LITTLETON, CO / ACCESS Newswire / December 15, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE) today announced the closing of its previously announced offering of $120 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering"), which included the exercise in full by the initial purchasers of their option to purchase an additional US$20 million of notes.Cantor Fitzgerald & Co. acted as sole book-runn ...

Core Viewpoint - Ur-Energy Inc. has announced a private placement of $100 million in 4.75% Convertible Senior Notes due 2031 to raise capital for project development and general corporate purposes [1] Group 1: Financial Details - The offering consists of $100 million aggregate principal amount of notes, with an additional option for initial purchasers to buy up to $20 million more during a 13-day period after issuance [1] - The notes are being offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933 [1] Group 2: Use of Proceeds - A portion of the net proceeds from the offering will be used to purchase cash-settled capped calls to mitigate potential economic dilution, with a cap of 100% premium above the last reported sale price of Ur-Energy's common shares [1]

LITTLETON, CO / ACCESS Newswire / December 10, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE), today announced its intent to offer $100 million aggregate principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "convertible notes offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Ur-Energy also intends to grant the in ...

Uranium mining company Ur-Energy Inc. ( URG ) has been on my radar for a while now, and the trade has not gone as expected. Cash levels have declined 56.12% (YoY), and revenues have fallen 81.06% (in the 9 monthsI have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.Analyst’s Disclosure:I/we have n ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] Investment Landscape - Wall Street is investing hundreds of billions into AI, but there is a looming question regarding the energy supply needed to sustain this growth [2] - AI data centers, such as those powering large language models, consume energy equivalent to that of small cities, indicating a significant strain on global power grids [2] - The company in focus is positioned to capitalize on the rising demand for electricity, which is becoming the most valuable commodity in the digital age [3][8] Company Profile - The company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend driven by tariffs [5][6] - It possesses critical nuclear energy infrastructure assets and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7][8] - The company is noted for being debt-free and holding a substantial cash reserve, which is nearly one-third of its market capitalization [8][10] Market Position - The company has an equity stake in another prominent AI venture, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9] - It is trading at a low valuation of less than 7 times earnings, making it an attractive investment option in the AI and energy sectors [10][11] - The company is recognized for its ability to deliver real cash flows and hold critical infrastructure, positioning it well for future growth [11][12] Future Outlook - The ongoing influx of talent into the AI sector is expected to drive rapid advancements and innovative ideas, reinforcing the importance of investing in AI [12][13] - The combination of AI infrastructure, energy needs, and the onshoring boom presents a unique investment opportunity that is likely to yield significant returns in the coming years [14][15]

Company Overview - Asp Isotopes (ASPI) is an advanced materials company focused on developing technology for producing enriched isotopes, utilizing a proprietary Aerodynamic Separation Process [2] - The company was incorporated in Delaware in September 2021 and has roots tracing back to the 1980s [2] Financial Performance - In Q3 2025, Asp Isotopes reported total revenues of $4.9 million, significantly up from $1.1 million in the previous year [1] - The company's losses widened to $0.15 per share from $0.12 per share, exceeding the consensus estimate of a loss of $0.10 per share [1] - Net cash used in operating activities increased to nearly $20 million from about $13 million year-over-year, but cash balance improved to $113.9 million from $61.9 million [6] Market Outlook - The nuclear energy sector is projected to grow from approximately $37 billion today to about $51.83 billion by 2035, driven by factors such as AI data center expansion and global government support for reducing fossil fuel emissions [4] - The VanEck Uranium and Nuclear ETF (NLR) has seen a 49% increase year-to-date, indicating strong market interest in nuclear energy [5] Analyst Ratings - Asp Isotopes has been assigned a "Strong Buy" rating with a mean target price of $11, suggesting an upside potential of about 83% from current levels [7] - The overall sentiment in the nuclear energy sector is positive, with analysts expressing confidence in companies like Talen Energy and Ur Energy, which also have strong ratings and growth potential [12][17] Investment Considerations - The nuclear energy theme is gaining traction, with companies like Asp Isotopes positioned as bold bets in a growing sector [18] - Talen Energy, with a diversified energy portfolio, is highlighted as particularly strong among its peers [18]

Core Points - Ur‑Energy Inc. (NYSE:URG) experienced a significant share price decline of 18.63% from November 3 to November 10, 2025, ranking among the energy stocks that lost the most during that week [1] - The company reported disappointing Q3 2025 results on November 3, with earnings per share (EPS) of -$0.07, missing estimates by $0.05, and revenue of $6.32 million, falling short of forecasts by $1.47 million [3] - H.C. Wainwright adjusted its price target for Ur‑Energy from $2.70 to $2.60 while maintaining a 'Buy' rating on the stock [3] - The decline in Ur‑Energy's performance is also attributed to a 5.5% drop in uranium prices between October 31 and November 10 [4] Company Overview - Ur‑Energy Inc. is involved in uranium mining, recovery, and processing, focusing on the acquisition, exploration, development, and operation of uranium mineral properties in the United States [2]

Production and Sales - In Q3 2025, Ur-Energy dried and packaged 93,523 pounds of U₃O₈ and shipped 70,190 pounds to the conversion facility, holding 278,150 pounds of U₃O₈ as of September 30, 2025[4] - The company sold 110,000 pounds of U₃O₈ at an average price of $57.48 per pound, generating revenue of $6.3 million in Q3 2025[8] - Total sales in 2025 are projected at 440,000 pounds of U₃O₈ at an average price of $61.77 per pound, expecting revenues of $27.2 million[9] - U3O8 production for 2025 YTD reached 292,716 pounds, with Q2 production at 128,970 pounds[26] - The average production grade for Q3 2025 was 66 ppm, with year-to-date average production grade at approximately 58 ppm[5] - Cash costs per pound of produced inventory decreased slightly from $43.61 in Q2 2025 to $43.00 in Q3 2025[8] - Cash cost per pound for Q2 2025 is $40.55, a decrease from $43.43 in Q1 2025[26] Financial Position - As of September 30, 2025, Ur-Energy had cash and cash equivalents of $52.0 million, a decrease of approximately $24.1 million from the $76.1 million balance on December 31, 2024[8] - In-process inventory value for Q2 2025 is $509,000, reflecting ongoing production activities[26] - Ending inventory of U3O8 for Q2 2025 is 370,681 pounds, with a total value of $20,897,000[26] Development and Construction - Construction at Shirley Basin is well advanced, with the first header house for Phase 2 in commissioning and uranium production startup anticipated in Q1 2026[8] - The first header house in Shirley Basin has been fabricated, with onsite construction and main pipeline installation continuing[19] - Development and construction activities have commenced at the Shirley Basin facility, Ur-Energy's second in situ recovery uranium facility[27] Exploration and Future Plans - Exploration programs initiated in the Great Divide Basin included the installation of 18 aquifer test wells to enhance understanding of local hydrogeology[20] - The company plans to evaluate the potential to advance the Lost Soldier Project through the FAST-41 permitting process if exploration work is successful[21] - The company anticipates a ramp-up to steady state full production levels at Lost Creek, with ongoing optimization efforts[29] - Ur-Energy is focused on capitalizing on the resurgence of the nuclear industry and advancing exploration programs[29] Strategic Inventory - Non-produced pounds acquired in Q4 2024 are 550,000 pounds, indicating a strategic inventory increase[26] Stock Information - Ur-Energy's common shares trade on the NYSE American under the symbol "URG" and on the Toronto Stock Exchange under "URE"[27]

Core Insights - Ur-Energy Inc. has filed its Form 10-Q for the quarter ended September 30, 2025, with the U.S. Securities and Exchange Commission and Canadian securities authorities [1] Financial and Operating Results - The ramp-up at Lost Creek continued with 93,523 pounds of U3O8 dried and packaged during the third quarter of 2025 [1]

Production and Sales - Ur-Energy's Lost Creek Project is permitted for annual recovery of up to 1.2 million pounds of U3O8, with processing capacity designed for up to 2.2 million pounds annually[95]. - In Q3 2025, Ur-Energy sold 110,000 pounds of U3O8 at an average price of $57.48 per pound, generating revenue of $6.3 million[107]. - The company anticipates delivering 440,000 pounds of U3O8 in 2025 at an average price of $61.77 per pound, projecting total revenues of $27.2 million[115]. - Ur-Energy has eight multi-year sales agreements, expecting to sell approximately 6.0 million pounds of U3O8 between 2025 and 2033[95]. - The company delivered 165,000 pounds in 2025 Q2 and 110,000 pounds in Q3, with a further delivery of 165,000 pounds expected in Q4[141]. - U3O8 pounds sold in 2025 YTD totaled 275,000, with 395,000 pounds sold in 2024 Q4[139]. - The company has committed deliveries of 400,000 pounds of U3O8 for 2025, with both buyers opting to flex up the annual base delivery quantity by 10%[141]. - Total sales in 2025 are projected at 440,000 pounds of U3O8, with expected revenues of $27.2 million at an average price of $61.77 per pound[184]. Financial Performance - The uranium spot price closed Q3 2025 at $82.63, showing volatility but remaining generally in the $70s or higher throughout the quarter[104]. - Sales for Q3 2025 were $6.32 million, a decrease of $0.08 million (1.2%) from $6.40 million in Q3 2024, while sales for the nine months ended September 30, 2025, increased by $5.71 million (51.7%) to $16.76 million compared to $11.05 million in the same period of 2024[156][158]. - Cost of sales for Q3 2025 was $7.06 million, an increase of $1.45 million (25.8%) from $5.61 million in Q3 2024, and for the nine months ended September 30, 2025, it rose by $8.08 million (80.2%) to $18.16 million compared to $10.08 million in 2024[160]. - Gross profit for Q3 2025 was a loss of $0.74 million, down from a profit of $0.79 million in Q3 2024, and for the nine months ended September 30, 2025, it was a loss of $1.40 million compared to a profit of $0.97 million in 2024[162]. - Net loss for Q3 2025 was $27.46 million, an increase of $19.46 million from a loss of $8.00 million in Q3 2024, and for the nine months ended September 30, 2025, the net loss was $59.32 million compared to a loss of $33.13 million in 2024[171]. - The average price per pound sold for produced U3O8 in 2024 was $51.53, while for non-produced it was $75.87[142]. - In 2024, the average price per pound sold was $58.15, with an average cost of $64.34, resulting in an average loss of $6.19 per pound and a loss margin of approximately 11%[145]. Cost and Pricing - U3O8 price per pound sold in 2025 Q2 was $63.20, while in Q3 it was $57.48, resulting in a year-to-date average price of $60.91[137]. - U3O8 cost per pound sold in 2025 Q2 was $50.89 and in Q3 was $64.21, leading to a year-to-date average cost of $56.22[142]. - The U3O8 cost per pound sold increased to $64.21 in Q3 2025, up by $15.30 from $48.91 in Q3 2024, resulting in a loss of $6.72 per pound sold in Q3 2025 compared to a profit of $12.74 per pound in Q3 2024[162]. - In 2025 Q2, 165,000 produced pounds were sold at an average price of $63.20 and an average cost of $50.89, yielding an average profit of $12.31 per pound and a profit margin of about 20%[146]. - For the first nine months of 2025, the average price per pound sold was $60.91, with an average cost of $56.22, resulting in an average profit of $4.69 per pound and a profit margin of about 8%[146]. Operational Updates - Construction at the Shirley Basin Project is progressing, with nearly 900 cubic yards of concrete poured for the processing building foundation[116]. - The company is advancing exploration programs in the Great Divide Basin, including the Lost Soldier project, to identify additional uranium resources[126]. - Ur-Energy's processing facility at Lost Creek is expected to process captured U3O8 from the Shirley Basin Project, with a satellite plant planned for commissioning in 2026[95]. - The company anticipates initial production flow and commissioning of the first IX columns at Shirley Basin to occur in Q1 2026[192]. - The company has completed recruitment for all positions at Shirley Basin, allowing for thorough safety and task training prior to operations commencement[193]. - Wellfield flow rates at Lost Creek are expected to increase as operational challenges are resolved, supporting higher production rates[194]. Cash Flow and Investments - Cash and cash equivalents decreased from $87.1 million at the end of 2024 to $63.4 million by September 30, 2025, with $24.3 million used for operating activities during the nine months[172]. - The company incurred $14.2 million in investing activities during the nine months ended September 30, 2025, primarily for construction and equipment at Shirley Basin[174]. - Financing activities generated $14.9 million in the nine months ended September 30, 2025, from the sale of 9,980,095 common shares[175]. - As of September 30, 2025, the unrestricted cash position was $52.0 million, with total current liabilities of $9.6 million[183][206]. - As of October 30, 2025, the cash position was $35.4 million, with ongoing construction and operational activities at both mine sites[197]. Management Changes - The company announced the retirement of CEO John W. Cash, effective December 12, 2025, with Matthew D. Gili set to succeed him[132]. - The company expanded its accounting and finance team with the appointment of Jade Walle as Vice President Finance, bringing extensive experience in corporate finance[134].