Ur-Energy Commends President Trump’s Bold Executive Orders for the Reinvigoration of the U.S. Nuclear Industry and U.S. Energy Security
News Release
10758 W. Centennial Rd. Suite 200
Littleton, CO 80127
Phone: 720.981.4588
www.ur-energy.com
Ur-Energy Commends President Trump’s Bold Executive Orders for the
Reinvigoration of the U.S. Nuclear Industry and U.S. Energy Security
Littleton, Colorado (ACCESS Newswire – May 27, 2025) Ur-Energy Inc. (NYSE American: URG) (TSX: URE)
(“Ur-Energy”), a long-term leading U.S. uranium miner, commends the Trump Administration on its bold
action of issuing four Executive Orders making the expansion of nuclear power a national priority.
• On Ma y 23, 2025, President Trump issued four E xecutive Orders with the objective of taking
“swift and decisive action” to rapidly advance U.S. nuclear power generation and global nuclear
influence in the interest of America’s national security.
• President Trump called for quadrupling American nuclear energy capacity from 100 GW in 2024
to 400 GW by 2050 and laid out a clear path to achieve that ambitious goal, including workforce
development; expansion of domestic conversion and enrichment services ; development and
deployment of advanced nuclear reactors; and regulatory reform.
• The Department of Energy was directed to prioritize work with the U.S. nuclear industry to add
5 gigawatt of power uprates to existing nuclear reactors and have 10 new large reactors under
construction by 2030.
• Notably, the directives accelerate efforts to enhance the efficiency and focus of the NRC while
emphasizing that the U.S. maintains its leading reputation for nuclear safety.
Ur-Energy commends President Trump’s initiative through the issuance of the fo ur Executive Orders.
The actions taken will accelerate the development of the nuclear industrial base domestically and
reposition the U.S. as a commercial nuclear leader globally. The Executive Orders complement other
recent bipartisan Congressional actions to advance the domestic nuclear fuel cycle.
The shift to nuclear power is global, resulting from the desire of many nations for energy security and
reliable carbon-free baseload power, and from the immense growth in electricity demand from AI and
quantum computing. Based on these sustaining needs, we believe the demand for nuclear power has
fundamentally and irreversibly changed.
The President’s actions support long-term uranium demand and therefore production from Ur-Energy’s
Lost Creek and Shirle y Basin mines. Ur-Energy continues to ramp up production at Lost Creek and will
start uranium production at Shirley Basin in the near-term, leading to a licensed 2.2 million pound annual
production capacity.
Ur-Energy is one of only a few established U.S. miners positioned to supply uranium into the domestic
market. Our Lost Creek Mine is fully permitted, staffed and ramping up production. We recently received
the final approvals to expand Lost Creek, allowing for many additional years of uranium recovery. We
are constructing Shirley Basin, our second Wyoming recovery site, with production planned to
commence in early 2026.
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In addition to Lost Creek and Shirley Basin , we have planned delineation and exploration drilling on
several of our other Wyoming projects this summer to expand our uranium resource base. As of May 2,
2025, we were in the enviable position of having $66M in cash resources to advance our corporate
objectives.
We are excited by the rapid growth potential of the U.S. and global commercial nuclear industry and
applaud President Trump’s bold action last week to return the U.S. to its leadership role in the nuclear
sector. The Executive Orders’ mandate of rapid action will result in the expansion of the domestic reactor
fleet and resulting demand for uranium . Ur-Energy has the people, projects and experience to deliver
into this national priority.
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 2.9 million pounds 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 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 in Littleton, Colorado and its registered office is in Ottawa, Ontario.
FOR FURTHER INFORMATION, PLEASE CONTACT
John W. Cash, Chairman, CEO & President
720-981-4588, ext. 303
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 timing, implementation and funding
for the directives included in the recent Executive Orders related to nuclear energy, and the resulting
effects on the domestic uranium recovery industry including effects for our company if the directives are
successfully implemented; our ability to complete the ramp-up of production at Lost Creek; the outcome
of the planned delineation and exploration programs to grow our mineral resources, including timing for
the program, and results of drilling; timing and ability to complete build out of Shirley Basin as currently
projected; whether growing global support for nuclear energy will continue and be sustained and
whether the demand for nuclear power has irreversibly changed; whether we have and will maintain the
projects and experience to deliver into the announced national policy related to nuclear energy) 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
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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 express
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 obligatio n 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.