Ur-Energy
Set to Join
the Russell Index
Littleton,
Colorado, June 7, 2021, InvestorsHub NewsWire
-- Ur-Energy
Inc. (NYSE American:URG) (TSX:URE) (the "Company"
or
"Ur-Energy")
is set to join
the broad-market Russell 3000 Index at the conclusion of
the 2021 Russell indexes annual reconstitution,
effective after the U.S. market opens on June
28, 2021 according to a preliminary
list of additions made public
June
4,
2021.
Annual
Russell indexes reconstitution
captures the 4,000 largest U.S. stocks as of May 7, ranking
them by total market capitalization. Membership in the
U.S. all-cap Russell 3000
Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000 Index or small-cap Russell
2000 Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style
attributes.
Ur-Energy Chairman and CEO
Jeff Klenda, said, "Ur-Energy is excited to be included in the
Russell 3000 Index. This listing reflects
the significant increase in our market capitalization over the past
several months, and our continued effort to build
shareholder value. Inclusion in the Russell 3000
is significant as
the Russell indexes are widely followed by the investment community. We
believe inclusion in the Russell index provides us with the
opportunity to expand our shareholder registry as we continue to
progress our strategic initiatives and maintain operational
readiness until we ramp-up production operations at our Lost Creek
Project."
Russell indexes
are widely used by investment managers and institutional investors
for index funds and as benchmarks for active investment strategies.
Approximately $10.6 trillion in assets are benchmarked
against Russell's
U.S. indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
FTSE Russell
index expertise and products are used extensively by institutional
and retail investors globally. Approximately $17.9 trillion is
currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment
banks have chosen FTSE Russell indexes to benchmark their
investment performance and create ETFs, structured products and
index-based derivatives. For more information on the
Russell 3000®
Index and the
Russell indexes reconstitution, go to the "Russell Reconstitution"
section on the
FTSE Russell website.
About Ur-Energy
Ur-Energy is a uranium mining
company operating the Lost Creek in-situ
recovery uranium
facility in south-central Wyoming. We have produced, packaged, and
shipped approximately 2.6 million pounds from Lost Creek since the
commencement of operations. Ur-Energy now has all major permits and
authorizations to begin construction at Shirley Basin, the
Company's second in situ recovery uranium facility in Wyoming and
is in the process of obtaining remaining amendments to Lost
Creek authorizations for expansion
of Lost Creek. Ur-Energy is engaged in uranium
mining, 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 office is located in Littleton, Colorado and
its registered office is located in Ottawa, Ontario. Ur-Energy's
website is
www.ur-energy.com.
FOR FURTHER
INFORMATION, PLEASE CONTACT
Jeffrey Klenda,
Chairman & CEO
866-981-4588
Jeff.Klenda@Ur-Energy.com
Cautionary
Note Regarding Forward-Looking Information
This release
may contain
"forward-looking statements" within the meaning of applicable
securities laws regarding events or conditions that may occur in
the future (e.g.,
whether inclusion
on the Russell Index will enhance shareholder
value and permit the Company to expand
its shareholder registry; the success of
the Company's
ongoing strategic initiatives;
what
decisions
will be made
for ramp-up of operations
at Lost Creek,
and when those decisions will
occur) and are based on current
expectations that, while considered reasonable by management at
this time, inherently involve a number of significant business,
economic and competitive risks, uncertainties and
contingencies. All statements, other than
statements of historical fact, are considered to be forward-looking
statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements express or implied by the forward-looking
statements. Factors that could cause
actual results to differ materially from any forward-looking
statements include, but are not limited to, capital and other costs
varying significantly from estimates; fluctuations in commodity
prices; failure to establish estimated resources; the grade and
recovery of mineral resources which are mined varying from
estimates; production rates, methods and amounts varying from
estimates; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; changes to
regulatory and legal requirements; inflation; changes in exchange
rates; delays in development, and other factors described in the
public filings made by the Company at
www.sedar.com and
www.sec.gov. Readers should not place
undue reliance on forward-looking statements. The forward-looking
statements contained herein are based on the beliefs, expectations
and opinions of management as of the date hereof and Ur-Energy
disclaims any intent or obligation to update them or revise them to
reflect any change in circumstances or in management's beliefs,
expectations or opinions that occur in the future.
