Ur-Energy Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Long-Term Debt (Tables)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of components of convertible notes


Convertible Senior Notes due January 2031	December 31, 2025	December 15, 2025

Notes issued at face value	120,000	120,000

Unamortized debt discount	(48,690)	(49,105)
Unamortized debt issuance costs (debt discount)	(5,205)	(5,249)
Foreign exchange loss (gain)	316	-

Long-term debt, net	66,421	65,646


Convertible Senior Notes due January 2031	Carrying Value	Fair Value ⁽¹⁾	Valuation Level

Balance, December 15, 2025	65,646	85,351

Amortization of debt discount	459
Foreign exchange loss (gain)	316

Balance, December 31, 2025	66,421	85,414	Level 3

(1)

^{The reported fair value of the Convertible Notes relates only to the debt component of such security and excludes the fair value associated with the related Conversion Option Derivative that has been bifurcated and accounted for separately. Refer to note 14 for fair value information related to the Conversion Option Derivative.}