Ur-Energy Inc. Announces Proposed Public Offering of Common Shares and Warrants
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Ur-Energy Inc. Announces Proposed Public Offering of Common Shares and Warrants
Littleton, Colorado, September 20, 2018 – Ur -Energy Inc. (NYSE American: URG) (TSX: URE)
(“Ur-Energy”) announced today that it intends to offer and sell its common shares and warrants to purchase
its common shares in an underwritten public offering. In connection with this offering, Ur-Energy expects
to grant the underwriters a 30-day option to purchase additional common shares and warrants, equal to up
to 15% of the number of securities sold in the offeri ng. The offering is subject to market conditions, and
there can be no assurance as to whether or when the offering may be completed, or as to the actual size or
terms of the offering. All of the securities in the offering are to be sold by Ur-Energy.
Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering.
Ur-Energy anticipates using the net proceeds from th e offering to maintain and enhance operational
readiness; additionally, proceeds ma y be used for working capital a nd general corporate purposes. The
securities described above are being offered by the Company pursuant to a shelf registration statement on
Form S-3 previously filed with and declared effec tive by the Securities and Exchange Commission (the
"SEC") on August 3, 2017. A preliminary prospe ctus supplement and the accompanying prospectus
relating to the securities being offered will be file d with the SEC on Septembe r 20, 2018 and will be
available on the SEC's website at http://www.sec.gov. Copies of the final prospectus supplement (when
available) and accompanying prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Ave., 6th Floor, New York, New Yo rk 10022, or by telephone at 212-829-7122, or by
e-mail at [email protected].
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. Any offer, if at all, 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 co rporate and operations offices in Denver, Colorado,
and Casper, Wyoming, respectively. Ur-Energy operat es 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 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 and 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 (e.g., the size and closing date of the proposed
offering and 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, satisfaction of the
conditions to closing of the offeri ng, delays in obtaining required st ock exchange or other regulatory
approvals, 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 relianc e 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 u pdate 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