LITTLETON, Colo., Aug. 23, 2018 /PRNewswire/ -- Ur‐Energy
Inc. (NYSE American:URG, TSX:URE) ("Ur‐Energy" or the
"Company") is pleased to announce it has been advised that Global X
Uranium Exchange Traded Fund ("Global X"), its largest shareholder,
has completed a rebalancing of its fund in respect to its holdings
in Ur-Energy. Because of changes incorporated in the underlying
index used by Global X, to include larger companies in various
nuclear fuel cycle industries, Global X has been systematically
rebalancing holdings in all uranium mining and development
companies, including Ur‑Energy.
Jeffrey Klenda, Chair and CEO of
Ur-Energy, stated, "We are glad to have been able to assist Global
X in reaching their targeted rebalance figure. Whether intended or
not, this type of trading activity can have a suppressive influence
on a company's shares. We are very pleased that any pressure has
been removed with the orderly completion of the Global X rebalance
with respect to Ur-Energy. Overall, we feel that our registry of
shareholders has been strengthened through this process. We are
pleased to have Global X continue on as one of our larger
shareholders, and we look forward to working with them in the
future."
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 2.4 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 the NYSE American 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 Klenda, Chair and 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., whether the Company's registry of shareholders has
been strengthened through the rebalancing by Global X; whether
Global X will continue as one of the Company's larger shareholders;
whether completion of the rebalance removes pressures to our
shares; and the timing and ability to complete all necessary
regulatory applications for LC East and for Shirley Basin operations) 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.