Ur-Energy Inc. Announces Closing of $46.1 Million Public Equity Offering, Including Full Exercise of the Underwriters' Option to Purchase Additional Shares and/or Warrants

Feb 21, 2023

LITTLETON, CO / ACCESSWIRE / February 21, 2023 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE, Financial) ("Ur-Energy") announced today the closing of its previously announced underwritten public offering of 39,100,000 common shares and accompanying warrantsto purchase up to 19,550,000 common shares, which includes the full exercise of the underwriters' option to purchase up to 5,100,000 additional common shares and accompanying warrants to purchase up to 2,550,000 common shares, at a combined public offering price of $1.18 per common share and accompanying warrant. The warrants have an exercise price of $1.50 per whole common share and will expire three years from the date of issuance. The gross proceeds to Ur-Energy from this offering were approximately $46.1 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy.

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