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Ur-Energy Appoints US Energy and Mining Veteran as Chair of the Board Kathy Walker Appointed Chair; John Cash to Continue as Director and Strategic & Technical Adviser

Management Changes

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July 14, 2026

Ur-Energy Appoints US Energy and Mining Veteran as Chair of the Board

Kathy Walker Appointed Chair; John Cash to Continue as Director and Strategic & Technical Adviser

Casper, Wyoming (ACCESS Newswire) – Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (the “Company” or “Ur-

Energy”), one of the largest domestic producers of uranium in the United States , today announced that, as part

of the Board of Directors’ regular review of its leadership structure and Board responsibilities, independent

director Kathy Walker has been appointed Chair of the Board . Ms. Walker, who brings more than 40 years of

leadership experience across the energy, mining and financial industries, succeeds John Cash, who has provided

distinguished leadership as Chair and will continue to serve as a director of the Company. Mr. Cash will also

continue to contribute his extensive technical, operating and industry expertise as a strategic and technical adviser

under a consulting agreement to support the continued growth of the Company’s uranium resources and

production.

Kathy Walker, Board Chair of Ur-Energy, commented, “I am honored to accept the role of Board Chair for U r-

Energy at such an exciting time for the Company . Thanks to robust uranium fundamentals, energy security,

reshoring and our recent production milestones, I believe the growth opportunities in front of us are second to

none in the US uranium market.”

Walker continued, “ On behalf of the entire Board, I want to express our profound appreciation to John for his

exceptional leadership and extraordinary service to Ur -Energy. John has brought an uncommon combination of

technical expertise, operating experience, sound judgment and deep knowledge of the uranium industry to the role

of Chair. His leadership has been instrumental in guiding the Company through an important period of operational

advancement and positioning Ur -Energy for its next phase of growth. J ust as importantly, John has led with

integrity, thoughtfulness and an unwavering commitment to the Company, its people and its shareholders. His

contributions have had a lasting impact on Ur -Energy, and I am personally grateful for his guidance and

partnership during my eight years on the Board. We look forward to continuing to benefit from his experience,

judgment and counsel.”

John Cash, director of Ur-Energy, stated, “I would like to personally congratulate Kathy as she moves into the role

of Board Chair of Ur-Energy. Her breadth of board leadership experience in the energy and mining sectors will be

a great asset to the Board. I look forward to continuing to serve as a director and advancing our Wyoming projects

with the Board and the entire team.”

“John’s leadership as Chair has been exceptional, and his depth of industry knowledge, practical experience and

thoughtful counsel have been invaluable to both the Board and management team,” commented Matt Gili,

President, CEO and director of Ur -Energy. “We are grateful that John will remain actively involved as a director

and strategic and technical adviser as we continue to advance our Wyoming operations. Kathy is a natural choice

to succeed John as Chair. Her insights, leadership and broad business experience have already added tremendous

value to Ur-Energy, and I look forward to working closely with Kathy, John and the entire Board as we execute the

Company’s strategy.”

Kathy Walker has served as a director of Ur -Energy for eight years and currently serves as Chair of the

Compensation Committee and as a member of two other Board committees. In addition to senior management

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roles with corporations such as Utah International, a GE Mining subsidiary, and Agip Coal USA, she has served on

the boards of banks, US regional economic development organizations and national industry councils , and she

holds an MBA from Xavier University.

About Ur-Energy

Ur-Energy is a US uranium mining company operating the Lost Creek ISR uranium facility in south -central

Wyoming, which has produced more than 3.5 million pounds of U₃O₈ since operations began, and the Shirley Basin

ISR operation in central Wyoming, where uranium recovery commenced in April 2026. Lost Creek and Shirley Basin

have combined annual licensed production and toll-processing capacity of 4.2 million pounds of U₃O₈.

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. Ur-Energy’s common shares trade

on the NYSE American under the symbol “URG” and on the Toronto Stock Exchange under the symbol “URE.” The

Company’s corporate headquarters is in Casper, Wyoming, 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 press 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., statements regarding the future of the Company

and the prospects for the uranium mining industry) and are based on current expectations that, while considered

reasonable by management at this time, inherently involve significant business, economic and competitive risks,

uncertainties and contingencies. Generally, forward-looking statements can be identified by terminology such as

“plans,” “expects,” “does not expect,” “is expected,” “is likely,” “estimates,” “intends,” “anticipates,” “does not

anticipate” or “believes,” or variatio ns of such terms, or by statements that certain actions, events or results

“may,” “could,” “might” or “will” be taken, occur, be achieved or have the potential to occur. All statements other

than statements of historical fact are forward-looking statements. Forward-looking statements involve known and

unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or

achievements to differ materially from those expressed or implied by such statements. Factors that cou ld cause

actual results to differ materially include, but are not limited to, capital and other costs varying significantly from

estimates; failure to establish estimated resources and reserves; uranium grades and recoveries varying from

estimates; product ion rates, methods and amounts varying from estimates; delays in obtaining, or failure 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 Company’s public

filings 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 management’s beliefs, expectations

and opinions as of the date of this release. Ur -Energy disclaims any intent or obligation to update or revise such

statements to reflect changes in circumstances or in management’s beliefs, expectations or opinions, except as

required by applicable law.