Ur-Energy Inc. Announces Pricing of Public Offering of Common Shares and Warrants

About this update from Ur-energy Inc.

[{"type":"text","content":"Ur-Energy Inc. Announces Pricing of Public Offering of Common Shares and WarrantsLITTLETON, CO / ACCESSWIRE / February 16, 2023 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (\"Ur-Energy\") announced today the pricing of its underwritten public offering of 34,000,000 common shares and accompanying warrants to purchase up to 17,000,000 common shares, at a combined public offering price of $1.18 per common share and accompanying warrant. The exercise price per whole share purchasable from the exercise of the warrants will be $1.50 per common share, and the warrants will expire three years from the date of issuance. Ur-Energy has also granted the underwriters a 30-day option to purchase up to 5,100,000 additional common shares and/or warrants to purchase up to an aggregate of 2,550,000 common shares on the same terms. The gross proceeds to Ur-Energy from this offering are expected to be approximately $40.1 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy, and assuming no exercise of the underwriters' option to purchase additional shares or warrants. The offering is expected to close on or about February 21, 2023, subject to satisfaction of customary closing conditions. All of the securities in the offering are to be sold by Ur-Energy.Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. PI Financial Corp.; Roth Capital Partners; H.C. Wainwright & Co., LLC; and A.G.P. / Alliance Global Partners, LLC are acting as co-managers for the offering.Ur-Energy anticipates using the net proceeds from the offering to supplement working capital for ramp-up at Lost Creek, to maintain operational readiness, for possible future acquisitions or other strategic transactions and for working capital and general corporate purposes.The securities described above are being offered by Ur-Energy pursuant to a shelf registration statement on Form S-3 previously filed with and declared effective by the Securities and Exchange Commission (the \"SEC\") on December 17, 2021. A preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered have been filed with the SEC on February 15, 2023 and are available on the SEC's website at http://www.sec.gov. A final prospectus supplement will be filed with the S...

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