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UR-ENERGY ANNOUNCES DELAY FILING YEAR-END REPORTING DOCUMENTS
UR-ENERGY ANNOUNCES DELAY FILING YEAR-END REPORTING DOCUMENTS Canada NewsWire ...
About this update from Ur-energy Inc.
[{"type":"text","content":"\n\n\n\n UR-ENERGY ANNOUNCES DELAY FILING YEAR-END REPORTING DOCUMENTS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n LITTLETON, CO\n \n\n ,\n \n\n March 31, 2025\n \n\n /CNW/ - Ur-Energy Inc. (NYSE American: URG) (TSX: URE) (\"Ur-Energy\" or the \"Company\") announces there is a delay in the filing of its annual financial statements for the year ended\n \n December 31, 2024\n \n and related management's discussion and analysis (collectively, the \"Financial Statements\") and the annual information form and Annual Report on Form 10-K, and the CEO and CFO certificates relating to the Financial Statements (the \"Required Filings\") beyond the prescribed filing deadlines.\n \n\n\n\n\n\n\n\n\n The delay in filing the Required Filings is due to an accounting issue identified by the Company, resulting in the need for the Company to classify certain stock options awarded under its Amended and Restated Stock Option Plan (2005), as amended, as a liability. The non-cash reclassification from equity to liabilities and a possible adjustment to stock compensation expense will impact the Company's outstanding options in the latter half of 2024. For clarity, the Company does not currently anticipate a restatement of its Consolidated Financial Statements for the year ended\n \n December 31\n \n , 2023.\n \n\n Management is undertaking the required work to expeditiously complete this accounting matter and to obtain final consents from its external auditors and proceed to file the Required Filings for 2024 within the prescribed timeframe. The Company expects to be in a position to issue and file the Required Filings by no later than\n \n April 14, 2025\n \n .\n \n\n As a result of the Required Filings not being filed by\n \n March 31, 2025\n \n , the Company has made an application for the imposition of a management cease trade order (\"MCTO\") as contemplated under the Canadian National Policy 12-203 – Management Cease Trade Orders (\"NP 12-203\"); however there is no assurance that it will be granted. An MCTO provides a mechanism restric...