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Tuesday
Dec042012

Lost Creek Update

Littleton, Colorado (PR Newswire – December 4, 2012) Ur-Energy Inc. (TSX:URE, NYSE MKT:URG)  (“Ur-Energy” or the “Company”) provides the following update regarding construction activities at its Lost Creek Project and the petition for review filed recently in U.S. District Court (see Ur-Energy News Release dated November 13, 2012). 

Ur-Energy President and CEO Wayne Heili commented, “The Company has now taken steps to directly protect its interests in the Lost Creek Project.”  The Company has filed the legal papers necessary to seek to become a party to the petition for review, which seeks judicial review of the Bureau of Land Management (BLM) Record of Decision (ROD) on the Lost Creek Project.  The Company’s papers also ask the Court to allow the Company to file a brief in opposition to a motion for preliminary injunction which has been filed by the petitioner.  The State of Wyoming has filed similar pleadings requesting that it also be permitted to be heard in the case.  The Company currently anticipates that the motion for preliminary injunction will be heard by the Court before the end of the year.   

There is a second, separate, request for administrative review of the BLM ROD which was made to the State Director of the BLM last month.  Recently, the State Director accepted the request for review, while denying the related request to stay construction at the Lost Creek Project.

Construction activities continue at the Lost Creek Project: the east and west access roads are complete.  The first and second disposal wells are installed, with subsurface completion activities scheduled this month, and the pad is constructed for the third disposal well.  Construction of utilities is also advanced with the powerline to the processing plant complete and the main pipeline connecting the first mine unit to the plant ready to be installed.  The plant pad is graded and the installation of cement pylons is complete.  A significant portion of tankage and pumping equipment has been received at the site and will be set after the plant floor is poured and cured. Wellfield construction is also progressing as planned with initial drilling of more than 200 holes. 

About Ur-Energy

Ur-Energy is a junior uranium mining company currently constructing its first in-situ recovery (ISR) uranium mine in south- central Wyoming at its fully licensed and permitted Lost Creek project.  The Lost Creek processing facility will have two million pounds per year capacity and is anticipated to be in production mid-year 2013.  Ur-Energy engages in the identification, acquisition, exploration and development of uranium projects in the United States and Canada.  Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE MKT 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

Wayne Heili, President and CEO

307-265-2373

866-981-4588

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., timing and outcome of the challenge to the BLM Record of Decision, including the outcome of petitioner’s motion seeking a preliminary injunction; timing of completion of construction and commencement of operations at Lost Creek) 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

Tuesday
Nov132012

BLM’s Lost Creek Record of Decision to be Reviewed

Littleton, Colorado (PR Newswire – November 13, 2012) Ur-Energy Inc. (TSX:URE, NYSE MKT:URG)  (“Ur-Energy” or the “Company”) advises that the Company has become aware that a petition for review has been filed in U.S. District Court by a Wyoming-based conservation group regarding the United States Bureau of Land Management (BLM) Record of Decision for the Company’s Lost Creek ISR Project where construction is proceeding.   

The BLM decision was the final step in a process that involved a host of federal and state agencies, years of evaluation and multiple opportunities for public participation.  “Filings such as this following a federal agency decision are common practice in today’s legal landscape”, noted Ur-Energy’s Chief Executive Officer Wayne Heili. “We anticipate that the United States will vigorously defend BLM’s decision making process and Record of Decision.  Further, Ur-Energy will take all appropriate steps to ensure that our interests are fully represented in the proceedings”.

Ur-Energy initiated construction activities at the fully permitted Lost Creek Project site in early October 2012 following the receipt of the Record of Decision.  Significant progress has made on the completion of the plant foundation, site earthwork, main access roads, fencing and power lines.  Work is continuing on the plant construction and with the development of the first mine unit.

About Ur-Energy

Ur-Energy is a junior uranium mining company currently constructing its first in-situ recovery (ISR) uranium mine in south- central Wyoming at its fully licensed and permitted Lost Creek project.  The Lost Creek processing facility will have two million pounds per year capacity and is anticipated to be in production mid-year 2013.  Ur-Energy engages in the identification, acquisition, exploration and development of uranium projects in the United States and Canada.  Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE MKT 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 contact Rich

 

Click here to contact Wayne

 

 


This release may contain “forward-looking statements” within the meaning of applicable securities lawsregarding events or conditions that may occur in the future (e.g., timing and outcome of the challenge to the BLM Record of Decision)) 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 

Wednesday
Oct312012

Ur-Energy Starts Lost Creek Construction 

Littleton, Colorado (PR Newswire –October 31, 2012) Ur-Energy Inc. (TSX:URE, NYSE MKT:URG)  (“Ur-Energy” or the “Company”) is pleased to announce the initiation of construction activities at its wholly-owned  Lost Creek ISR uranium project in Sweetwater County, Wyoming.  A ground-breaking ceremony held in early October marked the occasion.  Company directors, officers and employees assembled at the future location of the Lost Creek process plant to launch the next phase of development for the project.

The Company chose a Wyoming–based company, Groathouse Construction, Inc., to serve as general contractor to build the processing plant, access roads and auxiliary facilities.  Groathouse crews are presently preparing to pour the foundation concrete at the plant site.  Construction of the main access road to the facility is nearing completion.  Production well installation has commenced in the first mine unit with three development drill rigs. The Company has also mobilized contractors to the site for the installation of power lines, fences and two deep disposal wells.  

“Thanks to the advanced preparation of the Ur-Energy team, we have been able to initiate construction without delay following receipt of our final regulatory approval earlier this month,” stated Wayne Heili, President and CEO of Ur-Energy. “We anticipate that the mine will play an important role in south-central Wyoming’s economic development and employment opportunities throughout the next several years and are pleased to have the opportunity to utilize well qualified Wyoming-based contractors and sub-contractors.”

Ur-Energy is also pleased to announce the hiring of Mr. Michael Lueders as the Mine Manager for the Lost Creek ISR project.  Mr. Lueders is a 31 year in-situ uranium mining professional with a proven record of success. His uranium mining employment history includes management and operations roles at SXR Uranium One, Inc.; Everest Exploration, Inc.; Power Resources; Everest Minerals Corporation; and Atlantic Richfield/U.S. Steel.  He is an expert in all aspects of in-situ recovery uranium mining, including start-up operations, mine planning, wellfield construction & operation, reclamation, safety compliance, staffing, supervision, training, and business development. Most recently, Mr. Lueders was Director of Operations for Iktorhoral Mining, LLC in Ulaanbaatar, Mongolia. 

In welcoming Mr. Lueders, Ur-Energy Vice President Operations, Steve Hatten, stated “Mike comes to Ur-Energy with an extensive background in in-situ recovery uranium mining that dates back to the early years of the technology.  With his outstanding reputation in the industry, we expect that he will attract top quality talent to his Lost Creek ISR team.  Knowing that Mike is a no-nonsense producer and a safety conscious operator, I am confident he will quickly establish these important values during the construction, start up, and operation of the Lost Creek ISR project.”                                                                                                                     

About Ur-Energy

Ur-Energy is a junior uranium mining company currently constructing its first in-situ recovery (ISR) uranium mine in south-central Wyoming at its fully licensed and permitted Lost Creek project.  The Lost Creek processing facility will have two million pounds per year capacity and is anticipated to be in production mid-year 2013.  Ur-Energy engages in the identification, acquisition, exploration, and development of uranium projects in the United States and Canada.  Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE MKT 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 contact Rich    

 

Click here to contact 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., timing of construction and commencement of production at Lost Creek) 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 

Wednesday
Oct312012

Ur-Energy Reports Third Quarter 2012 Results

Littleton, Colorado (PR Newswire – October 31, 2012) Ur-Energy Inc. (TSX:URE, NYSE MKT:URG)  (“Ur-Energy” or the “Company”) announces it has filed the Company’s Unaudited Interim Consolidated Financial Statements and Management’s Discussion and Analysis, for the periods ended September 30, 2012, with Canadian securities authorities on the Company’s profile at www.sedar.com and with the U.S. Securities and Exchange Commission on the Company’s profile at http://www.sec.gov/edgar.shtml.  These filings may also be accessed on the Company’s website at http://www.ur-energy.com/interim-financial-reports/

About Ur-Energy

Ur-Energy is a junior uranium mining company currently constructing its first in-situ recovery (ISR) uranium mine in south-central Wyoming at its fully licensed and permitted Lost Creek project.  The Lost Creek processing facility will have two million pounds per year capacity and is anticipated to be in production mid-year 2013.  Ur-Energy engages in the identification, acquisition, exploration, and development of uranium projects in the United States and Canada.  Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol “URE” and on the NYSE MKT 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 contact Rich

 

Click here to contact 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 

Tuesday
Oct092012

Ur-Energy to Host Conference Call and Webcast to Present Updates on Recent Developments 

Littleton, Colorado (PR Newswire – October 9, 2012) Ur-Energy Inc. (TSX:URE, NYSE MKT:URG)  (“Ur-Energy” or the “Company”) has scheduled a conference call and webcast to present a project update on the fully permitted Lost Creek project along with other corporate developments.

The Company was pleased to announce on October 5, 2012, the receipt of the Record of Decision (ROD) from the Bureau of Land Management (BLM) approving the Plan of Operations for the Company’s Lost Creek uranium in-situ recovery (ISR) project. The ROD represents the final regulatory authorization needed by the Company to initiate construction and production operations at the project site.  The Company’s plans for the development of its flagship Lost Creek ISR project will be covered during the upcoming conference call and webcast. 

Other corporate developments that will be addressed during the conference call and webcast include 2012 exploration drilling activities, the previously announced agreement to acquire Pathfinder Mines Corporation, and the Company’s effort to obtain debt financing including the progression of the state bonds application with the Wyoming Business Council following approval of the application by the Council. 

The teleconference and webcast will occur on Friday, October 12, 2012 at 11:00 AM EDT and can be accessed approximately 10 – 15 minutes prior to the call.

Conference Call Details

United States Number

1.800.860.2442

Canada Number

1.866.605.3852

International Number

1.412.858.4600

Passcode

Ur-Energy

Replay Number

1.877.344.7529

Intl Replay Number

1.412.317.0088

Replay ID Number

10019555

 

Webcast Details

URL

http://www.videonewswire.com/event.asp?id=89694

 

About Ur-Energy

Ur-Energy is a junior uranium company currently completing mine planning on its fully permitted Lost Creek Wyoming uranium project.  Construction of a two-million-pounds-per-year in situ uranium processing facility has begun. Engineering for the processing 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

 

 

303-269-7707  

 

 

866-981-4588     

 

 

rich.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 (e.g., timing of construction and commencement of production at Lost Creek; the anticipated life of mine and recovery estimates for the Lost Creek project; results of exploration drilling; timing and ability to obtain necessary approvals for and to close the purchase transaction in respect of Pathfinder Mines; timing and ability to secure debt or other project financing, including the state bonds) 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