Ur-Energy Inc. Announces Closing of $10.0 Million Public Equity Offering
Ur-Energy Inc. Announces Closing of $10.0 Million Public Equity Offering
Littleton, Colorado, September 25, 2018 – Ur-E nergy Inc. (NYSE American: URG) (TSX:
URE) (“Ur-Energy”) announced today the closing of its previously announced underwritten public
offering of 12,195,122 common shares and accompa nying warrants to purchase up to 6,097,561
common shares, at a combined public offering price of $0.82 per common share and accompanying
warrant. The warrants will expire three years from the date of issuance and will allow the holders
to purchase our common shares at an exercise price of $1.00 per common share. Ur-Energy has
also granted the underwriters a 30-day option to purchase up to 1,829,268 additional common
shares and warrants to purchase up to an aggregate of 914,634 common shares on the same terms.
The underwriters have exercised a portion of their option to purch ase additional securities at
closing, acquiring 867,7 56 additional warrants to purchas e an aggregate of 433,878 common
shares. Including the partial exercise of the option, Ur-Energy issued a total of 12,195,122 common
shares and 13,062,878 warrants to purchase up to 6,531,439 common shares. The gross proceeds
to Ur-Energy from this offering were a pproximately $10.0 million, before deducting the
underwriting discounts and commissions and othe r estimated offering expenses payable by Ur-
Energy.
Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. H.C. Wainwright
& Co., LLC acted as lead manager for the offering.
Ur-Energy anticipates using th e net proceeds from the offering to maintain and enhance
operational readiness; additionally, proceeds ma y be used for working capital and general
corporate purposes. The securities described abov e are being offered by Ur-Energy pursuant to a
shelf registration statement on Form S-3 previous ly filed with and declared effective by the
Securities and Exchange Commission (the "SEC ") on August 3, 2017. A prospectus supplement
and the accompanying prospectus relating to the securities being offered have been filed with the
SEC and are available on the SEC's website at http://www.sec.gov. Copies of the final prospectus
supplement and accompanying prospectus may be obtained from Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Ave., 6th Floor, New York, New York 10022 or by e-mail
This announcement is neither an offer to sell, no r a solicitation of an offer to buy, any of these
securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which
such offer, solicitation or sale is unlawful. Offe rs will be made only by means of the prospectus
supplement and accompanying prospectus forming a part of the effective registration statement.
About Ur-Energy:
Ur-Energy is a U.S. uranium mining company with corporate and operations offices in Denver,
Colorado, and Casper, Wyoming, respectivel y. Ur-Energy operates the Lost Creek in-
situ recovery uranium facility in south-central Wyoming. Ur-Energy has produced, packaged and
shipped more than 2 million pounds from Lost Creek since the commencement of operations.
Applications are under review by various agencies to incorporate Ur-Energy’s LC East project
area into the Lost Creek permits, and the compa ny has begun to submit applications for permits
and licenses to construct and operate its Shirley Basin Project. Ur-Energy is engaged in uranium
mining, recovery and processing activities in the United States, including the acquisition,
exploration, development and operation of uran ium mineral properties. The primary trading
market for Ur-Energy’s common shares is the NYSE American under the trading symbol “URG;”
Ur-Energy’s common shares also trade on the Toronto Stock Exchange under the trading symbol
“URE.”
Cautionary Note Regarding Forward-Looking Statements:
This release may contain “forward-looking statements” within the meaning of applicable securities
laws regarding events or conditions that may occur in the future (i.e., the use of proceeds from the
offering) 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 coul d cause actual results to differ materially from
any forward-looking statements include, but are not limited to, satisfacti on of the conditions to
closing of the offering, delays in obtaining required stock exchange or other regulatory approvals,
commodity price volatility, the im pact of general business and economic conditions, as well as
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 ar e based on the beliefs, expectations and opinions
of management as of the date hereof and Ur-Energy disclaims a ny 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.
For further information, please contact:
Jeffrey Klenda, Chair and CEO
+1 720-981-4588