Ur-Energy Inc.

Ur-Energy Inc. is a uranium mining company that acquires, explores, develops, and operates uranium mineral properties in the United States. Its primary focus is on the extraction and production of uranium, which is used as fuel for nuclear power plants. The company's flagship asset is the Lost Creek project, located in the Great Divide Basin of Wyoming. This project comprises approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering about 35,400 acres. Ur-Energy also holds interests in 11 other uranium projects across the U.S., positioning it as a key domestic supplier of uranium.

Ur-Energy Inc. is listed on the NYSE American exchange under the ticker symbol URG. The trading currency for its shares is the US Dollar (USD). Being listed on a major U.S. exchange provides liquidity and visibility for investors interested in the uranium sector.

Ur-Energy operates in the Energy sector, specifically within the Uranium industry. This means the company is involved in the mining and production of uranium, a critical fuel source for nuclear energy generation. As a uranium producer, Ur-Energy plays a role in the nuclear fuel cycle, which is essential for low-carbon baseload electricity. The company's operations are focused on the exploration, development, and extraction of uranium deposits, making it a pure-play investment in the nuclear energy supply chain.

Ur-Energy Inc. is headquartered in Littleton, Colorado, United States. The company was incorporated in 2004 and primarily operates within the U.S., with its flagship Lost Creek project located in Wyoming's Great Divide Basin. All of its 12 uranium projects are situated in the United States, emphasizing a domestic focus. This geographic concentration allows Ur-Energy to benefit from U.S. mining regulations and supply uranium to American nuclear utilities, supporting energy independence.

Ur-Energy generates revenue by mining and selling uranium concentrate (U3O8) to nuclear utilities and other customers. Its business model involves the acquisition, exploration, development, and operation of uranium properties. The company's primary revenue-generating asset is the Lost Creek project in Wyoming, which is an in-situ recovery (ISR) uranium mine. ISR mining is a low-cost method that involves injecting a solution into the ore body to dissolve uranium, which is then pumped to the surface for processing. By operating multiple projects, Ur-Energy aims to maintain a diversified portfolio of uranium assets to supply the growing demand for nuclear fuel.