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Ur-Energy Announces Retirement of General Counsel and Corporate Secretary Penne Goplerud and Names Alex Ritchie as Successor

Management Changes

Ur-Energy Announces Retirement of General Counsel and

Corporate Secretary Penne Goplerud and Names Alex Ritchie as

Successor

LITTLETON, CO / November 25, 2025 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE)

("Ur-Energy" or the "Company") today announced, as part of the Company's long-term

leadership succession planning, that Penne Goplerud, who has served as General Counsel and

Corporate Secretary since 2011, will retire on January 6, 2026. Ms. Goplerud began working as

outside counsel to Ur-Energy beginning in 2005 and joined the Company as Associate General

Counsel in 2007.

Ur-Energy Chairman and CEO, John Cash, commented, "I want to personally thank Penne for

her unwavering dedication to Ur-Energy over the past 20 years and her teacher's heart that has

always been willing to mentor me and many others. Penne was instrumental in the success of the

Company since its earliest days and played an integral leadership role in virtually every

corporate milestone. Penne's untiring work ethic and contribution will be missed by all. I wish

her the absolute best during retirement and hope she can now find the time to return to the tennis

court."

Mr. Alex Ritchie will succeed Ms. Goplerud as General Counsel and Corporate Secretary on

January 6, 2026. Ms. Goplerud will continue with Ur-Energy for a short time to ensure a smooth

transition.

Ur-Energy President and incoming CEO, Matt Gili, commented, "We are incredibly grateful to

Penne for her many contributions to the Company and wish her the very best in retirement. As

we continue to grow our business and expand our operations, we are thrilled to have Alex join

the team. Although Alex has big shoes to fill, he brings exceptional expertise and leadership that

will strengthen our strategic execution going forward while maintaining our strong standards for

compliance, governance and risk management."

Mr. Ritchie has more than 25 years of diverse legal, executive and business experience in natural

resources law and transactions, environmental law, general corporate and contract matters and

accounting. Mr. Ritchie began his legal career in private practice in 1999. From 2000 - 2009, he

practiced in the natural resources, commercial law and securities groups of a prominent Denver

law firm, where he was elected partner in December 2006. While in private practice, he

represented mining and energy company clients on billions of dollars of acquisition, divestiture,

joint venture, financing, securities and other transactions. From 2009 - 2012, he served as senior

corporate counsel for the U.S. subsidiary of an international oil and gas company, where he

worked on environmental compliance and permitting, major projects, commercial contracts,

acquisitions and divestitures, and general corporate matters.

Mr. Ritchie has been a thought leader and educator on natural resources law. Since 2017, he has

been the Executive Director of The Foundation for Natural Resources and Energy Law (formerly

the Rocky Mountain Mineral Law Foundation), where he led the preeminent provider of legal

education and scholarship on mining, energy, and other natural resources law. From 2012 - 2017,

he was an associate professor at the University of New Mexico School of Law where he taught

courses on natural resources, energy, environmental, property, and business law.

Mr. Ritchie has been a frequent speaker and published author on mining, oil and gas,

environmental, and business law issues. He has also served numerous boards and advisory

councils of natural resources organizations and public charities. Before entering law school, he

was a public accountant and worked for three years in the Washington, D.C. office of KPMG.

Mr. Ritchie obtained his J.D. from the University of Virginia School of Law and his B.S.B.A in

accounting from Georgetown University.

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 and packaged approximately 3.0 million

pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun

development and construction activities at Shirley Basin, the Company's second in situ recovery

uranium facility in Wyoming. 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 office is in Littleton,

Colorado and its registered office is in Ottawa, Ontario.

Contact Information

Valerie Kimball

IR Director

[email protected]

720-460-8534

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., the planned

retirement of Ur-Energy General Counsel and Corporate Secretary Penne Goplerud and

succession by Alex Ritchie) 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. Generally, forward-looking

statements can be identified by the use of forward-looking terminology such as "plans,"

"expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates,"

"does not anticipate," or "believes," or variations of the foregoing, or statements that certain

actions, events or results "may," "could," "might" or "will be taken," "occur," "be achieved" or

"have the potential to." 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 expressed 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; failure to establish estimated resources and reserves; the

grade and recovery of uranium which is 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; inflation; changes in exchange rates;

fluctuations in commodity prices; delays in development and other factors described in the

public filings made by the Company at www.sedarplus.ca 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.

SOURCE: Ur-Energy Inc.