Exhibit 12.1
UR-ENERGY INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)
| Three | ||||||||||||||||||||||||
| Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| March 31, | Years ended December 31, | |||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||||||
| Income (loss) from continuing operations before provision for income taxes per statement of income | (3,641 | ) | (8,418 | ) | 4,534 | 76 | (3,027 | ) | (4,110 | ) | ||||||||||||||
| Add: | ||||||||||||||||||||||||
| Interest on indebtedness | 179 | 779 | 1,050 | 1,321 | 1,827 | 2,385 | ||||||||||||||||||
| Amortization of debt origination costs | 17 | 108 | 121 | 121 | 152 | 177 | ||||||||||||||||||
| Accretion | 144 | 577 | 508 | 527 | 534 | 515 | ||||||||||||||||||
| Income (loss) as defined | (3,301 | ) | (6,954 | ) | 6,213 | 2,045 | (514 | ) | (1,033 | ) | ||||||||||||||
| Interest on indebtedness | 179 | 779 | 1050 | 1,321 | 1,827 | 2,385 | ||||||||||||||||||
| Amortization of debt origination costs | 17 | 108 | 121 | 121 | 152 | 177 | ||||||||||||||||||
| Accretion | 144 | 577 | 508 | 527 | 534 | 515 | ||||||||||||||||||
| Fixed Charges | 340 | 1,464 | 1,679 | 1,969 | 2,513 | 3,077 | ||||||||||||||||||
| Ratio of earnings to fixed charges (1) | * | * | 3.7 | 1.0 | * | * | ||||||||||||||||||
(1) We did not have earnings for the three months ended March 31, 2020, or for the years ended 2019, 2016, and 2015. Accordingly, we have no ratio of earnings to fixed charges to illustrate for such periods.