Ur-Energy Announces Closing of US$120 Million Offering of 4.75% Convertible Senior Notes Due 2031, Including Full Exercise of Initial Purchasers' Option to Purchase Additional Notes

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[{"type":"text","content":"LITTLETON, CO / ACCESS Newswire / December 15, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE) today announced the closing of its previously announced offering of $120 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering"), which included the exercise in full by the initial purchasers of their option to purchase an additional US$20 million of notes.","length":502,"tagName":"p"},{"type":"text","content":"Cantor Fitzgerald & Co. acted as sole book-running manager and capped call coordinator for the offering. B. Riley Securities, Inc. and H.C. Wainwright & Co., LLC acted as co-managers for the offering.","length":208,"tagName":"p"},{"type":"text","content":"Ur-Energy's CEO, Matt Gili, commented, "We are very pleased with the market's enthusiastic reception to this offering, which was oversubscribed and attracted participation from several well-known institutional investors who are new to Ur-Energy. The strong demand validates the market's confidence in our team, strategy and outlook. The notes, with an attractive annual coupon of 4.75% and a conversion price of $1.73, representing a 27.5% premium to the December 10, 2025 share price on the NYSE American, provide flexible capital to support the continued optimization of operations at Lost Creek and the start-up of our second in-situ recovery ("ISR") mine, Shirley Basin-the fifth producing ISR mine in the United States. The capped call transactions will further mitigate dilution until our share price has potentially doubled from the reference price of $1.36 per share, allowing us to fund growth while protecting shareholder value."","length":971,"tagName":"p"},{"type":"text","content":"Strategic Capital Raise","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The proceeds from this strategic capital raise are expected to strengthen our balance sheet and enhance our ability to complete the critical ramp-up of production at our Lost Creek mine and finalize construction activities at Shirley Basin.","length":240,"tagName":"p"}]},{"val":[{"type":"text","content":"Flexible, Non-Covenant Structure: The offering is structured without restrictive covenants as seen in con...

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