Current Report Filing (8-k)
April 27 2020 - 4:07PM
Edgar (US Regulatory)
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 23, 2020
UR-ENERGY INC.
(Exact name of registrant as specified in
its charter)
Canada
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001-
33905
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Not
applicable
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(State or other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification Number)
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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
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
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Trading Symbol
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Name of each exchange on which registered:
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Common stock
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URG (NYSE American); URE (TSX)
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NYSE American; TSX
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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):
¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events.
On January 16, 2018, Ur-Energy Inc. (“Ur-Energy”),
together with Energy Fuels Inc., jointly submitted a Petition to the U.S. Department of Commerce (“DOC”) for Relief
Under Section 232 of the Trade Expansion Act of 1962 (as amended) from Imports of Uranium Products that Threaten National Security.
Subsequently, on or about April 14, 2019, the DOC’s investigation into the effects of those imports on national security
resulted in the submission of a report to the President with DOC’s findings and recommendations.
On July 12, 2019, the White House issued
a “Memorandum on the Effect of Uranium Imports on the National Security and Establishment of the United States Nuclear Fuel
Working Group” (the “President’s Memorandum”). Through the President’s Memorandum, the United States
Nuclear Fuel Working Group (the “Working Group”) was established to develop recommendations for reviving and expanding
domestic uranium production. The Working Group submitted its report to the White House in November 2019.
On April 23, 2020, the Working Group, through
the Department of Energy, released its report detailing the steps required to revitalize the domestic uranium mining and broader
nuclear industries. The Working Group report recommends the establishment of a national uranium reserve and sets forth how direct
purchases by the government for the reserve would provide support to uranium production at the front end of the fuel cycle. A restart
of the only U.S. conversion facility and of domestic enrichment, including with a reservation to unobligated (domestic) material,
are also in the report’s recommendations. Among the other recommendations made, the report offers support for DOC’s
efforts to extend the Russian Suspension Agreement to protect against future uranium dumping and suggests that the government should
consider lowering the cap on Russian imports.
There can be no certainty of the timing
for implementation of any or all of the Working Group’s findings and recommendations, and therefore the outcome of this continuing
process is uncertain.
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.
Date: April 27, 2020
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Ur-Energy Inc.
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By:
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/s/ Penne A. Goplerud
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Name:
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Penne A. Goplerud
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Title:
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Corporate Secretary and General Counsel
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