Ur‐Energy Celebrates Five Years of Lost Creek Operations and
News Release
10758 W. Centennial Rd. Suite 200
Littleton, CO 80127
Phone: 720.981.4588
Fax: 720.981.5643
www.ur-energy.com
Ur‐Energy Celebrates Five Years of Lost Creek Operations and
Announces Webcast and Teleconference August 7, 2018
Littleton, Colorado (PR Newswire – August 2, 2018) Ur‐Energy Inc. (NYSE American:URG, TSX:URE) (the
“Company” or “Ur‐Energy”) is pleased to announce we are celebrating five years of production
operations at Lost Creek. The Company will host a webcast and teleconference, Tuesday, August 7, 2018
to discuss the Company’s operational results and current events in the uranium industry, and to provide
an update on the Section 232 trade action.
Our flagship property, Lost Creek, began operations August 2, 2013 and, five years later, we have
produced, packaged and shipped more than 2.4 million pounds U3O8 from the Project. We are fortunate
that our prolific first mine unit (MU1) permits us to continue production from its 13 originally‐planned
header houses after five years of operations in that mine unit. MU1 continues to outperform
expectations with nearly 92% recovered through Q2 – 2018. In recent months, having brought online
the initial three header houses in our second mine unit (MU2), we have increased flowrates, and
therefore production rates, returning to a daily production rate at Lost Creek of approximately 900‐1,000
pounds U3O8. These first three of at least 13 planned header houses in MU2 have performed very well,
exceeding budgeted expectations in flow and headgrade. The first of the three has already recovered
approximately 80% of the underpattern resources in only 10 months. The other two are operating at
similar rates. This can be attributed to both an excellent project orebody as well as production system
modifications allowing for more uniform flows from patterns.
We look forward to improved uranium market conditions in order to ramp up to nameplate production,
and have maintained operational readiness to do so. We have retained our experienced core personnel
at the Lost Creek site to be prepared for increased production operations. The remainder of MU1 and
MU2, which still hold nearly 4.5 million pounds of an estimated mineral resource, are permitted and
ready for construction and operation when the time is appropriate. These areas are exclusive of an
additional 10 mine units detailed in the Lost Creek Property Preliminary Economic Assessment (February
2016).
We are pleased that the Department of Commerce (the “Department”) initiated the investigation into
the effects of uranium imports on national security and the uranium mining industry, as that
investigation and resulting remedial measures are even more important to our industry now than six
months ago when we and Energy Fuels Resources (USA) Inc. filed the Section 232 Petition requesting the
intervention of the Department.
We will provide an update on our production operations, the current state of the uranium industry and
the Section 232 trade action at our upcoming webcast and teleconference. The webcast and
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teleconference will be held Tuesday, August 7, 2018 at 9:00 a.m. MT / 11:00 a.m. ET to provide an
operational update. A Q&A session will follow the presentation.
Those wishing to participate by phone can do so by calling:
US Toll‐free Number 1‐877‐226‐2859
Canada Toll‐free Number 1‐855‐669‐9657
International Number 1‐412‐542‐4134
Ask to be joined into the Ur‐Energy call.
The call is being webcast by PR Newswire. The webcast can be accessed 10 minutes prior to the call. Pre‐
registration and participation access is available by clicking here or by copying the following URL into
your web browser: https://www.webcaster4.com/Webcast/Page/1186/26948.
If you are unable to join the call, a link will be available following the webcast on the Company’s website
www.ur‐energy.com.
Mr. James Bonner, Ur‐Energy Vice President Geology, Certified Professional Geologist, American Institute
of Professional Geologists, and a Qualified Person as defined by NI 43‐101, has reviewed and approved
the technical disclosure contained in this news release.
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 more than 2.4 million pounds U3O8 from Lost Creek since
the commencement of operations. Applications are under review by various agencies to incorporate our LC East
project area into the Lost Creek permits, and we have begun to submit applications for permits and licenses to
operate at our Shirley Basin Project. 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. Shares of Ur‐Energy trade on the NYSE American under the symbol “URG” and on the Toronto Stock
Exchange under the symbol “URE.” Ur‐Energy’s corporate office is in Littleton, Colorado; its registered office is in
Ottawa, Ontario. Ur‐Energy’s website is www.ur‐energy.com.
FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Klenda, Chair and CEO
866‐981‐4588
Jeff.Klenda@ur‐energy.com
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., results of Lost Creek production, including whether mine
unit two continues to perform and realize production results similar to mine unit one; when the uranium markets
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will improve, and whether anticipated ramp‐up of Lost Creek operations will proceed smoothly; the outcome of
the Department of Commerce Section 232 investigation, including whether the Secretary of Commerce will make
a recommendation to the U.S. President, and the nature of the recommendation, whether the President will act
on the recommendation and, if so, the nature of the action and remedy and the expected impacts of any remedial
measures on U.S. production and the U.S. uranium mining industry) 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. 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 ore
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.sedar.com 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.