LITTLETON, Colo., April 10, 2015 /PRNewswire/ -- Ur-Energy Inc.
(NYSE MKT:URG, TSX:URE) ("Ur-Energy" or the "Company") today
announced Wayne Heili, its President
and CEO, will be departing the Company. Current Board Chair and
Executive Director, Jeffrey Klenda,
will assume the role of acting Chief Executive Officer. The Company
also announced that it will hold its annual shareholders meeting on
May 28, 2015, and the nominated
directors include a new independent director, Gary Huber.
Mr. Heili's current employment agreement with the Company will
expire on May 1, 2015, and his
employment will conclude following completion of that term.
Mr. Klenda is well-suited to assume the role of acting Chief
Executive Officer as he co-founded the Company in 2004 and has
served as the Chair and Executive Director since 2006. Steven Hatten, the Company's Vice President
Operations, and John Cash, the
Company's Vice President Regulatory Affairs, both of whom are
long-time members of the Company's operational team, will continue
to head not only their respective departments, but may also assume
additional operational responsibilities. The balance of the
Company's executive team, Roger
Smith, Chief Financial Officer and Chief Administrative
Officer, James Bonner, Vice
President, Geology, and Penne Goplerud, General Counsel and
Corporate Secretary, will also continue in their respective roles
to advance the Company's business objectives and growth
strategy.
Additionally, the Company's exclusive relationship with
consultant James Cornell of NuCore
Energy LLC, continues with Mr. Cornell acting on behalf of the
Company in negotiating sales arrangements with utility
customers.
The Company will hold its annual shareholders meeting on
May 28, 2015 in Littleton, Colorado. The Board of Directors
has re-nominated all of its existing directors, other than Mr.
Heili. In addition, the Board of Directors has nominated a new
independent director, Gary Huber,
who previously served as a director to the Company in 2007. Since
that time, Dr. Huber was President and CEO of Neutron Energy, a
privately-held uranium company which was conducting project
feasibility analyses as well as initial permitting of two large
uranium mines and a mill complex, until it was acquired in 2012.
Dr. Huber has more than 35 years of natural resource company
experience. The Board believes that Dr. Huber is
well-qualified to serve as a director of the Company on the basis
of his extensive mining industry experience including executive
management and finance, developed by serving as an executive
officer and director of publicly-traded natural resource companies.
He holds a Ph.D in geology from Colorado
School of Mines. Dr. Huber is a fellow of the Society of
Economic Geologists, a member of the Society for Mining, Metallurgy
and Exploration, and a Utah
registered Professional Geologist.
About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek
in-situ recovery uranium facility in south-central
Wyoming. The Lost Creek processing
facility has a two million pounds per year nameplate design
capacity. Shirley Basin, our
newest project, is one of the Pathfinder Mines assets we acquired
in 2013. Baseline studies necessary for permitting and licensing of
the project are currently being advanced. 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 the NYSE MKT under the
symbol "URG" and on the Toronto Stock Exchange under the symbol
"URE." Ur-Energy's corporate office is located 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 T.
Klenda
Chairman of the Board
Executive Director
866-981-4588
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SOURCE Ur-Energy Inc.