Business
Ur-Energy Announces Pricing of $100 Million Offering of 4.75% Convertible Senior Notes Due 2031
Opportunistic capital raise for project development and general corporate purposes A portion of the net proceeds from this offering to be used to purchase...
About this update from Ur-energy Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Opportunistic capital raise for project development and general corporate purposes","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"A portion of the net proceeds from this offering to be used to purchase cash-settled capped calls to compensate Ur-Energy for potential economic dilution up to a cap of 100% premium above the last reported sale price of Ur-Energy's common shares on the NYSE American on the date of pricing","length":293,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":375,"olType":false},{"type":"text","content":"LITTLETON, CO / ACCESS Newswire / December 11, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE), today announced the pricing of $100 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").","length":506,"tagName":"p"},{"type":"text","content":"In addition, Ur-Energy granted the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $20 million aggregate principal amount of notes. The offering is expected to close on December 15, 2025, subject to the satisfaction of customary closing conditions.","length":373,"tagName":"p"},{"type":"text","content":"The notes will be general senior unsecured obligations of Ur-Energy and will accrue interest payable semiannually in arrears on January 15th and July 15th of each year, beginning on July 15, 2026, at a rate of 4.75% per year. The Notes will mature on January 15, 2031, unless earlier converted, redeemed or repurchased.","length":319,"tagName":"p"},{"type":"text","content":"Ur-Energy estimates that the net proceeds from the offering will be approximately $95.5 million (or approximately $114.8 million if the initial purchasers exercise their option to purchase additional notes in full) after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by Ur-Energy. Ur-Energy expects to use the net proceeds from the offering (i) to pay...