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Ur-Energy Provides Update on its Lost Creek ISR Uranium Mine Project
Published : January 29, 2013
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Keywords :   Canada | Recovery | Reliance | Uranium | X-ore |

Ur-Energy Provides Update on its Lost Creek ISR Uranium Mine Project

LITTLETON, Colo., Jan. 29, 2013 /CNW/ - Ur-Energy Inc. (TSX:URE, NYSE MKT:URG) ("Ur-Energy" or the "Company") provides the following update on construction at its Lost Creek Project and the legal proceeding filed in November seeking review of the BLM's Record of Decision (see Ur-Energy News Release, December 4, 2012).

(Logo: http://photos.prnewswire.com/prnh/20110913/LA67628LOGO)

Construction continues to advance at the Lost Creek Project, with power and roads completed to the construction site. All footings, walls and pillars are complete within the foundation of the plant building and additional work on the plant pad is continuing. Wellfield construction is progressing as planned, with work continuing to case and complete the initial production wells. Subsurface engineering work is nearing completion on both deep disposal wells drilled to date.

Steve Hatten, Vice President Operations, noted, "We are very pleased with the continued on-plan progression of construction at the Lost Creek site. I am very proud of our team's thorough advance planning, which now is allowing construction to proceed smoothly on all fronts."

In the legal proceeding pending in U.S. District Court, the Company has been granted status as a party, and filed its opposition to a motion for preliminary injunction filed by the petitioner. The State of Wyoming, also granted status as a party to the proceeding, has submitted its brief opposing the preliminary injunction. The BLM had previously filed its opposition. The motion awaits the Court's decision.

About Ur-Energy
Ur-Energy is a junior uranium mining company currently constructing its first in-situ recovery (ISR) uranium mine in south-central Wyoming at its fully licensed and permitted Lost Creek project. The Lost Creek processing facility will have two million pounds per year capacity and is anticipated to be in production mid-year 2013. Ur-Energy engages in the identification, acquisition, exploration and development of uranium projects in the United States and Canada. Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol "URE" and on the NYSE MKT 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

Wayne Heili, President and CEO

307-265-2373

866-981-4588

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., timing and outcome of the challenge to the BLM Record of Decision, including the outcome of petitioner's motion seeking a preliminary injunction; timing of completion of construction and commencement of operations at Lost Creek) 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.

SOURCE: Ur-Energy Inc.

For further information:

http://www.ur-energy.com

http://photos.prnewswire.com/prnh/20110913/LA67628LOGO

PRN Photo Desk, photodesk@prnewswire.com

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UR-Energy

DEVELOPMENT STAGE
CODE : URE.TO
ISIN : CA91688R1082
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Annual reports of UR-Energy
2007 Annual report
Financings of UR-Energy
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
12/1/2010Announces Proceeds of C$3.0M from the Exercise of Expiring E...
Nominations of UR-Energy
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
8/4/2014Releases 2014 Q2 Financial Results
3/3/2014Releases 2013 Year End Results
10/29/2013Reports Third Quarter 2013 Results
3/1/2013Reports 2012 Financial Results
10/31/2012Reports Third Quarter 2012 Results
7/29/2011Reports Second Quarter 2011 Results
4/29/2011Reports First Quarter 2011 Results
11/3/2009Announces Third Quarter 2009 Teleconference and Webcast
8/6/2009Announces Second Quarter 2009 Teleconference and Webcast
Project news of UR-Energy
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
7/27/2009(Lost Creek)Lost Creek Permitting Advances
5/6/2009(Lost Creek)Q1 2009 Update: Lost Creek Production Schedule Remains Late ...
Corporate news of UR-Energy
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
11/18/2013(Lost Creek)Announces Major Mineral Resource Expansion at Lost Creek
11/18/2013(Lost Creek)Announces Major Mineral Resource Expansion at 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
3/4/2013(Lost Creek)Court Denies Petitioner's Request to Stay Ur-Energy's Lost C...
12/4/2012(Lost Creek)Lost Creek Update
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
9/14/2011Invites you to the U2011 Uranium Symposium & Trade Show
8/17/2011Announces Receipt of Final NRC License
7/20/2011Announces Start of 2011 Drilling Program
6/19/2011Set to Join Russell 3000 Index
1/26/2011Files Amended Form 20-F (Annual Information Form) for Year-E...
1/18/2011Acquires Exploration Properties in Nebraska
12/22/2010LC South Drilling Program Defines Additional Uranium Roll Fr...
12/3/2009Approval of Lost Creek Development Plan by Sweetwater County
12/1/2009Announces New Venture at its Hauber Project with Bayswater U...
10/21/2009Congratulates Crosshair Exploration and Mining on Completion...
10/20/2009 Realizes US$1,000,000 Value From Sale of Historic Database
8/10/2009Begins Geophysical Surveying at Screech Lake Project
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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