UR-Energy Inc

Published : January 23rd, 2012

Enters Into New Uranium Sales Agreement

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Keywords :   Canada | Growth | Recovery | Uranium |

10758 W. Centennial Rd. Suite 200

Littleton, CO 80127

Phone: 720.981.4588

Fax:     720.981.5643

www.ur-energy.com

 

            

    

Press Release                                                       

Ur-Energy Enters Into New Uranium Sales Agreement

 

Littleton, Colorado (PR Newswire ? January 23, 2012) Ur-Energy Inc. (TSX:URE, NYSE Amex:URG)  (?Ur-Energy? or the ?Company?) is pleased to announce that it has entered into a new uranium supply agreement with a North American based utility company.  The contract calls for total deliveries of 200,000 pounds of uranium concentrate per year in a multi-year schedule commencing in 2013. The average delivery price under the agreement is consistent with the current Long-Term U3O8 Price Indicator published by Trade Tech.

 

The successful completion of this supply agreement moves Ur-Energy closer to fulfilling the marketing strategy that the Company developed under an arrangement entered into with Mr. Jim Cornell of NuCore Energy, in October of last year. The strategy calls for Ur-Energy to sell a pre-determined portion of the expected uranium production capacity from its Lost Creek Project in term agreements with North American nuclear utilities at prices that will ensure the project?s financial viability. The contract, together with others that Ur-Energy expects to complete in the near future, constitutes a very important aspect of the Company?s growth strategy. Ur-Energy expects to begin production from Lost Creek in the second quarter of 2013 and ramp up production to near one million pounds per year in 2014.

 

Ur-Energy CEO Wayne Heili said, ?We are very pleased that our newest utility customer expressed its confidence in our team and the Lost Creek Project by agreeing to establish a supply relationship with us. This supply arrangement is a critical component of our overall growth strategy as it contributes to the future financial viability of our U.S. based uranium mining operations.?

 

 

About Ur-Energy

Ur-Energy is a junior uranium company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production.  Permitting also will allow the construction of a two-million-pounds-per-year in situ uranium processing facility. Engineering for the process facility is complete and mine planning is at an advanced stage for the first two mine units. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol ?URE? and on the NYSE Amex under the symbol ?URG?. 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

 

Rich Boberg, Director, IR/PR                                                         Wayne Heili, President and CEO

303-269-7707                                                                                 307-265-2373

866-981-4588                                                                                 866-981-4588

rich.boberg@ur-energyusa.com                                                 wayne.heili@ur-energyusa.com

 

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., timetables at Lost Creek; the ability to complete additional uranium sales agreements and on what terms; successful implementation of the growth strategy of the Company; receipt of (and related timing of) the Record of Decision of the BLM related to the Lost Creek Plan of Operations; and the sustainability, timeline and future profitability of Lost Creek production) 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. 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.  Additional risks relating to Ur-Energy may be found in current and periodic reports filed by Ur-Energy with Canadian securities regulatory authorities on www.sedar.com and the US SEC at http://ww.sec.gov/edgar.shtml.

For additional information about Ur-Energy (TSX: URE & NYSE Amex: URG) visit our website at www..ur-energy.com or call us at 1.866.981.4588

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UR-Energy Inc

DEVELOPMENT STAGE
CODE : URE.TO
ISIN : CA91688R1082
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UR-Energy is a uranium development stage company based in United states of america.

Its main asset in development is LOST CREEK in USA.

UR-Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 236.3 millions as of today (US$ 174.3 millions, € 156.8 millions).

Its stock quote reached its highest recent level on February 23, 2007 at CA$ 5.29, and its lowest recent point on October 17, 2008 at CA$ 0.34.

UR-Energy has 145 870 000 shares outstanding.

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Annual reports of UR-Energy Inc
2007 Annual report
Financings of UR-Energy Inc
3/3/2011Provides Update on Closing Date for Offering
2/7/2011Announces CAD$30,000,000 Bought Deal Common Share Financing
Option Grants of UR-Energy Inc
12/1/2010Announces Proceeds of C$3.0M from the Exercise of Expiring E...
Nominations of UR-Energy Inc
8/2/2011Announces Appointment of Wayne Heili as Chief Executive Offi...
5/17/2011Announces the Appointment of Wayne Heili as President and CO...
Financials of UR-Energy Inc
11/3/2014Releases 2014 Q3 Financial Results
8/4/2014Releases 2014 Q2 Financial Results
3/3/2014Releases 2013 Year End Results
10/29/2013Reports Third Quarter 2013 Results
10/31/2012Reports Third Quarter 2012 Results
4/29/2011Reports First Quarter 2011 Results
Project news of UR-Energy Inc
6/24/2015(Lost Creek)Achieves One Million Pound Milestone at Lost Creek
9/19/2013(Lost Creek)Court Upholds BLM Record of Decision on Ur-Energy's Lost Cre...
8/3/2013(Lost Creek)Begins Production Operations at Lost Creek
7/12/2013Provides Pathfinder Mines Acquisition Update
4/29/2013(Lost Creek)Lost Creek Receives Additional NRC Approval, Private Mineral...
2/22/2013(Lost Creek)Provides Photos of Lost Creek ISR Project Construction Activ...
1/29/2013(Lost Creek)Provides Update on its Lost Creek ISR Uranium Mine Project
10/5/2012(Lost Creek)Lost Creek Project Now Fully Permitted Receives Record of ...
8/29/2011(Lost Creek)Progresses With Permitting of Lost Creek Project
3/14/2011(Lost Creek)Announces Uranium Sales Agreement
2/25/2011(Lost Creek)Releases Amended Preliminary Assessment on Lost Creek
1/12/2011(Lost Creek)Receives Draft NRC License for Lost Creek ISR Project
1/6/2011(Lost Creek)Delineates Deeper Resources at Lost Creek
Corporate news of UR-Energy Inc
8/1/2016July 29, 2016: Ur-Energy Releases 2016 Q2 Results; Webcast A...
8/1/2016July 25, 2016: Ur-Energy to Release 2016 Second Quarter Resu...
8/1/2016August 01, 2016: Ur-Energy to Host Webcast and Teleconferenc...
7/14/2016July 14, 2016: Ur-Energy Provides 2016 Q2 Operational Result...
6/16/2016June 08, 2016: Ur-Energy Announces Cost Savings Measures and...
6/16/2016June 06, 2016: Ur-Energy Confirms No Corporate Developments
1/27/2016January 27, 2016: Ur-Energy Announces Bought Deal Financing
1/27/2016Ur-Energy Announces Bought Deal Financing
1/14/2016Ur-Energy Provides 2015 Q4 and Year-End Operational Results ...
11/2/2015November 2, 2015: Ur-Energy to Host 2015 Third Quarter Webca...
11/2/2015Ur-Energy to Host 2015 Third Quarter Webcast and Teleconfere...
10/30/2015Ur-Energy Releases 2015 Q3 Results; Webcast November 3, 2015
10/22/2015October 22, 2015: Ur-Energy to Release 2015 Third Quarter Re...
10/22/2015Ur-Energy to Release 2015 Third Quarter Results and Host Web...
10/14/2015October 14, 2015: Ur Energy Provides 2015 Q3 Operational Res...
10/14/2015Ur-Energy Provides 2015 Q3 Operational Results and Further G...
9/16/2015September 16, 2015: Ur-Energy Confirms BLM EIS for Lost Cree...
8/20/2015August 20, 2015: Ur-Energy to Present at the Midwest IDEAS I...
8/3/2015August 3, 2015: Ur-Energy to Host 2015 Second Quarter Webcas...
8/3/2015Ur-Energy to Host 2015 Second Quarter Webcast and Teleconfer...
7/31/2015July 31, 2015: Ur-Energy Releases 2015 Q2 Results; Webcast t...
7/31/2015Ur-Energy Releases 2015 Q2 Results; Webcast to be Held Augus...
7/10/2015July 10, 2015: Ur-Energy Provides 2015 Q2 Operational Result...
7/10/2015Ur-Energy Provides 2015 Q2 Operational Results
7/6/2015June 17, 2015: Ur-Energy Announces Updated Technical Report ...
4/13/2015Provides 2015 Q1 Operational Results
4/10/2015April 10, 2015: Ur-Energy Announces Management Changes
4/10/2015Ur-Energy Announces Management Changes
3/2/2015March 2, 2015: Ur-Energy Releases 2014 Year End Results
3/2/2015Ur-Energy Releases 2014 Year End Results
1/28/2015Ur-Energy Completes Preliminary Economic Assessment on Shirl...
12/2/2014December 1, 2014: Ur-Energy to Present at the LD Micro Confe...
12/2/2014Ur-Energy to Present at the LD Micro Conference on December ...
12/2/2014to Present at the LD Micro Conference on December 4th
11/20/2014November 20, 2014: Ur-Energy Completes Final Delivery on Its...
11/20/2014Ur-Energy Completes Final Delivery on Its 2014 Sales Contrac...
11/20/2014Completes Final Delivery on Its 2014 Sales Contracts
11/7/2014Ur-Energy to Present at the Cowen and Company 5th Annual Glo...
11/6/2014November 6, 2014: Ur-Energy Announces R.A.F. Penrose Gold Me...
11/6/2014Ur-Energy Announces R.A.F. Penrose Gold Medal Awarded to Jam...
11/3/2014November 3, 2014: Ur-Energy Releases 2014 Q3 Financial Resul...
11/3/2014Ur-Energy Releases 2014 Q3 Financial Results
10/8/2014Ur-Energy Provides 2014 Q3 Operational Results
9/5/2014to Present at the Fourth Annual Euro Pacific Global Investme...
7/22/2014Announces Mineral Resource at Shirley Basin Project
7/16/2014Provides 2014 Q2 Operational Results
5/28/2014Completes Shirley Basin Confirmation Drill Program
5/22/2014Provides Additional 2014-2015 Guidance
5/1/2014Releases 2014 Q1 Results
4/22/2014Provides 2014 Q1 Operational Results
3/31/2014Announces New Vice President of Geology
3/19/2014Completes Amendment to RMBAH Loan Facility
12/31/2013(Lost Creek)Issues an Updated Preliminary Economic Assessment for Lost C...
12/16/2013s on Pathfinder Mines Acquisition
12/4/2013(Lost Creek)Ships First Production from Lost Creek
11/11/2013to Present at Cowen and Company 4th Annual Global Metals, Mi...
10/24/2013(Lost Creek)Closes US$34,000,000 State Bond Loan, Retires Earlier Debts ...
9/25/2013(Lost Creek)Lost Creek Production Rate Exceeding Expectations
9/6/2013ANNOUNCES PARTICIPATION AT THE THIRD ANNUAL EURO PACIFIC GLO...
8/28/2013Closes US$15,000,000 Loan Facility
7/3/2013Completes Additional Uranium Sales Agreement
6/25/2013Closes US$20,000,000 Loan Facility
6/17/2013Set to Join Russell 3000 Index
5/14/2013Secures Bridge Loan Facility, Provides Update on Corporate A...
3/28/2013Issues 2012 Year-End Letter to Shareholders
3/25/2013(Lost Creek)Raises Funds for Ongoing Lost Creek Construction
11/13/2012(Lost Creek)BLM's Lost Creek Record of Decision to be Reviewed
2/1/2012Announces $15 Million Private Placement
1/23/2012Enters Into New Uranium Sales Agreement
8/17/2011Announces Receipt of Final NRC License
7/20/2011Announces Start of 2011 Drilling Program
6/19/2011Set to Join Russell 3000 Index
6/18/2007Added to S&P/TSX* Global Mining Index
6/11/2007Forms Bootheel Project, LLC With Target Exploration & Mining
6/7/2007Prepays Promissory Note
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