Company Overview - Ur-Energy's Lost Creek ISR uranium facility has produced approximately 2.7 million pounds of U3O8 through Q3 2021[9] - The company has substantial inventory and has seen spot market pricing increase[11] - Shirley Basin ISR Facility effectively doubles the company's licensed production capacity[9] Market Dynamics - Nuclear energy accounts for approximately 20% of the United States' electricity and over 50% of its carbon-free electricity[13] - Globally, nuclear energy accounts for 11% of electrical energy and about 1/3 of carbon-free electricity[13] - Global U3O8 demand is projected to increase by 3.1% annually through 2025[13] - The U S government has allocated $75 million for a U S Uranium Reserve in FY2022[9, 50] Production and Resources - Lost Creek has demonstrated approximately 90% recovery of under pattern resources[21] - Shirley Basin has a measured and indicated resource of 8.816 million pounds[30] - The company estimates uranium production costs at Shirley Basin to be $14.54 per pound[29] Financial Position - As of October 27, 2021, Ur-Energy had cash resources of $40.9 million[47, 54] - Ur-Energy has approximately 285,000 pounds of ready-for-sale U3O8 product in inventory at the converter[47, 54] - The company estimates $15.4 million for mine development and CapEx to reach an initial ~1 million pound run rate at Lost Creek[40]

Financial Performance - For the three months ended September 30, 2021, the company reported a net loss of $9.5 million, compared to a net loss of $3.7 million for the same period in 2020, representing an increase in loss of $5.8 million[121]. - The gross loss for the nine months ended September 30, 2021, was $5.2 million, compared to a gross loss of $3.2 million for the same period in 2020, indicating a deterioration of $2 million[126]. - Total operating costs for the three months ended September 30, 2021, were $2.6 million, an increase from $2.2 million in the same period in 2020, primarily due to bonus payments[129]. - The basic and diluted loss per common share for the three months ended September 30, 2021, was $0.05, compared to $0.02 for the same period in 2020[138]. - The company reported a net interest expense of $558,000 for the nine months ended September 30, 2021, compared to $522,000 for the same period in 2020[122]. Production and Operations - U3O8 production for Q3 2021 was 70 pounds, with a year-to-date total of 177 pounds captured, reflecting a significant decline from previous years[118]. - The Lost Creek processing facility is designed to process up to 1.2 million pounds of U3O8 annually, with a licensed capacity of 2.2 million pounds[101]. - The Shirley Basin Project is approved to recover up to 1 million pounds of U3O8 annually, with a total production capacity of 2 million pounds equivalent[114]. - The company plans to complete the drilling and construction program for the fourth header house in Mine Unit 2 by early 2022, enhancing production readiness[110]. - The company anticipates up to nine years of production at the Shirley Basin site, which is construction-ready[115]. - The Lost Creek facility has the capacity to process up to 2.2 million pounds of U3O8 per year, with a potential ramp-up to full production in as little as nine months[158]. - The company plans to commence a drill and development program at Lost Creek with an estimated cost of $2.2 million to enhance operational readiness[156]. - The company is prepared to ramp up production and deliver inventory into new sales contracts when market conditions permit[158]. Cash and Financing - Cash and cash equivalents increased by $29.1 million from $4.3 million at the end of 2020 to $33.4 million as of September 30, 2021[139]. - The company generated $38.3 million from financing activities during the nine months ended September 30, 2021, including $13.9 million from a public offering[141]. - As of October 27, 2021, the company had $40.9 million in cash and cash equivalents, including an additional $8.2 million from ATM sales and warrant exercises[152]. - The company raised $46.5 million in 2021, with a cash position of $40.9 million and nearly 285,000 pounds of finished U3O8 inventory valued at approximately $13.4 million[156]. - The balance of the State Bond Loan as of September 30, 2021, was $12.4 million, with principal payments scheduled to resume on October 1, 2022[142]. - The company received loan forgiveness of $893 thousand principal and approximately $10 thousand interest under the PPP, recognized as a $903 thousand gain on debt forgiveness in Q2 2021[146]. - The company closed a $15.2 million underwritten public offering on February 4, 2021, with net proceeds of approximately $13.9 million after fees[151]. - The company has established a universal shelf registration statement to offer up to $100 million in securities, effective for three years[147]. Market and Strategic Initiatives - The average spot market price of uranium was $47.13 per pound as of October 27, 2021, reflecting fluctuations influenced by various market factors[177]. - The U.S. Department of Energy is working on establishing a national uranium reserve, with stakeholder responses due in mid-October 2021[106]. - The company is considering a proposed transaction to sell a non-core, unpermitted property, with plans to enhance shareholder value through potential mergers and acquisitions[163]. - The company had no sales of U3O8 in the first nine months of 2021, while it sold 200,000 pounds during the same period in 2020 at an average price of $41.50 per pound[123]. - The company has 12 U.S. uranium properties, controlling approximately 36,000 acres in the Lost Creek area and over 3,700 acres in the Shirley Basin Project[108].

NYSE American: URG • TSX: URE September 2021 Disclaimer This presentation contains "forward-looking statements," within the meaning of applicable securities laws, regarding events or conditions that may occur in the future. Such statements include without limitation the Company's maintaining controlled-level production operations and the ability to ramp up as planned, including maintaining experienced operational staff; the continued technical and economic viability of Lost Creek; whether current projection ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD OF _________ TO _________. Commission File Number: 001-33905 UR-ENERGY INC. (Exact name of registrant as specified in its charter) State or other jurisdiction of incor ...

NYSE American: URG • TSX: URE June 2021 This presentation contains "forward-looking statements," within the meaning of applicable securities laws, regarding events or conditions that may occur in the future. Such statements include without limitation the Company's maintaining controlled-level production operations and the ability to ramp up as planned, including maintaining experienced operational staff; the continued technical and economic viability of Lost Creek; whether current projections of supply and ...

NYSE American: URG • TSX: URE May 2021 This presentation contains "forward-looking statements," within the meaning of applicable securities laws, regarding events or conditions that may occur in the future. Such statements include without limitation the Company's maintaining controlled-level production operations and the ability to ramp up as planned, including maintaining experienced operational staff; the continued technical and economic viability of Lost Creek; whether current projections of supply and d ...

(Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD OF _________ TO _________. Commission File Number: 001-33905 UR-ENERGY INC. Indicate by check mark whether the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD OF _________ TO _________. Commission File Number: 001-33905 UR-ENERGY INC. (Exact name of registrant as specified in its charter) State or other jurisdiction of incorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD OF _________ TO _________. Commission File Number: 001-33905 UR-ENERGY INC. (Exact name of registrant as specified in its charter) Canada Not Applicable State or ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD OF _________ TO _________. Commission File Number: 001-33905 UR-ENERGY INC. (Exact name of registrant as specified in its charter) Canada Not Applica ...