Ur-Energy (URG) Registration filing summary

Company overview and business model

• Engaged in uranium recovery and processing, focusing on in situ recovery (ISR) methods at projects in Wyoming.

• Operates the Lost Creek Project and is developing the Shirley Basin Project, both in Wyoming.

• Classified as an exploration stage issuer, with no proven or probable mineral reserves established.

• Lost Creek facility is licensed for up to 1.2 million pounds U3O8 annually, with processing capacity up to 2.2 million pounds.

• Uranium produced is shipped to third-party facilities for conversion and storage prior to sale.

Financial performance and metrics

• In December 2025, incurred $120 million in 4.75% Convertible Senior Notes due 2031.

• Common shares are listed on TSX and NYSE American; last reported prices were $1.52 (NYSE American) and Cdn $2.11 (TSX) as of April 2, 2026.

• No dividends have been paid since incorporation and none are expected in the near future.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes and working capital.

• Specific use of proceeds for each offering will be detailed in the relevant prospectus supplement.