UR-ENERGY ANNOUNCES DELAY FILING YEAR-END REPORTING DOCUMENTS

Core Viewpoint - Ur-Energy Inc. has announced a delay in filing its annual financial statements for the year ended December 31, 2024, due to an accounting issue related to stock options [1][2]. Group 1: Financial Reporting and Compliance - The delay in filing is attributed to the need to classify certain stock options as a liability, which will affect the company's outstanding options in the latter half of 2024 [2]. - The company does not anticipate a restatement of its Consolidated Financial Statements for the year ended December 31, 2023 [2]. - Management is working to resolve the accounting issue and aims to file the required documents by April 14, 2025 [3]. Group 2: Regulatory Actions - Due to the missed filing deadline of March 31, 2025, Ur-Energy has applied for a management cease trade order (MCTO) to restrict trading by its CEO and CFO while allowing common shares to continue trading [4]. - The company intends to comply with alternative information guidelines as long as it remains in default for failing to file the required documents [5]. - If the MCTO is not granted, Canadian securities regulatory authorities may impose an Issuer Cease Trade Order [5]. Group 3: Company Operations - Ur-Energy operates the Lost Creek in-situ recovery uranium facility in Wyoming and has produced approximately 2.8 million pounds of U3O8 since operations began [7]. - The company has all major permits to begin construction at its second facility, Shirley Basin, and is advancing its development following a 'go' decision in March 2024 [7].