Profile: Ur-Energy Inc (URG.A)

URG.A on American Stock Exchange

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Ur-Energy, Inc., incorporated on August 8, 2006, is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties located primarily in Wyoming, United States. The Company has a wholly owned subsidiary Ur-Energy USA Inc., which has three wholly owned subsidiaries: NFU Wyoming, LLC, Lost Creek ISR, LLC and Pathfinder Mines Corporation. NFU Wyoming facilitates acquisition of certain property and assets and acts as the Company's land holding and exploration entity. Lost Creek ISR holds and operates the Company's Lost Creek Project and certain other of Lost Creek properties and assets. Pathfinder Mines holds, among other assets, the Shirley Basin and Lucky Mc properties in Wyoming.

The Company's land portfolio includes 14 projects in the United States. Ten of the United States projects are in the Great Divide Basin, Wyoming, including its flagship project, Lost Creek Project. The Company controls a total of more than 2,100 unpatented mining claims and four State of Wyoming mineral leases for a total of more than 42,000 acres in the area of the Lost Creek Property, including the Lost Creek permit area (the Lost Creek Project) and certain adjoining properties which refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Five of the projects at the Lost Creek Property contain NI 43-101 compliant mineral resources: Lost Creek, LC East, LC West, LC South and LC North. The Company's Wyoming properties together total more than 66,000 acres and include two properties Shirley Basin and Lucky Mc.

Lost Creek Project – Great Divide Basin, Wyoming

The Lost Creek Project is located in the Great Divide Basin, Wyoming. The Main Mineral Trend of the Lost Creek uranium deposit (the MMT) is located within the Lost Creek Project. The permit area of the Lost Creek Project covers 4,254 acres), consisting of 201 lode mining claims and one State of Wyoming mineral lease section. Construction included the plant facility and office building, installation of all process equipment, installation of two access roads, additional power lines and drop lines, deep disposal wells, construction of two holding ponds, warehouse building and drill shed building.

Five Projects Adjoining Lost Creek Together with the Lost Creek Project Form the Lost Creek Property

The LC East and LC West Projects (approximately 5,260 acres and 3,840 acres, respectively) were added to the Lost Creek Property. The two projects were formed through location of new unpatented lode mining claims and the asset exchange with Uranium One Americas, Inc., through which the Company acquired 175 unpatented mining claims and related data. The Company also located additional lode mining claims to secure the lands. The East Mineral Trend (the EMT) is a second mineral trend of significance, in addition to the MMT at Lost Creek. The Lost Creek PEA recommends delineation drilling of identified resources in the EMT continue, together with baseline studies toward a goal of permitting future production. As well, exploration drilling in the northern portions of the project is recommended.

The LC North Project (approximately 7,489 acres) is located to the north and to the west of the Lost Creek Project. The exploration drilling on this project consisted of 161 drill holes. The LC South Project (approximately 11,467 acres) is located to the south and southeast of the Lost Creek Project. Historical drilling on the LC South Project consisted of 482 drill holes. The EN Project (approximately 10,122 acres) is adjacent to and east of LC South. The Company has over 50 historical drill logs from the EN project.

Lost Soldier Project – Great Divide Basin, Wyoming

The Lost Soldier project is located approximately 14 miles to the northeast of the Lost Creek Project. Lost Soldier has over 3,700 historic drill holes defining 14 sandstone units. The Company maintains 143 unpatented mining claims at Lost Soldier, totaling approximately 2,710 mineral acres.

The Bootheel Project, LLC and The Bootheel Project – Shirley Basin, Wyoming

Under the Bootheel Project, the Company had no activity other than land maintenance (payment of maintenance for unpatented mining claims and of state lease rentals) during 2014. The Company does not anticipate further exploration or development work being conducted during 2015.

Company Address

Ur-Energy Inc

10758 W Centennial Rd Ste 200
LITTLETON   CO   80127-4290
P: +1720.9814588
F: +1720.9815643

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