LITTLETON, Colo., April 2, 2018 /PRNewswire/ -- Ur-Energy
Inc. (NYSE American:URG, TSX:URE) (the "Company" or
"Ur-Energy") is pleased to announce the appointment of Rob Chang to its Board of Directors (the
"Board"). The appointment is effective March
30, 2018.
"We are so pleased to welcome Rob
Chang to the Board," Ur-Energy Chairman and CEO Jeffrey Klenda said. "Rob is a well-recognized
financial expert who most recently covered the uranium mining
industry for many years. His broad-ranging finance and market
credentials provide strengths which add depth and experience in
critical areas to the Ur-Energy Board. While we are sad to see one
of our founding Directors, Paul
Macdonell, retiring, I feel that we could not have chosen a
better replacement to serve our Board. Certainly, we must recognize
and thank Paul for his many years of leadership and dedicated
service as we built Ur-Energy and Lost Creek to the leader in the
uranium space that we are today."
Rob Chang has 23 years of
experience in the financial services industry. Mr. Chang is
currently the Chief Financial Officer of Riot Blockchain, Inc.
Prior to his current position, he most recently served as the
Managing Director and Head of Metals & Mining at Cantor
Fitzgerald where he provided research coverage in precious metals,
base metals, lithium, and uranium. He is well familiar with the
uranium mining industry, and is considered a subject matter expert
by several media outlets. He was recognized by Bloomberg as the
"Best Precious Metals Analyst" in Q1 2016. Mr. Chang is frequently
quoted by and a regular guest of several media outlets including:
Bloomberg, Reuters, CNBC, and the Wall Street Journal. Mr. Chang
previously served as a Director of Research and Portfolio Manager
at Middlefield Capital, a Canadian investment firm which managed
$3 billion in assets. He was also on
a five-person multi-strategy hedge fund team where he specialized
in equity and derivative investments. Mr. Chang completed his MBA
at the University of Toronto's
Rotman School of Management.
About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek
in-situ recovery uranium facility in south-central
Wyoming. We have produced,
packaged and shipped more than two million pounds from Lost Creek
since the commencement of operations. Applications are under review
by various agencies to incorporate our LC East project area into
the Lost Creek permits, and we have begun to submit applications
for permits and licenses to construct and operate at our Shirley
Basin Project. Ur-Energy is engaged in uranium mining, recovery and
processing activities, including the acquisition, exploration,
development and operation of uranium mineral properties in
the United States. Shares of
Ur-Energy trade on NYSE American under the symbol "URG" and on the
Toronto Stock Exchange under the symbol "URE." Ur-Energy's
corporate office is in Littleton,
Colorado; its registered office is in Ottawa, Ontario. Ur-Energy's website is
www.ur-energy.com.
FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Klenda, Chairman &
CEO
866-981-4588
Jeff.Klenda@ur-energy.com
Cautionary Note Regarding Forward-Looking Information
This release may contain "forward-looking statements" within the
meaning of applicable securities laws regarding events or
conditions that may occur in the future (e.g., the skills
and experience Mr. Chang brings to the Board, as well as the
benefits expected from his appointment to the Board) and are based
on current expectations that, while considered reasonable by
management at this time, inherently involve a number of significant
business, economic and competitive risks, uncertainties and
contingencies. Factors that could cause actual results to differ
materially from any forward-looking statements include, but are not
limited to, capital and other costs varying significantly from
estimates; failure to establish estimated resources and reserves;
the grade and recovery of ore which is mined varying from
estimates; production rates, methods and amounts varying from
estimates; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; inflation;
changes in exchange rates; fluctuations in commodity prices; delays
in development and other factors described in the public filings
made by the Company at www.sedar.com and www.sec.gov. Readers
should not place undue reliance on forward-looking statements. The
forward-looking statements contained herein are based on the
beliefs, expectations and opinions of management as of the date
hereof and Ur-Energy disclaims any intent or obligation to update
them or revise them to reflect any change in circumstances or in
management's beliefs, expectations or opinions that occur in the
future.
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SOURCE Ur-Energy Inc.