Business
Ur-Energy Inc. Announces Proposed Public Offering of Common Shares and Warrants
LITTLETON, CO / ACCESSWIRE / February 15, 2023 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("U...
About this update from Ur-energy Inc.
[{"type":"text","content":"Ur-Energy Inc. Announces Proposed Public Offering of Common Shares and WarrantsLITTLETON, CO / ACCESSWIRE / February 15, 2023 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (\"Ur-Energy\") announced today that it intends to offer and sell its common shares and warrants to purchase its common shares in an underwritten public offering. In connection with this offering, Ur-Energy expects to grant the underwriters a 30-day option to purchase additional common shares and/or warrants, equal to up to 15% of the number of securities sold in the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. 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.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 will be filed with the SEC on February 15, 2023 and will be available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement (when available) and accompanying prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Ave., 6th Floor, New York, New York 10022, or by telephone at 212-829-7122, or by e-mail at [email protected] announcement is neither an offer to sell, nor a solicitation of an offer to buy, any of these securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale is unlawful. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.About Ur-Energy:Ur-Energy is a uranium mi...