ur-Energy's operating experience at Lost Creek, the Company expects a disciplined ramp-up as Shirley Basin transitions into production, providing a second U.S. ISR production platform and meaningful growth in overall uranium output.Expanded Exploration Programs to Advance the Development PipelineLost Soldier ProjectIn 2025, the Company renewed exploration in Wyoming's Great Divide Basin, advancing the Lost Soldier Project with the installation of aquifer test wells to support ISR evaluation. Aquifer testing is scheduled to begin in March 2026, followed by baseline environmental studies to support potential permitting. Located approximately 17 miles from the Lost Creek plant, Lost Soldier offers possible satellite development optionality by leveraging existing infrastructure. Work is also underway on a technical report for the project.North Hadsell and LC South ExplorationDrilling at the North Hadsell Project in the Great Divide Basin continues to deliver encouraging early results from the ongoing 50-hole program. Through February 2026, we have drilled 32 wide-spaced holes at North Hadsell totaling 32,965 feet, including seven holes intersecting significant uranium mineralization with 13 intercepts exceeding 0.20 GT. These grades and thicknesses closely resemble the mineralization at Lost Creek, where the Company applies a 0.20 GT cut-off in evaluating economic mineral resources.Results also suggest the presence of multiple stacked roll-front horizons comparable to those at the Company's producing Lost Creek ISR mine, supporting ISR recovery potential. Two of the most compelling holes, located approximately 1.5 miles apart at similar depths, indicate meaningful potential scale to the mineralized system and reinforce North Hadsell's potential as a future development opportunity.Drilling is expected to transition from North Hadsell to the LC South Project in summer 2026, where a larger 120-hole program is planned, reinforcing the Company's longer-term growth pipeline near Lost Creek.NOTE: The independent Technical Report for the Lost Creek Property has been prepared for the Company under the supervision of Western Water Consultants, Inc., d/b/a WWC Engineering ("WWC"), in accordance with Canadian National Instrument 43-101, "Standards of Disclosure for Mineral Projects" (NI 43-101) and the Modernized Property Disclosure Requirements for Mining Registrants as described in Subpart 229.1300 of Regulation S-K (S-K 1300). The effective date of the report is December 31, 2025.The Lost Creek Report is an exhibit to the Company's Annual Report on Form 10-K (see above). It can also be found on SEDAR+ at www.sedarplus.ca and may also be accessed on the Company's website at www.ur-energy.com.Qualified Persons at WWC have reviewed and approved the technical disclosure contained in this news release.About Ur-EnergyUr-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced nearly 3.5 million pounds of U3O8 from Lost Creek since the commencement of operations. Development and construction activities at the Shirley Basin Project, the Company's second in situ recovery uranium facility in Wyoming, are well advanced. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate headquarters is in Casper, Wyoming and its registered office is in Ottawa, Ontario.Contact InformationValerie Kimball
IR Director

Google Artificial Intelligence Speaketh
Q - what is the forecast for URG stock for 1/20/2026
A - Based on data available as of January 16-19, 2026, the outlook for Ur-Energy (URG) stock for early 2026 is generally positive, with analysts characterizing the stock as a
"Buy" or "Strong Buy".
Forecasted Price Targets (as of Jan 2026):
Average 12-Month Target: Approximately $2.21 - $2.41 per share.
High Forecast: $2.60 - $3.00.
Low Forecast: $1.70 - $1.80.
Projected Upside: Analysts suggest a potential upside of approximately 20% to 29% from the mid-January 2026 share price of roughly $1.83 - $1.86.
Key Factors Influencing the 2026 Forecast:
Production Growth: The anticipated start of production at the Shirley Basin project in Q1 2026 is expected to boost output and significantly lower operational costs (projected 75% lower than Lost Creek), enhancing margins.
Market Position: URG is expected to benefit from favorable macro trends in the nuclear industry and increased U.S. support for domestic uranium production.
Financials: While revenue is expected to grow, analysts are monitoring high operational costs and potential share dilution.
Recent Performance: The stock has shown a "weak rising trend" entering 2026, with some forecasts suggesting further gains over the next three months.
Note: Stock forecasts are subject to high volatility, especially in the mining sector. These projections are based on analyst estimates available just prior to 1/20/2026

Ur-Energy: Premier American Uranium (PAUIF) reports strong final results from its 2025 drill program at the Cyclone ISR Project, Wyoming
07:03:44 AM ET, 01/14/2026 - Briefing.com

The exploration program commenced on July 16, 2025, with the objective of further defining sandstone-hosted uranium mineralization that was partially outlined during the Company's 2024 exploration program. The Project is situated in the vicinity of Ur-Energy Inc.'s Lost Creek ISR uranium mine and Uranium Energy Corp.'s Sweetwater uranium production facility.
Highlights-Positive drill results include mineralized zones encountered in areas where uranium mineralization was not previously known to occur, and extensions of known mineralization along a previously identified geologic trend. Twenty-five conventional mud rotary holes were completed for a total of 17,160 ft of drilling in 2025
.

URG - The Stock for Me
Push to $1.89
and I'll be Fine
Always good to break even

Every Sell is
Fuel for The Big One -
The Big Lift-Off

TightTrend Update

Strong Buy

Our Painful Red days
will be fuel for The Big Launch,
The Big Lift-Off

Anyone Else Ready to Fly?

I Am...

1/2/2025 4;41 pm PST
Ask right now is $1.53
Raise The Ask - They Will Pay, Gladly

Defense World
Ur Energy Inc (NYSEAMERICAN:URG) Receives Consensus Rating of “Buy” from Analysts
9 hours ago

Don't Risk Missing The Boat -
The Big One is Coming - Everyone Knows It
Load Up While She's Cheap
Market Open Jan 2------>URG------------------->$4

Forks, we're in the 5 day Santa Clause Rally period,
which will go to Jan. 2
This is the time period that if you see your stocks very
stable in pps, it is a sign, a sign the bottom is IN...
After Jan. 2 - We Fly - Don't Wait - Be Quck
Only happens for 5 days, once a year - Fast Get's 'Em

Insider Monkey
Analyst Initiates Coverage of Ur-Energy (URG)
with a ‘Buy’ Rating, $2 Price Target - 22 hours ago
Can you be quicker than the big gun buying stampede?

Remember:Again- Will you be quick enough to grab some of these shares once one or more current "announcements in the making," are made? Will you be quicker than the big gun buying stampede when even one announcement is made?

that's not a nice thing to say about a
company that is trying to make you wealthy

Huge setback for longs on this turd

TipRanks
Ur-Energy Proposes $100 Million Convertible Notes Offering
3 hours ago
ACCESS Newswire
Ur-Energy Announces Proposed $100 Million Offering of Convertible Senior Notes Due 2031
5 hours ago

I'm gettin' the
urgE to SurgE

URG - The Stock for Me
Raise the Ask - They Will Payeth
Slap That Ask

Oil City News
Western states brace for a uranium boom as nation looks to recharge nuclear power industry
Yesterday
By Jake Bolster, Wyatt Myskow & Dylan Baddour

URG - Insider Monkey - 11/23/2025
9. Ur-Energy Inc. (NYSE:URG)
3-Year Sales Growth: 1181.92%
Sales Growth Year over Year: 138.94%
Stock Upside Potential: 80.21%
Number of Hedge Fund Holders: 22
Ur-Energy Inc. (NYSE:URG) is one of the fastest-growing penny stocks to buy now. On November 6, Maxim Group analyst Tate Sullivan reiterated a Buy rating on Ur-Energy Inc. (NYSE:URG). According to the analyst, the company is well-positioned to benefit from growing uranium demand from US customers.
The company has already secured significant off-take agreements with US commercial nuclear power plants, underscoring its long-term prospects. It has also reiterated its 2025 revenue guidance, which expects to sell 440,000 pounds of U3O8 at an average price of $61.77 per pound. It expects to realize revenues of $27.2 million.
Ur-Energy is also on course to start production at its second uranium mining project in Wyoming as it looks to capitalize on growing uranium demand. It’s also ramping up production at Lost Creek, which produced 93,525 pounds of U308, dried and packaged, in the third quarter.
On November 4, analysts at H.C. Wainwright cut their price target of the stock to $2.60 from $2.70 but reiterated a Buy rating. According to the research firm, the use of purchased inventories should help protect and maximize the value of low-cost products in the long term.
Ur-Energy Inc. (NYSE:URG) is a U.S.-based uranium mining company that acquires, explores, develops, and operates uranium properties in the United States. It specializes in the environmentally sensitive in-situ recovery (ISR) method of uranium extraction, which leaves the rock in place. Its flagship project is the Lost Creek project in Wyoming, and it is also developing the Shirley Basin project.

I got the URGe to Fly

https://ussanews.com/2025/11/19/this-is-a-national-emergency-us-govt-to-buy-10-large-new-nuclear-reactors/

"Domestically owned and operated uranium mining companies, UEC, EU, URG, UUUU – The four major American uranium companies stand to benefit from the federal effort to expand domestic mining of uranium, not just for a commercial fleet expansion effort, but for defense purposes, as uranium mined in the United States is the only ore that can be used for use in nuclear weapons and US Navy reactors".

Setenews
Holdings of Ur-Energy Inc (URG) are aligned with the stars
12 hours ago

From AOL Finance
Ur-Energy is a penny stock, meaning it carries a lot of risk and doesn’t have a lot of support in the investment community. However, the five analysts following it have a consensus “buy” rating on the company, with a 12-month price target of $2.68, about 125% above current levels. - Can you be quick enough before The Big One?

THE BIG ONE IS COMING
Can you Quick-Draw?

URG - Ready to Explode like an A-Bomb
Let's be honest
Are you Ready? Will you be quick enough?

Bit of a slump today,
That's OK - we'll pull
out of this with
flying colors

Raiseth The Asketh
They Willith Payeth

News in the Making as we Speaketh
But we don't know about it YET
You know it's a-comin'
I know it's a-comin'
Release that News We Can Use - Rally Rally

You know it, I know it - It's Coming
The Big One - El Grande - El Magnifico - The Big Moon Boom
Are You Ready? Will you be quick enough?