CASPER, WY / ACCESS Newswire / November 9, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy" or the "Company"), America's largest and fastest-growing domestic ISR uranium producer, is pleased to announce its financial and operating results, along with exploration and development highlights, for the third quarter ended September 30, 2026.

Financial and Operating Highlights

• Significantly Increased Year Over Year Sales: Sales for the third quarter under contracted deliveries totaled 190,000 pounds of U₃O₈ for $12.3 million in product sales revenue; pounds sold year-over-year through three quarters were 67.3% higher in 2026 than in 2025.
• Increased Pounds Captured: Captured pounds of U₃O₈ increased 26.4% year-over-year through three quarters from 2025 to 2026.
• Continued Low-Cost Production: The cash cost per produced pound of U₃O₈ sold during the quarter remained low at $40.40, virtually the same as $40.20 for the second quarter of 2026.
• Ending Inventory: Ended the third quarter with 233,378 pounds of finished inventory at the conversion facility. Total inventory decreased from the second quarter by 13.2% while in process and plant inventory increased from 19,496 pounds to 85,708 pounds including inventory adjustments.
• Pounds Drummed: Pounds drummed of U₃O₈ was 25.8% lower than the second quarter as the Company works to complete planned feed and wastewater treatment upgrades at Lost Creek and begins to accelerate ramp up the new Shirley Basin mine. Pounds drummed grew year-over-year through three quarters by 18% from 2025 to 2026.

Matt Gili, President & CEO of Ur-Energy, stated, "Ur-Energy has had another busy and productive quarter. Ramp up at our processing hub and both mines continues to proceed, with a large year-over-year increase in captured pounds. It's also important to add that production costs have remained low throughout the period, and we sold significantly more pounds through three quarters in 2026 than in 2025. We are also accelerating our multi-asset growth strategy. Notably, this includes a 120-hole near mine and regional exploration program at Lost Creek South, and the final phase of a technical report for Lost Soldier, which sits just seventeen miles from the Lost Creek hub."

Exploration and Development Highlights

• Accelerated Near-Mine Exploration: Commenced a 120-hole (~84,000 ft.) exploration drill program at Lost Creek South in October 2026. Lost Creek South is part of the larger Lost Creek property - a 55-square-mile land package that hosts the Company's flagship mine and processing hub. The drill program will test a series of high-priority areas along seven miles of composite trend for possible near mine expansion as well as regional targets with strong potential for hosting a new resource.
• Potential New Satellite Mine: Progressed a technical report expected by year-end 2026 at Lost Soldier in anticipation of potential permitting as a satellite mine feeding the Lost Creek processing hub.
• Launched Full Operations and Began Ramp Up at Shirley Basin: Made first shipments of U₃O₈ captured at Shirley Basin; commenced ramp up towards commercial production.
• Continued Optimization of Operations at Lost Creek: Brought sand filtration system online to increase flow rates, while managing wastewater capacity until completion of the wastewater treatment facility currently under construction. Commenced wellfield development and submitted package for regulatory approval for a new mine unit.

Summary of Selected Third Quarter Results

1. All sales were under long-term contracts.
2. Produced pounds only; includes ad valorem and severance taxes but excludes non-cash costs.
3. Percentages may not recalculate precisely due to rounding.

Summary of Selected Year to Date Results

1. Year to date through three quarters.
2. All sales were under long-term contracts.
3. Produced pounds only; includes ad valorem and severance taxes but excludes non-cash costs.
4. Percentages may not recalculate precisely due to rounding.

Executing Ur-Energy's District Growth Strategy

Lost Creek South: Totaling approximately 16-square miles immediately adjacent to the Lost Creek operation, Lost Creek South has clear potential as a low-cost, near-mine expansion opportunity. Since the end of the third quarter, the Company commenced a 120-hole (~84,000 ft.) exploration drill program at Lost Creek South. The drill program will test a series of high-priority areas along seven miles of composite trend for possible near mine expansion as well as regional targets with strong potential for hosting a new resource.

Lost Soldier: With approximately 4,000 historic drill holes and related data indicating mineralization, and close proximity to the Company's Lost Creek operation, Lost Soldier has superb potential as a satellite operation. During the third quarter, the Company completed the third of three planned aquifer tests and continued to advance a technical report expected by year-end 2026, with a construction decision to follow.

North Hadsell: The Company drilled 33 wide-spaced holes totaling approximately 33,800 feet in the first quarter of 2026, with 13 holes hitting mineralization that closely resembles that of Lost Creek. During the third quarter, the Company completed all surface reclamation of drill holes. Planning is underway to follow up this highly successful program.

Lost Creek Optimizing Flow Rates and Beginning Move to New Mine Unit

Including pounds captured at Shirley Basin, the Company captured 154,667 pounds of U₃O₈ during the third quarter, an increase of 47% compared to the second quarter and 73% compared to the third quarter of 2025. During the first three quarters of 2026, the Company captured 369,997 pounds, nearly equaling the total pounds captured in all of 2025.

At Lost Creek, Ur-Energy's flagship uranium ISR mining project, the Company drummed 104,586 pounds of U₃O₈ during the third quarter, a decrease of 25.8% compared to the second quarter, and an increase of 11.8% over the third quarter of 2025. During the first three quarters of 2026, the Company drummed 341,058 pounds, a year-over-year increase of 18.2%.

A sand filtration system was brought online in July at Lost Creek to increase flow rates while a new wastewater treatment facility is being constructed. The new facility is expected to be in operation in the second quarter of 2027 and is expected to fully optimize wastewater capacity. The temporary sand filtration system has been effective in decreasing fine particles from the wellfield and increasing flow rates and, since the end of the quarter, the Company has implemented process and other measures to better manage wastewater while advancing the permanent facility to completion. Since the end of the quarter, the Company also completed maintenance of the elution and ion exchange ("IX") systems at the Lost Creek plant to increase processing and drumming of pounds of U₃O₈.

To increase average grades beyond production from the third quarter, the Company commenced well installations and wellfield construction in Mine Unit 5 ("MU5") and submitted the regulatory approval package for the first phase of MU5. The Company expects to receive approval to commence production operations in MU5 in the first quarter of 2027.

Shirley Basin Starts Full Operations and Ramp Up

In August 2026, the Company made its first shipment from its Shirley Basin mine to Lost Creek for processing, marking the start of full operations at Shirley Basin and Ur-Energy's transition to a multi-asset, domestic U.S. uranium producer. While Shirley Basin is permitted as a second production and processing hub operation to maximize future optionality in the emerging Great Divide Basin uranium district, it is currently operated as a spoke of the Lost Creek hub to optimize capital efficiency.

The Company captured 25,330 pounds of U₃O₈ at Shirley Basin to build base in-circuit inventory during the second and third quarters of 2026, including 14,697 pounds during the third quarter. The Company shipped 9,379 pounds from Shirley Basin to Lost Creek for processing during the quarter. Production activity at Shirley Basin during the quarter was limited to a small area of the first mine unit, consisting of 158 injection and production wells, to improve operating parameters associated with the early ramp up and optimization of ISR operations at the newly commissioned mine. In addition, production from Shirley Basin that could be processed at Lost Creek was limited while the Company completed optimization of the transfer system and maintenance of the elution and IX systems at the Lost Creek plant discussed above.

To further the ramp up of production from the wellfield, the Company expects to complete improvements to the wells in the first two header houses in the near term, and bring additional header houses online throughout the fourth quarter of 2026 and 2027. The Company continues to optimize lixiviant chemistry, and subsequent to the end of the quarter, has seen positive results.

Sales and Inventory

During the third quarter, the Company sold 190,000 pounds of U₃O₈ under contracts with a combination of fixed and market pricing. The average price during the quarter was $64.95 per pound for product sales revenues of $12.3 million. During the first three quarters of 2026, the Company sold 460,000 pounds of U₃O₈, compared to 275,000 pounds through the first three quarters of 2025, a year-over-year increase of 67%.

At the end of the third quarter, the Company had 233,378 pounds of U₃O₈ of finished inventory at the conversion facility, compared to 348,292 at the end of the second quarter. The Company also had 85,708 pounds of in-process and plant inventory at the end of the third quarter.

During the third quarter, to maintain contract delivery commitments in line with ongoing production ramp up, the Company proactively entered into transactions to defer deliveries of 150,000 pounds to 2027 and 150,000 pounds to 2029, and extended the maturity date of its outstanding 250,000 pound inventory loan from November 2026 to November 2027. In October 2026, the Company entered into a transaction to defer deliveries of an additional 300,000 pounds from the fourth quarter of 2026 to 2029. Collectively, these deferral transactions provide additional time to advance ramp up at Lost Creek and Shirley Basin while enabling the Company to meet near-term delivery commitments from existing inventory and new production. In 2026, the Company expects to sell a total of 700,000 pounds of U₃O₈ at an average price of approximately $67.00 per pound for product sales revenues of approximately $46.9 million.

U₃O₈ Product Profit (Loss)

The following table provides information on the Company's U₃O₈ product profit and loss:

U₃O₈ Production and Ending Inventory

The following tables provide information on the Company's production and ending inventory of U₃O₈ pounds:

Conference Call and Webcast

Management will hold a conference call and audio webcast to discuss the quarterly highlights followed by a question-and-answer session with participants. The details are as follows:

To Join the Conference Call by Phone:

Conference Call Replay:

About Ur-Energy

Ur-Energy is the largest and fastest-growing ISR uranium mining company in the United States. It owns and operates the Lost Creek ISR uranium processing facility and mine in south-central Wyoming, and the Shirley Basin ISR mine in central Wyoming, where full operations were launched in August 2026. The Company is also engaged in exploration and development activities at a selection of projects in the Great Divide Basin uranium district. Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under the symbol "URE." The Company's corporate headquarters is in Casper, Wyoming, and its registered office is in Ottawa, Ontario.

Contact Ur-Energy Investor Relations at:

Richard Matthews
Phone: +1 (604) 355-7179
Email: info@ur-energy.com

Financial Statements and Non-GAAP Measures

This press release should be read in conjunction with Ur-Energy's Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2026, including the unaudited consolidated financial statements and associated Management's Discussion and Analysis of Financial Condition and Results of Operation included therein, which is available on the Company's website at www.ur-energy.com and under the Company's issuer profile on EDGAR at www.sec.gov and SEDAR+ at www.sedarplus.ca.

The press release includes measures specific to U₃O₈ sales, product cost, product profit, pounds sold, price per pound sold, cost per pound sold, and product profit per pound sold. These measures do not have standardized meanings within U.S. GAAP or a defined basis of calculation. These measures are used by management to assess business performance and determine production and pricing strategies. They may also be used by certain investors to evaluate performance. The use of these performance measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP. The Company's definitions of these measures may differ from other mining companies, and therefore may not be comparable. These non-GAAP measures should be read in conjunction with the Company's consolidated financial statements for applicable periods.

Cautionary Statement Regarding Forward-Looking Information

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., our ability and the expected or planned timing at Lost Creek to manage fine particles from the wellfield, optimize operation of the sand filtration system, manage wastewater, further optimize lixiviant chemistry, construct a wastewater treatment facility, and implement maintenance improvements and other initiatives to continue to ramp up and increase production; our ability and the expected or planned timing at Shirley Basin to optimize lixiviant chemistry and improve other operating parameters associated with the early ramp up and optimization of the newly commissioned mine, ramp up to commercial operations, complete remaining construction and commissioning of reverse osmosis and other wastewater systems, and to install wastewater treatment equipment; our ability to improve the transportation, transfer system, and processing of Shirley Basin production at Lost Creek; our ability and the expected or planned timing at both Lost Creek and Shirley Basin to execute our drilling plans, install and bring additional header houses online, and move into, commence wellfield construction in, and successfully produce in additional mine units; our ability to complete construction activities at Shirley Basin and Lost Creek within current cost projections; the potential of Lost Creek South and other exploration targets throughout the Lost Creek Property (including the ability to expand resources); our ability and the expected or planned timing at Lost Soldier to complete baseline environmental studies or a new technical report and to make a development decision; expectations for our exploration programs, including Lost Soldier, North Hadsell, and Lost Creek South, including whether drilling programs will continue, further work will support preliminary interpretations, the resource potential will be adequate for in-situ recovery mining, we will commence or complete permitting, or the projects will be scalable or allow us to leverage existing infrastructure or operating expertise; our ability and the timing to apply for and obtain permits and authorizations and regulatory approvals for ongoing or new exploration, development, or operations; our ability to meet our commitments to sell and deliver product or meet sales projections, and our ability to defer deliveries or implement contingency plans if our production and inventory are not sufficient to meet such commitments; our ability to satisfy our inventory loan or convertible notes obligations; whether our cash resources will be sufficient for our capital requirements and operating costs without additional financing; and whether the Company's revenue, sales prices, or production costs will increase or decrease) 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. Generally, forward-looking statements can be identified by use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will" "be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from 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 that 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; changes in governmental polices or market conditions; and other factors described in the public filings of the Company that are available at www.sec.gov and www.sedarplus.ca. 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 changes in management's beliefs, expectations, or opinions that occur in the future, except as required by applicable law.

SOURCE: Ur-Energy Inc.

Management plans to hold a conference call and audio webcast to discuss the quarterly highlights followed by a question-and-answer session with participants. The details are as follows:

To Join the Conference Call by Phone:

Conference Call Replay:

About Ur-Energy

Ur-Energy is the largest and fastest-growing ISR uranium mining company in the United States. It owns and operates the Lost Creek ISR uranium processing facility and mine in south-central Wyoming, and the Shirley Basin ISR mine in central Wyoming, where full operations were launched in August 2026. The Company is also engaged in exploration and development activities at a selection of projects in the Great Divide Basin uranium district. Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under the symbol "URE." The Company's corporate headquarters is in Casper, Wyoming, and its registered office is in Ottawa, Ontario.

Contact Ur-Energy Investor Relations at:

Richard Matthews
Phone: +1 (604) 355-7179
Email: info@ur-energy.com

SOURCE: Ur-Energy Inc.

CASPER, WY / ACCESS Newswire / November 2, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy" or the "Company"), America's largest and fastest-growing domestic ISR uranium producer, today announced that Roger Smith, Chief Financial Officer (CFO), will retire from the Company effective December 1, 2026, after a distinguished 45 year career in mining industry finance and accounting. Jade Walle, the Company's current Vice President Finance, has been appointed to succeed Mr. Smith as CFO, effective upon his retirement.

Matt Gili, President and CEO of Ur-Energy, commented, "On behalf of the entire Company, I want to express our profound appreciation to Roger for his exceptional service to Ur-Energy. Roger has led our finance, IT, and administration teams for almost 20 years, bringing a combination of financial acumen, operational insight, and deep institutional knowledge. From the early years of the Company to full commercial operations, and the milestone launch in August of full operations at our Shirley Basin mine, he has been instrumental in the tremendous growth of our ISR uranium operations in Wyoming. I am personally grateful for all of his hard work and wish him all the best for his well-earned retirement.

Gili continued, "At the same time, I could not be more pleased for Jade Walle to step into the CFO role. Jade has proven himself an outstanding leader within our finance and accounting team. His knowledge of our business, and his exceptional financial expertise make him the ideal person to serve as our CFO as we continue to deliver on our strategy of aggressive growth and value creation."

Mr. Walle joined Ur-Energy as Vice President Finance in September 2025. During this time, he has played a key role in the Company's recent capital markets transactions, implementing accounting standards, and managing the Company's broader finance and accounting team. Mr. Walle is a Certified Public Accountant with 30 years of experience. Most recently, he was an audit partner with PricewaterhouseCoopers LLP (PwC) from 2011 to 2024, having begun his career there in 1996. Over his tenure, Mr. Walle served clients in numerous industries, including publicly traded energy and mining companies, with assignments in Tulsa, London, Houston, and Denver. His technical background includes service in PwC's Global Capital Markets Group in London (1999-2002), where he assisted non-U.S. companies with U.S. capital market transactions and Securities and Exchange Commission reporting. Mr. Walle has also held leadership roles overseeing a division of PwC's Center of Excellence and its Acceleration Center in India, which provided outsourced services to more than 75 U.S. audit clients.

About Ur-Energy

Ur-Energy is the largest and fastest-growing ISR uranium mining company in the United States. It owns and operates the Lost Creek ISR uranium processing facility and mine in south-central Wyoming, and the Shirley Basin ISR mine in central Wyoming, where full operations were launched in August 2026. The Company is also engaged in exploration and development activities at a selection of projects in the Great Divide Basin uranium district. Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under the symbol "URE." The Company's corporate headquarters is in Casper, Wyoming, and its registered office is in Ottawa, Ontario.

Contact Ur-Energy Investor Relations at:
Richard Matthews
Phone: +1 (604) 355-7179
Email: info@ur-energy.com

Cautionary Statement Regarding Forward-Looking Information

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 statements relating to the transition of the Chief Financial Officer role and the expected benefits of Mr. Walle's appointment. Generally, forward-looking statements can be identified by use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will" "be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from 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 that 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; changes in governmental policies or market conditions; changes in key management personnel; and other factors described in the public filings of the Company that are available at www.sec.gov and www.sedarplus.ca. 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 changes in management's beliefs, expectations, or opinions that occur in the future, except as required by applicable law.

SOURCE: Ur-Energy Inc.

CASPER, WY / ACCESS Newswire / October 29, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy" or the "Company"), America's largest and fastest-growing domestic ISR uranium producer, today announced that a 120-hole (~84,000 ft.) exploration drill program has commenced at its Lost Creek South project in Wyoming, USA. Lost Creek South is part of the larger Lost Creek property - a 55-square-mile land package that hosts the Company's flagship mine and processing hub. The drill program will test a series of high-priority areas along seven miles of composite trend for possible near mine expansion as well as regional targets with strong potential for hosting a new resource.

News Highlights

• Aggressive Exploration at Flagship Project: 120 holes (~84,000 ft.) testing near mine expansion and regional exploration targets along three primary trends and deeper, less defined trends.
• Multiple Rigs Testing at Depth: Up to three rigs will be running simultaneously throughout the program. Holes will be drilled between 500 and 800 ft., but occasionally up to 1,000 ft.
• Large, Underexplored Land Package: The Lost Creek property comprises 55 square miles of which the current mine resource occupies less than 10%. The Lost Creek South project is immediately adjacent to the mine resource area and contains ~16 square miles of the overall land package.
• Historic Data Points to Widescale Prospectivity: Drill targeting for the new program is based on data from approximately 520 historic holes at Lost Creek South, many of which were at shallow depths.
• Accelerating Organic Growth Pipeline: The Lost Creek South drill program is part of Ur-Energy's multi-asset growth strategy. Of note, the Company is in the advanced stages of preparing a technical report for its Lost Soldier project with an expected construction decision to follow, as well as planning for additional exploration drilling at North Hadsell to follow up the highly successful maiden drill program earlier this year.

Matt Gili, President and CEO of Ur-Energy, commented, "With ramp up proceeding at the Lost Creek mine, Shirley Basin mine, and the Lost Creek processing hub, we are now accelerating our growth strategy across multiple assets within Wyoming's reemerging uranium district. At Lost Creek, this means systematic drill testing of the richly mineralized trends across our properties.

"It is important to understand the potential and prospectivity we have at Lost Creek. Ur-Energy is producing on a small fraction of the 55-square-mile land package. We have an extensive database of recent and historic holes indicating three large, defined mineral trends running north, west, and south, along other trends that merit follow up. This 120-hole program to the south of our mine is really the starting pistol for our goals of expanding the existing Lost Creek mine resource and making discoveries along trend at this remarkable project."

Ur-Energy's multi-asset growth strategy is focused across five projects in Wyoming within a greater combined land package of ~75 square miles. Top priorities currently include Lost Creek, Shirley Basin, Lost Soldier, and North Hadsell.

About Ur-Energy

Ur-Energy is the largest and fastest-growing ISR uranium mining company in the United States. It owns and operates the Lost Creek ISR uranium mine and processing hub in south-central Wyoming, and the Shirley Basin ISR mine in central Wyoming, where full operations were launched in August 2026. The Company is also engaged in exploration and development activities at a selection of projects in the Great Divide Basin uranium district. Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under the symbol "URE." The Company's corporate headquarters is in Casper, Wyoming, and its registered office is in Ottawa, Ontario.

Contact Ur-Energy Investor Relations at:
Richard Matthews
Phone: +1 (604) 355-7179
Email: info@ur-energy.com

Cautionary Statement Regarding Forward-Looking Information

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 potential for near mine expansion or the resource potential of Lost Creek South, whether we complete a technical report or make a construction decision for Lost Soldier, and whether for any of our exploration programs, including Lost Creek South, Lost Soldier, or North Hadsell, the drilling programs will continue, further work will support preliminary interpretations, the resource potential will be adequate for in-situ recovery mining, we will commence or complete permitting, or the projects will be scalable or allow us to leverage existing infrastructure or operating expertise). Generally, forward-looking statements can be identified by use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will" "be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from 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 that 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; changes in governmental policies or market conditions; changes in key management personnel; and other factors described in the public filings of the Company that are available at www.sec.gov and www.sedarplus.ca. 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 changes in management's beliefs, expectations, or opinions that occur in the future, except as required by applicable law.

SOURCE: Ur-Energy Inc.

CASPER, WY / ACCESS Newswire / August 20, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy" or the "Company"), America's largest and fastest-growing domestic ISR uranium producer, is pleased to announce that on August 19, 2026, it made the first shipment of uranium from its Shirley Basin mine to its Lost Creek processing plant in Wyoming.

Matt Gili, President & CEO of Ur-Energy, stated, "This first shipment is not only the start of full operations at Shirley Basin, it also marks Ur-Energy's transition to a multi-asset, domestic U.S. uranium producer. It is important to note that Shirley Basin moved from construction decision to production in just two and a half years. This is a clear demonstration of our team's ability to progress through permitting, construction, and startup in a highly effective manner. Crucially, this milestone also validates our capital-efficient, hub-and-spoke development model and further strengthens Ur-Energy's position as a leading U.S. uranium producer."

With licensed wellfield and toll processing capacity of up to 2.0 million pounds of U₃O₈ equivalent, Ur-Energy's Shirley Basin mine is the Company's second uranium in-situ recovery ("ISR") operation in Wyoming. As previously announced, initial mining operations commenced at the mine in April 2026. Final authorization to advance to full operations was received from the State of Wyoming Department of Environmental Quality in late June 2026.

Shirley Basin is being run as a satellite mine of the Company's Lost Creek hub operation. Lost Creek, which is home to the largest operating ISR mine in the U.S., has a proven and tested facility that has processed and shipped more than 3.5 million pounds of U₃O₈ to the conversion facility for delivery to the Company's customers. This hub-and-spoke model is the basis of Ur-Energy's growth platform in Wyoming. It avoids duplicative infrastructure, improves capital efficiency, and can be scaled at an accelerated pace.

Now that shipments from Shirley Basin to Lost Creek have commenced, the Company will execute on its strategy for ramp-up to full commercial levels, while continuing to advance its other organic growth opportunities in the district.

About Ur-Energy

Ur-Energy is the largest and fastest-growing ISR uranium mining company in the United States. It owns and operates the Lost Creek ISR uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U₃O₈ since operations began, and the Shirley Basin ISR operation in central Wyoming, where uranium recovery commenced in April 2026. Lost Creek and Shirley Basin have combined annual licensed production and toll-processing capacity of 4.2 million pounds of U₃O₈. The Company is also engaged in exploration and development activities at a selection of projects in the Great Divide Basin uranium district. Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under the symbol "URE." The Company's corporate headquarters is in Casper, Wyoming, and its registered office is in Ottawa, Ontario.

Contact Ur-Energy Investor Relations at:
Richard Matthews
Phone: +1 (604) 355-7179
Email: info@ur-energy.com

Cautionary Statement Regarding Forward-Looking Information

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., our ability and the expected or planned timing at Shirley Basin to ramp up and increase production or to reach full commercial levels of production; our ability in the future to execute on our construction, development, and operating plans; and our ability in the future to comply with regulatory requirements and receive regulatory approvals). Generally, forward-looking statements can be identified by use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will" "be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from 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 that 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; changes in governmental polices or market conditions; and other factors described in the public filings of the Company that are available at www.sec.gov and www.sedarplus.ca. 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 changes in management's beliefs, expectations, or opinions that occur in the future, except as required by applicable law.

SOURCE: Ur-Energy Inc.

CASPER, WY / ACCESS Newswire / August 10, 2026 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy" or the "Company"), America's largest and fastest-growing domestic ISR uranium producer, is pleased to announce its financial and operating results, along with development and exploration highlights, for the second quarter ended June 30, 2026.

Financial and Operating Highlights

• New Record for Pounds Drummed: Processed and packaged 140,873 pounds of U₃O₈ during the quarter, an increase of 47.4% over the first quarter of 2026 and 25.7% over the second quarter of 2025, and the most drummed in a calendar quarter since the start of ramp up at Lost Creek in 2022.

• Continued Increase of Pounds Shipped: Shipped 149,747 pounds of U₃O₈ to the conversion facility during the second quarter, an increase of 44.0% over the first quarter of 2026 and 42.2% over the second quarter of 2025.

• Delivered on Contracted Sales: Sales for the second quarter under contracted deliveries totaled 215,000 pounds of U₃O₈ as projected, generating $14.4 million in product sales revenue.

• Continued Low-Cost Production: The cash cost per pound of U₃O₈ sold during the quarter remained low at $40.20, compared to $37.51 for the first quarter of 2026 and $42.83 for the second quarter of 2025.

• Strong Liquidity: Unrestricted cash and cash equivalents totaled $95.3 million at June 30, 2026.

• Ending Inventory: Ended the second quarter with 348,292 pounds of finished inventory at the conversion facility, which was a 16.5% decrease from the first quarter of 2026 and 10.4% more than the second quarter of 2025.

Matt Gili, President & CEO of Ur-Energy, stated, "The second quarter of 2026 marked an inflection point for Ur-Energy. The continued ramp up at Lost Creek and the commencement of production at Shirley Basin has transformed us into both the largest and the fastest-growing ISR producer of uranium in the United States. We continue to expand our production, our operating costs remain among the lowest in the country, and our organic growth pipeline is advancing at pace."

Development and Exploration Highlights

• Final Regulatory Approval at Shirley Basin: In late June 2026, the Company received final state regulatory authorization to commence full production operations at Shirley Basin, including the transportation of uranium-loaded resin to Lost Creek for processing and shipping.

• Shirley Basin Ready to Commence Full Operations: All plant infrastructure and processes are in place at Shirley Basin to transport uranium-loaded resin to Lost Creek and launch full production operations only two and a half years after the build out decision. The first shipment is expected imminently.

• Production Optimization at Lost Creek: Continued to increase flow rates and further increase production, adding header houses, installing a sand filtration system and breaking ground on the planned wastewater treatment facility in July, and advancing initiatives to optimize wellfield chemistry.

• Rapid Progress on Near-Mine Exploration: Completed test well clusters and began baseline environmental studies at Lost Soldier in anticipation of potential permitting as a satellite mine feeding Lost Creek. Also commenced planning and preparations for a 120-hole exploration drilling program at Lost Creek South - a highly prospective, under explored approximately 16-square mile property immediately adjacent to the Lost Creek operation.

Summary of Selected Second Quarter Results

1. All sales were under long-term contracts.

2. Pounds in inventory at the conversion facility.

3. Includes ad valorem and severance taxes but excludes non-cash costs.

4. Unrestricted cash position at the end of the quarter.

5. Percentages may not recalculate precisely due to rounding.

Lost Creek Production Growth and Continued Optimization

At Lost Creek, Ur-Energy's flagship uranium ISR mining project, the Company drummed 140,873 pounds of U₃O₈, an increase of 47.4% over the first quarter of 2026 and 25.7% over the second quarter of 2025. The Company also shipped 149,747 pounds during this time, an increase of 44.0% over the first quarter of 2026 and 42.2% over the second quarter of 2025.

Wellfield development and surface construction remain on schedule for the Company's 2026 operating plans. Subject to regulatory approval, the Company expects to commence wellfield construction and installation in the fifth mine unit by year-end 2026, where 15 header houses are planned from late 2026 through 2028. At quarter-end, 17 drill rigs were actively supporting the Lost Creek drilling program - an increase of two from the previous quarter.

A sand filtration system was installed at Lost Creek during the quarter and brought online in July to increase flow rates while the new wastewater treatment facility is completed. Development of the wastewater treatment facility accelerated during the quarter, and the Company broke ground in July 2026. Completion and operation are planned for the first quarter of 2027. Additionally, the Company expects to complete implementation of an enhanced maintenance program and improvements to the reverse osmosis system by year-end 2026.

Shirley Basin Ready for Full Production Operations

In April 2026, the Company commenced limited initial operations to extract and capture uranium at Shirley Basin. While the project is permitted as a second production and processing hub operation to maximize future optionality in the emerging Great Divide Basin uranium district, Shirley Basin is designed as a spoke of the Lost Creek hub to optimize capital efficiency.

While conducting only limited operations, the Company succeeded in capturing 10,634 pounds of U₃O₈ at the Shirley Basin plant during the second quarter of 2026. In late June 2026, the Company received final authorization from the State of Wyoming to commence full production operations, including the transportation of extracted and captured uranium to Lost Creek. By the end of July 2026, all plant infrastructure and processes for transportation were in place. As of the date of this release, the Company was preparing a trailer for the first shipment to Lost Creek to transition Shirley Basin to full production operations.

Various additional plant construction activities are expected to continue through 2026 as the Company continues to deliver on its optimization strategy.

Exploration Activities in the Great Divide Basin

Lost Creek South: Totaling approximately 16-square miles immediately adjacent to the Lost Creek operation, Lost Creek South has clear potential as a low-cost, near-mine expansion opportunity. During the second quarter, the Company carried out planning and preparation activities for a 120-hole exploration program that is expected to commence in the third quarter of 2026 with three drill rigs.

Lost Soldier: With approximately 4,000 historic drill holes and related data indicating mineralization, and close proximity to the Company's Lost Creek operation, Lost Soldier has superb potential as a satellite operation. During the second quarter of 2026, the Company completed pump testing of two of the three aquifer test well clusters and began work on baseline environmental studies in anticipation of possible permitting. Additionally, completion of a technical report including a resource estimate for the project is expected by year-end 2026.

North Hadsell: The Company drilled 33 holes totaling approximately 33,800 feet in the first quarter of 2026, with 13 holes hitting mineralization that closely resembles that of Lost Creek. During the second quarter, the Company advanced the opportunity by completing abandonment of the previously drilled holes.

Sales and Inventory

During the second quarter, the Company sold 215,000 pounds of U₃O₈ at an average price of $66.85 per pound, generating $14.4 million in product sales revenue. A total of 348,292 pounds of finished inventory was held at the conversion facility at quarter-end, compared to 417,231 pounds at the end of the first quarter of 2026 and 315,607 pounds at the end of the second quarter of 2025.

Including the 270,000 pounds delivered in the first half of 2026, the Company expects to make base deliveries of 1.0 million pounds of U₃O₈ in 2026. After the end of the quarter, the Company proactively entered into transactions to defer delivery of 150,000 pounds to 2027 and 150,000 pounds to 2029. The deferral transactions increase the Company's ability to make subsequent 2026 deliveries from existing inventory and new production. A larger number of expected 2026 deliveries were scheduled in the latter part of the year to coincide with the ramp-up and startup schedules for Lost Creek and Shirley Basin.

U₃O₈ Product Profit (Loss)

The following table provides information on the Company's U₃O₈ product profit and loss:

U₃O₈ Production and Ending Inventory

The following tables provide information on the Company's production and ending inventory of U₃O₈ pounds: