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Tuesday
May172011

Ur-Energy Announces the Appointment of Wayne Heili as President and COO 

Littleton, Colorado (Marketwire – May 17, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) today announced that the Company’s Vice President of Mining and Engineering, Wayne W. Heili, has been promoted to President and Chief Operating Officer and appointed as a Director of the Company.  Mr. Heili will assume the role of Chief Executive Officer on August 1, 2011, succeeding its current Chief Executive Officer, W. William Boberg, who will remain as a Director of the Company.

“On behalf of Ur-Energy, I want to thank Bill Boberg for his years of service to the Company and his guidance and assistance to Wayne during this transition period.  We wish Bill all the best in his future endeavors,” stated Board Chairman Jeffrey T. Klenda. 

Further commenting on the appointment of Wayne Heili, Jeff Klenda stated, “The Board believes that Wayne is one of the most knowledgeable executives in the uranium mining industry.  He also has exceptional leadership skills and the Board is confident in Wayne, the Company’s management team, and the Company’s prospects moving forward.”

As part of the Company’s reorganization affecting both the Littleton, Colorado office and the Casper, Wyoming office, to assist in the transition of the Company’s operations in anticipation of receipt of final licenses and permits, and to decrease costs and improve efficiencies, there will be a number of other changes in the Company’s management as well as the elimination and consolidation of some positions.

Roger Smith, Ur-Energy’s Chief Financial Officer, was appointed Chief Administrative Officer in addition to his current role as Chief Financial Officer.  “Roger has also been an integral member of Ur-Energy’s management team since he joined the Company in 2007 and the Board is pleased to extend to him the additional responsibilities of Chief Administrative Officer,” stated Jeff Klenda.  “His 25 plus years of experience in finance, accounting, IT, and M&A in the mining and manufacturing industries are essential as the Company transitions to the next stage of growth.”

Additionally, Steve Hatten, Ur-Energy’s Director of Engineering & Operations, was appointed Vice President, Operations; John Cash, Ur-Energy’s Director of Regulatory Affairs, was appointed Vice President of Regulatory Affairs, Exploration & Geology; and Penne Goplerud, Ur-Energy’s Associate General Counsel was appointed General Counsel and Corporate Secretary.

The Company also announced the departure of Paul Goss, Corporate General Counsel and Corporate Secretary and Harold Backer, Executive Vice President of Geology and Exploration.

“Ur-Energy and the Board wish to thank both Paul Goss and Harold Backer for their contributions to Ur-Energy during their time with the Company.  We wish them success in their future endeavors,” stated Bill Boberg.

Biographical details:

Wayne W. Heili – President and Chief Operating Officer

Mr. Heili has served as Ur-Energy’s Vice President of Mining and Engineering since 2007.  His career spans more than 20 years providing engineering, construction, operations and technical support in the uranium mining industry. He spent 16 years in various operational level positions with Total Minerals and Cogema Mining at their properties in Wyoming and Texas. He was Operations Manager of Cogema’s Wyoming in-situ recovery projects from 1998 to 2004. Between 2004 and 2007, Mr. Heili acted as a consultant for such companies as High Plains Uranium, Energy Metals and Behre Dolbear. His experience includes conventional and ISR uranium processing facility operations. Mr. Heili received a Bachelor of Science in Metallurgical Engineering from Michigan Technological University, with an emphasis in mineral processing.

Roger L. Smith – Chief Administrative Officer & Chief Financial Officer

Mr. Smith has served as Ur-Energy’s Chief Financial Officer since 2007.  He has more than 25 years of mining and manufacturing experience including finance, accounting, information technology and system implementations, mergers and acquisitions, audit and tax, and public and private reporting in international environments. He served as Director of Financial Planning and Analysis for Rio Tinto Minerals, a subsidiary of Rio Tinto PLC and has held various positions with other mining companies such as Vista Gold, Westmont Gold, and Homestake Mining. Mr. Smith has a Master of Business Administration and a Bachelor of Arts in Accounting from Western State College, Gunnison, Colorado.

Steve Hatten – Vice President of Operations

Mr. Hatten has served as Ur-Energy’s Engineering Manager from 2007 to 2010 and as Director of Engineering and Operations since 2010.  He has over 20 years experience with a strong background in ISR (in-situ recovery) uranium operations as a project manager and in well field and production facility design and engineering for such companies as Power Resources, Inc., Rio Algom Mining Corp. and Cameco.  Mr. Hatten has a Bachelor of Science in Petroleum Engineering from Texas Tech University.

John Cash – Vice President of Regulatory Affairs, Exploration & Geology

Mr. Cash has served as Ur-Energy’s Environment, Health, Safety and Regulatory Affairs Manager from 2007 to 2010 and as Director of Regulatory Affairs since 2010.  He previously worked for Crow Butte Resources, Inc. a subsidiary of Cameco, from 2002 to 2007 including as Senior Environmental/Safety Superintendent, Safety Director/Wellfield Supervisor and Operations Superintendent. He is a Fellow of the World Nuclear University Summer Institute, Summer 2005. Mr. Cash has a M.Sc. Geology and Geophysics from the University of Missouri-Rolla.

Penne A. Goplerud – General Counsel and Corporate Secretary

Ms. Goplerud has served as Ur-Energy’s Associate General Counsel since 2007.  She came to the Company in 2007 from private practice and brings more than 15 years of complex commercial litigation experience, including several years practicing in natural resources and mining litigation.  More recently, she became involved with more transactional work, with a natural resources practice in Colorado and internationally.  Ms. Goplerud received her J.D. with Distinction from the University of Iowa.

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.  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 Public Relations              Bill Boberg, CEO

303-269-7707                                                  303-269-7755

866-981-4588                                                  866-981-4588

rich.boberg@ur-energyusa.com                       bill.boberg@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, receipt of required governmental, environmental or other project approvals, permits and licenses, future growth of the Company, cost reductions and improved efficiencies within the Company, 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 a pdf copy of this news release

Friday
Apr292011

Ur-Energy Reports First Quarter 2011 Results

Littleton, Colorado (Marketwire – April 29, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) announces it has filed the Company’s unaudited Interim Consolidated Financial Statements and Management’s Discussion & Analysis, for the period ended March 31, 2011, with Canadian securities authorities on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.  These filings may also be accessed on the Company’s website is www.ur-energy.com.                                                                                                             

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 Public Relations                 Bill Boberg, President and CEO

303-269-7707                                                     303-269-7755

866-981-4588                                                     866-981-4588

rich.boberg@ur-energyusa.com                          bill.boberg@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 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 a pdf copy of this news release

Friday
Mar182011

Ur-Energy Reports Financial Results and Announces Year-End Teleconference and Webcast to be held on Tuesday, March 22, 2011

Littleton, Colorado (Marketwire – March 18, 2011) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) announces it has filed the Company’s Annual Information Form and  Annual Report on Form 40-F, Audited Consolidated Financial Statements, and Management’s Discussion & Analysis, all for the year ended December 31, 2010, with Canadian securities authorities on SEDAR www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.  These filings may also be accessed on the Company’s website at www.ur-energy.com.  Shareholders of the Company may receive a hard copy of the audited consolidated financial statements, free of charge, upon request to the Company.

Ur-Energy will also hold a teleconference and webcast on Tuesday, March 22, 2011 at 11:00 a.m. Eastern Time.  The Ur-Energy management team will review the fourth quarter and year-end 2010 periods, and provide an update on the Company’s operations, corporate strategy and outlook.  A Q&A session will follow management’s presentation.  Ur-Energy’s webcast and teleconference can be accessed approximately 10 minutes prior to the webcast/teleconference at the following numbers:

 

US/Canada:                877-407-8033

International:             201-689-8033

 

A link to the live webcast will be available on the Homepage or under NEWS/WEBCASTS at the Company’s website at www.ur-energy.com or at www.InvestorCalendar.com.  Participants should go to the website link 10-15 minutes prior to the scheduled conference in order to register and download any necessary audiovisual software.

If you are unable to join the call, a replay will be available approximately three hours after the conclusion of the teleconference until April 5, 2011.  To access the replay, dial 877-660-6853 (Toll Free) or 201-612-7415 (International) and enter Account Number: 286 and Conference ID Number: 369422. 

Following the webcast, the audio of the webcast will be archived on the Company’s website www.ur-energy.com.                                                                                                      

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 PR/HR  

303-269-7707

866-981-4588

Click here to send Rich an email.

Bill Boberg, President and CEO

303-269-7755

866-981-4588

Click here to send Bill an email

 

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.

  

Wednesday
Mar162011

Ur-Energy Issues New NI 43-101 Preliminary Assessment Validating Lost Creek Project

Littleton, Colorado (March16, 2011) – Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) is pleased to announce that it has issued a Preliminary Assessment for the Company’s Lost Creek Property located in Sweetwater County, Wyoming in accordance with Canadian National Instrument 43-101 (NI 43-101) for the submission of technical reports on mineral properties.  This technical report prepared by TREC, Inc. (“TREC”), and Behre Dolbear & Company (USA), Inc. (“Behre Dolbear”), utilizes all technical data obtained from the Property to date and thus supersedes the 2008 NI 43-101 Preliminary Assessment, titled the “Amended NI 43-101 Preliminary Assessment for the Lost Creek Project, Sweetwater County, Wyoming (dated April 2, 2008, as amended February 25, 2011)” (the “2008 PA”).

The purpose of the newly released Preliminary Assessment (the “2011 PA”) is to provide an independent analysis of the technical and economic viability of the mineral resources of Lost Creek.  The 2011 PA demonstrates both the technical and economic viability of the mineral resources at Lost Creek using the scientific and technical information presently available.  The economic analysis estimates that Lost Creek will generate net earnings over the life of the project, before income tax, of US$179 million.  It is estimated that the Lost Creek project has an internal rate of return (IRR) of 91 percent and a net present value (NPV) of US$118.1 million applying an eight percent discount rate.  The estimated operational cost for the project is US$19.66 per pound of uranium produced while the total cost of uranium production including all required capital spending is estimated at US$42.65 per pound.  The results reaffirm the economic projections presented in the 2008 PA.  In order to realize the full economic benefits described in the 2011 PA, the report recommends further development to bring the Lost Creek Project into production.

Bill Boberg, President and CEO of the Company stated; “As we move towards completing the permitting and preparing for production at Lost Creek, this updated PA validates both the technical and economic viability of the Lost Creek Project. I am extremely pleased with the quality of the project as it is presently defined as well as the future growth potential of the project.”

The Lost Creek Property (the “Property”) consists of the Lost Creek Project (the “Project”) and the surrounding adjoining claim block areas (the “Adjoining Properties”) known as LC North, LC South, EN and Toby.  Ur-Energy currently controls approximately 33,794 acres in the Property including the Project.  For the purposes of the 2011 PA, the combined area controlled by the Company is regarded as one material property.  However, all resources reported for the Property are located within the Project area.  The Adjoining Properties are considered to be in the exploration stage and do not presently contain any reportable resources under NI 43-101 standards. 

The economic analysis provided within the 2011 PA focuses on a well defined portion of the Project area where the current level of delineation drilling provides for confidence that the contained mineralization is of a known grade and tonnage to consider the in-situ recovery method.  Continued delineation drilling is recommended by the authors of the 2011 PA so that additional potential mineralization within the Project can be defined and later brought into the resource base for economic consideration.  

The 2011 PA incorporates all drilling data and analyses generated by the Company into a geologic resource estimating model (a modified polygonal method) similar to that used in the 2008 PA.  The modified polygonal method was used to confirm the overall grade and tonnage of the mineralized resources within the Lost Creek Project area.  The 2011 PA technical report presents the following mineral resource estimate using the modified polygonal method:

Resource

Classification

Tons

(Millions)

Grade  %U3O8

Pounds U3O8

(Millions)

Indicated

8.6

0.049

8.44

Inferred

2.0

0.051

2.04

 

 

 

 

For the purposes of the economic analysis, TREC and Behre Dolbear selected a different resource estimating method (the GT Contour method) that is better suited to guide detailed mine planning and estimates of recoverable resources for roll front type mineralization like that at Lost Creek.  Resources were categorized into the Measured, Indicated and Inferred Categories of Mineral Resources as defined in Section 1.2 of NI 43-101, using the GT Contour method.  Accordingly, the following information was used in the economic analysis:

Resource

Classification

Tons

(Millions)

Grade  %U3O8

Pounds U3O8

(Millions)

Measured

2.54

0.052

2.7

Indicated

Inferred

2.20

0.77

0.060

0.051

2.6

0.8

The authors of the 2011 PA elected to use the mineral resource results of GT Contour method in the development of the project preliminary economic assessment because of the higher level of confidence the method produces.  At this time, not all of the Project area has been drilled to a density adequate to utilize the GT-contour resource estimate.  Uranium resources identified and used in the report are defined as of the date of the report.  Additional resources may be identified in the future as drilling activities at the Property yield additional information.

In compliance with NI 43-101, the reader should be advised that the 2011 Preliminary Assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.  

The full report titled “Preliminary Assessment, Lost Creek Property, Sweetwater County, Wyoming,” dated March 16, 2011, is available on the Company’s profile on SEDAR (www.sedar.com) and EDGAR (http://www.sec.gov/edgar.shtml).

W. William Boberg, President and CEO of the Company, a Professional Geologist, and Qualified Person as defined by National Instrument 43-101, supervised the preparation of and reviewed the technical information contained in this release.  Messrs. Douglass H. Graves, P.E., Matthew J. Yovich, P.E., and Robert D. Maxwell, CPG, Independent Qualified Persons and authors of the March 16, 2011 Preliminary Assessment, Lost Creek Project, Sweetwater County Wyoming, also have reviewed this release.

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 PR/HR  

303-269-7707

866-981-4588

Click here to send Rich an email.

Bill Boberg, President and CEO

303-269-7755

866-981-4588

Click here to send Bill an email

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future, including the technical and economic viability of the Lost Creek Project (including the projections contained in the preliminary analysis of economics of the Lost Creek Project), the timetables at Lost Creek, sufficiency of cash to fund capital requirements, receipt of and related timing of all necessary permits, licenses and authorizations to proceed, the anticipated completion of mine planning and permitting activities and production, the anticipated construction and capacity of an in situ uranium processing facility at Lost Creek and the recoverable uranium resources, sustainability and timeline of Lost Creek production, whether additional resources will be identified on the Lost Creek Property, and whether there is future growth potential for the Lost Creek Property. These statements 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, whether the proposed offering is successful, whether required approvals are received, disruptions in the financial markets, changes in the anticipated or actual use of proceeds, 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, inability to obtain financing required to complete its projects on acceptable terms or at all and other factors. There can be no assurance that forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  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, except as required by applicable securities laws..  Additional risks relating to Ur-Energy may be found in the current and periodic reports filed by Ur-Energy with Canadian securities regulatory authorities on www.sedar.com and the SEC at http://www.sec.gov/edgar.shtml

 

Click here for a pdf version of this News Release.

Friday
Mar112011

Ur-Energy Announces Withdrawal of Prospectus 

Littleton, Colorado (March 11, 2011) – Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (“Ur-Energy” or the “Company”) has determined that its previously announced short form prospectus offering of common shares will not proceed at this time.

The Company filed a preliminary short form prospectus on February 11, 2011 and, at that time, the closing of the offering was anticipated to occur on or before March 1, 2011.  The Company issued a news release on March 2, 2011 to provide an update on the anticipated closing date of the offering, which was rescheduled for mid-March.  The Company is working to update its continuous disclosure record, including the preparation of an updated technical report in accordance with National Instrument 43-101.  As a result of the delay, the offering will not proceed at this time. The Company confirmed that, as reported in its interim financial statements for the period ended September 30, 2010, the Company’s cash resources were C$34.7M.

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 PR/HR  

303-269-7707

866-981-4588

Click here to send Rich an email.

Bill Boberg, President and CEO

303-269-7755

866-981-4588

Click here to send Bill an email

This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future, including sufficiency of cash to fund capital requirements and possible future financial offerings; the sustainability and timeline of Lost Creek production, as well as anticipated completion of mine planning and permitting activities and production, the anticipated construction and capacity of an in situ uranium processing facility at Lost Creek, 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, disruptions in the financial markets, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of mineralization 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, inability to obtain financing required to complete its projects on acceptable terms or at all and other factors. There can be no assurance that forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  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, except as required by applicable securities laws..  Additional risks relating to Ur-Energy may be found in the current and periodic reports filed by Ur-Energy with Canadian securities regulatory authorities on www.sedar.com and the SEC at http://www.sec.gov/edgar.shtml.

 

Click here for a pdf version of this News Release.