Ur-Energy Inc. - URG STOCK NEWS

Ur-Energy congratulates Constellation on securing an 835-megawatt power purchase agreement with Microsoft, marking Constellation's largest such deal. The agreement will restart Pennsylvania's Three Mile Island Unit 1 reactor, creating 3,400 jobs and offsetting 61 million metric tons of CO2 over 20 years. Ur-Energy, the largest domestic uranium producer in the U.S. in 2024 H1, continues as a key supplier to Constellation from its Wyoming operations. The company is expanding with its Shirley Basin ISR mine, expected to complete in late 2025, increasing production capacity by 83%. This development aligns with growing data center electricity demands, projected to reach 9.1% of U.S. electricity generation by 2030.

Ur-Energy provides updates on its Lost Creek mine operations and Shirley Basin construction, along with revised 2024 production guidance. Key points include:

- Five header houses coming online at Lost Creek in 2024, with HH2-10 active since mid-August
- Average production solution headgrade in August was 67.1 mg/L
- Fifth yellowcake shipment of 2024 delivered on September 11
- 15 drill rigs on site at Lost Creek, with plans to redirect some to exploration projects
- 2024 production guidance revised to 325,000-475,000 pounds of U3O8 captured
- Shirley Basin development on schedule, with 120 monitor wells installed
- Shirley Basin construction expected to be complete in late 2025

The company faces challenges with employee training and retention but reports steady progress in production ramp-up.

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced its upcoming 2024 Q2 webcast and teleconference, scheduled for Tuesday, August 27, 2024, at 9:00 a.m. MT / 11:00 a.m. ET. The event will feature a review of the company's Q2 operations and results, followed by a Q&A session. Participants can join via phone or online, with pre-registration available.

Ur-Energy is a uranium mining company operating the Lost Creek facility in Wyoming, which has produced approximately 2.7 million pounds of U3O8 since operations began. The company is also advancing construction at its second facility, Shirley Basin, following a March 2024 'go' decision. Ur-Energy's primary trading market is on the NYSE American under the symbol 'URG', with additional listing on the Toronto Stock Exchange as 'URE'.

Ur-Energy (URG), a uranium mining and processing company, is set to participate in the Q3 Investor Summit on August 20th, 2024. The event, focusing on 50 micro-cap companies with catalysts or strong market performance, will feature Ur-Energy's presentation at 3:00 pm ET. Investors can access the webcast at https://www.webcaster4.com/Webcast/Page/3062/51139.

In addition to the presentation, Ur-Energy will be available for one-on-one meetings throughout the day. The summit offers a unique opportunity for qualified investors to engage with promising micro-cap companies, featuring live Q&A sessions. Interested investors are encouraged to register for this complimentary event to gain insights into Ur-Energy's operations and potential.

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has released its 2024 Q2 results, highlighting increased production at Lost Creek Mine and progress at Shirley Basin Project. Key points include:

1. Q2 production: 70,679 pounds captured, 64,170 pounds dried and packaged, 70,390 pounds shipped.
2. Q2 sales: 75,000 pounds U3O8 at $61.65 per pound, generating $4.6 million.
3. 2024 projected sales: 570,000 pounds U3O8 at $58.15 per pound, expecting $33.1 million revenue.
4. Cash position: $61.3 million as of June 30, 2024.
5. Equity financing: Raised $69.0 million through public offering.
6. Production guidance: Lowered to 550,000-650,000 pounds U3O8 for 2024.
7. Contract book: 5.7 million pounds U3O8 through 2030.

Ur-Energy is advancing Shirley Basin Project, aiming to double annual production capacity to 2.2 million pounds U3O8 by 2026.

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced the pricing of its underwritten public offering of 57,150,000 common shares at $1.05 per share. The company expects to raise approximately $60.0 million in gross proceeds, before deducting underwriting discounts, commissions, and other expenses. Ur-Energy has granted underwriters a 30-day option to purchase up to 8,572,500 additional shares on the same terms. The offering is set to close around July 29, 2024. Cantor is acting as the sole book-running manager, with several co-managers. The company plans to use the net proceeds for working capital, Lost Creek ramp-up, Shirley Basin development, potential acquisitions, and general corporate purposes.

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced plans for an underwritten public offering of its common shares. The company intends to grant underwriters a 30-day option to purchase additional shares, up to 15% of the offering. Cantor is acting as the sole book-running manager. Ur-Energy plans to use the net proceeds for:

• Continued ramp-up at Lost Creek
• Development at Shirley Basin
• Possible future acquisitions or strategic transactions
• Working capital and general corporate purposes

The offering is subject to market conditions, with no assurance of completion or final terms. Securities will be offered under a previously filed and effective shelf registration statement.

Ur-Energy (NYSE American:URG)(TSX:URE) provides a 2024 Q2 update on its Lost Creek production operations and Shirley Basin development. Key highlights include:

1. Lost Creek production increased, with 70,679 pounds captured, 64,170 pounds dried and packaged, and 70,390 pounds U3O8 shipped in Q2.

2. 2024 production guidance adjusted to the lower side of 550,000 to 650,000 pounds captured on IX resin.

3. Shirley Basin development progressing with monitor well installation and infrastructure improvements.

4. Q2 uranium sales of 75,000 pounds U3O8 at an average price of $61.65 per pound, generating $4.6 million in revenue.

5. Total expected 2024 sales of 570,000 pounds U3O8, with anticipated revenues of $33.1 million.

6. Cash and cash equivalents of $61.3 million as of June 30, 2024.

Ur-Energy held its Annual General and Special Meeting of Shareholders on June 6, 2024. All seven director nominees listed in the management proxy circular were elected, with John W. Cash receiving 99.51% of votes in favor. The reappointment of PricewaterhouseCoopers LLP as independent auditors was approved, and the directors were authorized to fix their remuneration. Additionally, the 'say on pay' vote for executive compensation was approved by 96.17% of votes cast.