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Tuesday
Sep062011

Ur-Energy to Present at Rodman & Renshaw Annual Global and Investment Conference

Littleton, Colorado (PR Newswire – September 6, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) Chairman and Executive Director Jeff Klenda will present an update on the Company and its Lost Creek ISR uranium project at the Rodman & Renshaw Annual Global and Investment Conference.  The presentation is scheduled for Tuesday, September 13 at 11:40 am ET in the Dillon Suite at the Waldorf Astoria hotel in New York City.  Additional information about the Conference is available at http://www.rodm.com/conferences?id=164.  

Mr. Klenda along with President and CEO, Wayne Heili will also be available to meet with analysts and investors in one-on-one meetings during the Conference.  Those interested in scheduling a one-on-one meeting can contact rich.boberg@ur-energyusa.com

The Company’s presentation for the conference will be available after the conference on Ur-Energy’s website at http://www.ur-energy.com/presentations/

                                                                                                                 

About Ur-Energy

Ur-Energy is a junior uranium company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production.  Permitting also will allow the construction of a two-million-pounds-per-year in situ uranium processing facility. Engineering for the process facility is complete and mine planning is at an advanced stage for the first two mine units. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado; its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.

 

FOR FURTHER INFORMATION, PLEASE CONTACT

Rich Boberg, Director, IR/PR                             Wayne Heili, President and CEO

720-981-4588, ext. 238                                     307-265-2373

866-981-4588                                                   866-981-4588

Click here to email Rich                                   Click here to email Wayne

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future 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, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore 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. 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.

 

Click here for PDF of this News Release

Friday
Sep022011

BLM Forecasts Decision Date for Lost Creek Project

Littleton, Colorado (PR Newswire – September 2, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  The U.S. Bureau of Land Management (BLM) has conveyed to Ur-Energy (or the “Company”) its schedule for the completion of an Environmental Impact Statement (EIS) for the Lost Creek Project in order to satisfy its obligations under the National Environmental Policy Act.  The BLM also indicated that it anticipates completion of the Record of Decision for the Lost Creek Plan of Operations early in the summer of 2012.  In order to meet this time frame, the BLM is incorporating by reference portions of the analysis prepared in the Nuclear Regulatory Commission’s SEIS, and tiering off of that analysis where applicable. 

The anticipated timing of the BLM approval complements the Company’s existing sales agreement and expectation to deliver significant uranium production into the market in 2013.  With the receipt of a detailed and well thought-out work plan from the BLM, the Company is preparing to break ground on the Lost Creek ISR facilities in mid-summer 2012.  Construction will last approximately six to nine months and will be followed immediately by production from the first mine unit. 

“We are pleased to learn that the BLM has set a firm time frame for the completion of its review” states Wayne Heili, President and CEO.  “The level of analysis and detail of the work plan gives us confidence that the BLM will complete its review on this schedule.  Like the NRC which issued its license for Lost Creek last month, I anticipate that the BLM will determine that the Lost Creek Project will be allowed to move forward.” 

About Ur-Energy

Ur-Energy is a junior uranium company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production.  Permitting also will allow the construction of a two-million-pounds-per-year in situ uranium processing facility. Engineering for the process facility is complete and mine planning is at an advanced stage for the first two mine units. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado; its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.

 

FOR FURTHER INFORMATION, PLEASE CONTACT

Rich Boberg, Director, IR/PR                    Wayne Heili, President and CEO

303-269-7707                                          307-265-2373

866-981-4588                                          866-981-4588

Click here to email Rich                          Click here to email Wayne

 

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., receipt of and related timing of approval of the BLM Plan of Operations; timing for commencement and completion of construction of the Lost Creek facility; timing and amount of production and delivery of uranium under current sales agreement) 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, capital and other costs varying significantly from estimates; failure to establish estimated resources; the grade and recovery of ore 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. 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.

 

Click here for PDF of this News Release

Monday
Aug292011

Ur-Energy Progresses with Permitting of Lost Creek Project

Littleton, Colorado (Marketwire – August 29, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) is pleased to announce that the Wyoming Department of Environmental Quality (“WDEQ”) has reclassified a portion of the production aquifer within the Lost Creek permit area as Class V (Mineral Commercial).  The U.S. Environmental Protection Agency (“EPA”), in a letter dated August 23, 2011, formally agreed with WDEQ’s reclassification and in turn has issued an aquifer exemption pursuant to the requirements in 40 CFR §146.4.  Both the WDEQ aquifer reclassification and the EPA aquifer exemption are required before injection into the uranium recovery wellfields can begin.  The aquifer reclassification and exemption area includes all of the commercially producible uranium mineralization currently known and included within the Nuclear Regulatory Commission License area (see August 17, 2011 release for more information).  This area encompasses all of the currently planned wellfields and will therefore not require changes in the foreseeable future.  

EPA’s issuance of the aquifer exemption, in agreement with the WDEQ’s reclassification, means the only remaining WDEQ action required is the final approval and issuance of the Permit to Mine.  Mr. Steve Hatten, VP of Operations, stated, “We are very pleased that the WDEQ and EPA have accepted the scientific methodology presented by Lost Creek for defining the aquifer exemption.  This method will allow for the in situ recovery of uranium while protecting surrounding aquifers and ensuring compliance with the Safe Drinking Water Act.”

About Ur-Energy

Ur-Energy is a junior uranium company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production.  Permitting also will allow the construction of a two-million-pounds-per-year in situ uranium processing facility. Engineering for the process facility is complete and mine planning is at an advanced stage for the first two mine units. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado; its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.

FOR FURTHER INFORMATION, PLEASE CONTACT

Rich Boberg, Director, IR/PR                   Wayne Heili, President and CEO

303-269-7707                                         307-265-2373

866-981-4588                                          866-981-4588

Click here to email Rich                            Click here to email Wayne

 

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., whether the reclassification and exemption will require changes in the foreseeable future and receipt of and related timing of the State of Wyoming Permit to Mine), 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, capital and other costs varying significantly from estimates; failure to establish estimated resources; the grade and recovery of ore 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. 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.

 

Click here for PDF of this News Release

Wednesday
Aug172011

Ur-Energy Announces Receipt of Final NRC License

Littleton, Colorado (Marketwire – August 17, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) is pleased to announce that the U.S. Nuclear Regulatory Commission (NRC) has completed its review of the Lost Creek Project Technical Report and has issued the Safety Evaluation Report and the Final Source and Byproduct Materials License.  The Company previously announced the NRC’s completion of the related Final Supplemental Environmental Impact Statement on June 20, 2011.  This final action on the part of the NRC, which is the culmination of nearly four years of environmental and technical analysis, concludes the NRC’s review of the Lost Creek Project.

The issuance of the NRC Source and Byproduct Materials License marks a significant milestone for the Company as it is one of the three major authorizations required for construction and operation of the Lost Creek in-situ uranium recovery facility.  Wayne Heili, President, said, “We are very pleased that the NRC, after completing a Generic Environmental Impact Statement, a Supplemental Environmental Impact Statement, and a Technical Review, has determined that the proper course of action is to issue a final Source and Byproduct Materials License.  The NRC’s authorization confirms that the project will be completed in a manner that is protective of the environment, the public, and our employees.”

About Ur-Energy

Ur-Energy is a junior uranium company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production.  Permitting also will allow the construction of a two-million-pounds-per-year in situ uranium processing facility. Engineering for the process facility is complete and mine planning is at an advanced stage for the first two mine units. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG”. Ur-Energy’s corporate office is located in Littleton, Colorado; its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.

 

FOR FURTHER INFORMATION, PLEASE CONTACT

Rich Boberg, Director, IR/PR                                        Wayne Heili, President and CEO

303-269-7707                                                               307-265-2373

866-981-4588                                                               866-981-4588

Click here to email Rich                                                Click here to email Wayne

 

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., receipt of remaining authorizations required for construction and operation of Lost Creek and related commencement of construction of the Lost Creek facility) 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, capital and other costs varying significantly from estimates; failure to establish estimated resources; the grade and recovery of ore 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. 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.

 

Click here for PDF of this News Release

Monday
Aug012011

Ur-Energy Announces Appointment of Wayne Heili as Chief Executive Officer

Littleton, Colorado (Marketwire – August 1, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) is pleased to announce that Wayne W. Heili assumed the role of President and Chief Executive Officer of Ur-Energy on August 1, 2011. 

The Board of Directors of the Company announced Mr. Heili’s appointment on May 17, 2011.  Mr. Heili joined Ur-Energy as Vice President, Mining & Engineering in 2007 and has been instrumental in the growth and development of the Company and its resource properties.

Jeff Klenda, the Company’s Chairman said:  “The board is very pleased to appoint Wayne Heili to lead the next phase of Ur-Energy’s development.  He brings wide experience in the mining industry developed in a sequence of increasingly more challenging technical, operational and strategic roles.  Wayne has been a key player for the Company and has helped shape the Company’s strategic direction.”

About Ur-Energy

Ur-Energy is a junior uranium company engaged in the identification, acquisition, exploration and development of uranium properties in both the United States and Canada.   The company is currently completing mine planning and permitting activities to bring its Lost Creek Wyoming in situ uranium deposit and planned processing facility into production. Engineering for the process facility is complete and mine planning is at an advanced stage for the first two mine units. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol “URG.” Ur-Energy’s corporate office is located in Littleton, Colorado; its registered office is in Ottawa, Ontario.  Ur-Energy’s website is www.ur-energy.com.

 

FOR FURTHER INFORMATION, PLEASE CONTACT 

Rich Boberg, Director Public Relations          Wayne W. Heili, President & CEO

303-269-7707                                             307-265-2373

866-981-4588                                             866-981-4588

rich.boberg@ur-energyusa.com                   wayne.heili@ur-energyusa.com

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future and are based on current expectations including changes in Company’s management, 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, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore 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, permits and licenses; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors. 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.

Click here for pdf version of this news release