Ur-Energy Inc. Announces Closing of $4.68 Million Registered Direct Offering
Ur-Energy Inc. Announces Closing of $4.68 Million Registered Direct Offering
Littleton, Colorado, August 4, 2020 – Ur-Energy Inc. (NYSE American: URG) (TSX: URE)
(“Ur-Energy”) announced today the closing of its previously announced registered direct offering
of 9,000,000 common shares and accompanying one-half common share warrants to purchase up
to 4,500,000 common shares, at a combined public offering price of $0.52 per common share and
accompanying one-half common share warrant. The common share warrants will expire two years
from the date of issuance and will allow the holders to purchase our common shares at an exercise
price of $ 0.75 per whole common share. The gross proceeds to Ur -Energy from this offering ,
before deducting the placement agent’s fees and other estimated offering expenses payable by
Ur-Energy, were $4.68 million.
Cantor Fitzgerald & Co. acted as the sole placement agent for the offering.
Ur-Energy anticipates using the net proceeds from the offering to sustain operations, and for
working capital and general corporate purposes.
The securities described above are b eing offered by Ur -Energy pursuant to a shelf registration
statement on Form S-3 previously filed with and declared effective by the Securities and Exchange
Commission (the "SEC") on May 27, 2020. 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 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, nor 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. Offers 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, respectively. Ur -Energy ope rates the Lost Creek in-
situ recovery uranium facility in south-central Wyoming. Ur-Energy has produced, packaged and
shipped more than 2.6 million pounds from Lost Creek since the commencement of operations.
Applications are under review by various agenci es to incorporate Ur -Energy’s LC East project
area into the Lost Creek permits, and the company 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 a nd processing activities in the United States, including the acquisition,
exploration, development and operation of uranium 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 could cause actual results to differ materially from
any forward-looking statements include, but are not limited to, commodity price volatility, the
impact 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
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.
For further information, please contact:
Jeffrey Klenda, Chair and CEO
+1 720-981-4588