Ur-Energy Announces Additional Sales Commitments, Success in its Bid into the Uranium Reserve, and Decision to Ramp-Up Lost Creek Production Operations

Ur-Energy Inc. LITTLETON, CO / ACCESSWIRE / December 19, 2022 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce that it has expanded the quantity to be delivered into the sales agreement announced by the Company on August 8, 2022. The agreement which called for the annual delivery of 200,000 pounds of U 3 O 8 over a six-year period, has been amended to increase the annual delivery by 100,000 pounds of U 3 O 8 beginning in 2024 at the same pricing levels.

The Company’s total sales quantity now under contract will be 600,000 pounds U 3 O 8 per year beginning in 2024, plus or minus a small, optional flex. Having secured these sales commitments, Ur-Energy has made the decision to immediately ramp up production at its operating Lost Creek uranium mine to levels sufficient to deliver into these current contracts.

The Company will target […]

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