Ur-Energy Reports Results of Annual General and Special Meeting of Shareholders and Appointment of Chairman of the Board

Rhea-AI Summary

Ur-Energy Inc. (NYSE American: URG) held its Annual General and Special Meeting of Shareholders on June 2, 2022, where all nominee Directors were elected. John W. Cash was appointed Chairman of the Board, succeeding Jeffrey Klenda, who retired. Notably, a 79.07% approval for the "say on pay" advisory vote on executive compensation was secured, alongside a 60.62% majority for the Amended and Restated Restricted Share Unit and Equity Incentive Plan. The company, which operates the Lost Creek uranium facility, is progressing with its second facility at Shirley Basin.

Positive

• John W. Cash appointed as Chairman, potentially bringing strong leadership.
• 79.07% approval for executive compensation indicates shareholder support.
• 60.62% approval for the Equity Incentive Plan may enhance employee motivation.

Negative

• 23.80% of votes withheld from Chairman nominee W. William Boberg may reflect shareholder concerns.
• Retirement of Jeffrey Klenda could signal a loss of experienced leadership.

LITTLETON, CO / ACCESSWIRE / June 3, 2022 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") announces the results of the Company's Annual General and Special Meeting of Shareholders ("Shareholders Meeting") held June 2, 2022, including the election of Directors.

Each of the nominee Directors listed in the Company's management proxy circular dated April 21, 2022 was elected as a Director. The Company received proxies with regard to voting on the seven Directors nominated for election, as follows:

Nominee	Votes For	%	Votes Withheld	%	Non-Votes
W. William Boberg	50,021,685	68.20	23,326,255	31.80	44,631,927
John W. Cash	71,947,377	98.09	1,400,564	1.91	44,631,926
Rob Chang	62,313,454	84.96	11,034,486	15.04	44,631,927
James M. Franklin	61,074,768	83.27	12,273,173	16.73	44,631,926
Gary C. Huber	53,206,557	72.54	20,141,383	27.46	44,631,927
Thomas H. Parker	70,333,076	95.89	3,014,865	4.11	44,631,926
Kathy E. Walker	71,594,668	97.61	1,753,272	2.39	44,631,927

The Company's independent auditors PricewaterhouseCoopers LLP were reappointed by the Shareholders, and the Directors of the Company were authorized to fix the remuneration of the auditors.

The "say on pay" vote to approve executive compensation was approved with 79.07% of the votes cast voting for the non-binding advisory vote.

Renewal of the Amended and Restated Restricted Share Unit and Equity Incentive Plan of the Company was approved by a majority of the votes represented (60.62%), after the exclusion of votes held by certain insiders and their affiliates.

Following the Shareholders Meeting, the Board met and has appointed John W. Cash Chairman of the Board. Mr. Cash succeeds Jeffrey Klenda as Chairman. Mr. Klenda has retired effective June 2, 2022. Mr. Cash was named Chief Executive Officer effective March 1, 2022 and, effective June 3, 2022, has also been named President of the Company. Thomas Parker, Lead Independent Director, will continue to serve in that role on the Board.

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

John W. Cash, Chairman, CEO and President
866.981.4588, ext. 303
John.Cash@Ur-Energy.com

SOURCE: Ur-Energy Inc.

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FAQ

What were the results of Ur-Energy's June 2022 shareholder meeting?

All nominee Directors were elected, and John W. Cash was appointed Chairman, succeeding Jeffrey Klenda.

What percentage of shareholders approved the executive compensation at Ur-Energy?

The executive compensation received a 79.07% approval from shareholders.

What is the significance of John W. Cash's appointment as Chairman?

His appointment may strengthen leadership following the retirement of Jeffrey Klenda.

How did shareholders vote on the Equity Incentive Plan?

The Amended and Restated Restricted Share Unit and Equity Incentive Plan was approved by 60.62% of votes.