URG Ur Energy Inc

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported): April 10, 2015

 

UR-ENERGY INC.

(Exact name of registrant as specified in its charter)

 

 

Canada	001- 33905	Not applicable
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)
10758 W Centennial Road, Suite 200 Littleton, Colorado		80127
(Address of principal executive offices)		(Zip code)

 

Registrant’s telephone number, including area code: (720) 981-4588

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(b) Resignation of Principal Executive Officer

 

On April 10, 2015, Ur-Energy Inc. (“Ur-Energy” or the “Company”) announced that the employment agreement with its current President and Chief Executive Officer, Wayne Heili, will end on May 1, 2015 and that his employment with the Company will conclude following the completion of that term.

 

(c) Appointment of Principal Executive Officer

 

Effective as of May 2, 2015, Jeffrey T. Klenda, age 58, will formally assume the title of acting Chief Executive Officer of Ur-Energy. Mr. Klenda co-founded Ur-Energy in 2004 and has served as the Chairman of the Board of Directors and Executive Director of the Company since 2006. Mr. Klenda has also served as a director of Columbus Exploration Corporation since November 2013.

 

There is no understanding or arrangement between Mr. Klenda and any other person pursuant to which Mr. Klenda was selected as the acting Chief Executive Officer of the Company. Mr. Klenda does not have any family relationship with any director, executive officer or person nominated or chosen by Ur-Energy to become a director or executive officer.

 

Item 7.01 Regulation FD Disclosure

 

On April 10, 2015, the Company issued a press release announcing the resignation of Mr. Heili and appointment of Mr. Klenda. A copy of the press release is furnished as Exhibit 99.1. The information contained in the accompanying Exhibit 99.1 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information contained in the press release shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.		Description
99.1		Press Release of Ur-Energy Inc., dated April 10, 2015 *   *This Exhibit is intended to be furnished to, not filed with, the SEC pursuant to General Instruction B.2 of Form 8-K.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	UR-ENERGY INC.
	By:	/s/ Penne A. Goplerud
		Name:	Penne A. Goplerud
		Title:	Corporate Secretary and
			General Counsel

 

Date: April 15, 2015

 

 

 

EXHIBIT INDEX

 

 

Exhibit No.		Description
99.1		Press Release of Ur-Energy Inc., dated April 10, 2015*
		*This Exhibit is intended to be furnished to, not filed with, the SEC pursuant to General Instruction B.2 of Form 8-K.

 

Exhibit 99.1

  

10758 W. Centennial Rd. Suite 200
Littleton, CO 80127 Phone: 720.981.4588
Fax: 720.981.5643
www.ur-energy.com

News Release

 

 

Ur-Energy Announces Management Changes

 

Littleton, Colorado (PR Newswire, April 10, 2015) 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