Ur-Energy Inc. Announces Pricing of Public Offering of Common Shares

Ur-Energy Inc. (NYSE American: URG) announced the pricing of its underwritten public offering of 57,150,000 common shares at $1.05 per share. The company has granted underwriters a 30-day option to purchase up to 8,572,500 additional common shares. The gross proceeds from this offering are expected to be around $60 million, before deducting expenses. The offering is expected to close around July 29, 2024, subject to customary closing conditions.

All common shares in the offering will be sold by Ur-Energy. Cantor is the sole book-running manager, with co-managers including A.G.P./Alliance Global Partners LLC, H.C. Wainwright & Co., Roth Capital Partners, and Ventum Financial Corp. The proceeds will help with the ramp-up at Lost Creek, development at Shirley Basin, potential acquisitions, and general corporate purposes.

The shares are offered under a shelf registration statement on Form S-3, effective since July 19, 2023. Preliminary prospectus supplements are available on the SEC's website. Copies of the final prospectus will also be available on the SEC's website once filed.