Ur-Energy Inc. · TSX:URE
Ur-Energy — Q1 2009 Earnings Presentation
22 slides from Ur-Energy's earnings presentation, May 7, 2009
Slide 1: Q1 2009 Update Webcast
Q1 2009 Update Webcast May 7, 2009 TSX: URE TSX: URE NYSE Amex: URG NYSE Amex: URG
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking statements,” within the meaning of applicable securities laws, regarding events or conditions that may occur in the future. Such statements include without limitation the Company’s timeframe for events leading to and culminating in the commencem
Slide 3: Cautionary Note Regarding Projections
Cautionary Note Regarding Projections: similarly, this Presentation also may contain projections relating to an extended future period and, accordingly, the estimates and assumptions underlying the projections are inherently highly uncertain, based on events that have not taken place, and are subjec
Slide 4: Discussion by Jeff Klenda, Chairman of the Board
Discussion by Jeff Klenda Chairman of the Board TSX: URE NYSE Amex: URG
Slide 5: Take Away Points
Take Away Points A REAL company with a world class team Project production in 2010 Long-term production pipeline strategy C$59.1M cash – no debt – safe investments Maintaining budgetary constraints to conserve funds with priority of taking Lost Creek to production in 2010 See Disclaimer re Forward-l
Slide 6: Primary objective: move Lost Creek into production
Ur-Energy’s primary objective is to move its Lost Creek uranium project into production at the earliest opportunity with the cash on hand. Ur-Energy’s mission is to efficiently mine uranium and provide value to our shareholders while demonstrating excellence in leadership and safety, health and envi
Slide 7: A Critical Niche Exists
A Critical Niche Exists Future Demand Continues to Outpace Supply • 2008 US production only 7% of US requirements • 2008 US production fell 13% below 2007 production • Projections of increased global production have continually fallen short Uncovered Utility Uranium Metric Tonnes U Lost Soldier Prod
Slide 8: Share Capital & Cash Position
Share Capital & Cash Position As of March 31, 2009 (Unaudited) Shares Outstanding 93,893,607 Stock Options 7.289.573 Fully Diluted 101,183,180 NYSE Amex Cash Position ($CDN) Cash on hand* $59,135,563 *Cash is Secure in Safe Investments URG 1-year price/volume chart TSX Average 3 Month Volume as of 0
Slide 9: Q1 2009 Highlights
Q1 2009 Highlights Corporate • Held Annual and Special Shareholders Meeting • Approved Shareholder Rights Plan • Continued to exercise budgetary control • Hired additional essential personnel TSX: URE 9 NYSE Amex: URG
Slide 10: Discussion by Bill Boberg, President & CEO
Discussion by Bill Boberg President & CEO TSX: URE NYSE Amex: URG
Slide 11: Technical & Professional Expertise
Technical & Professional Expertise 25 technical professionals on staff as employees (4 Engineers, 18 Geologists and 3 Landmen) 22 Management and Legal Professionals and Support Staff Highly experienced technical professional employees 453 years total resource industry experience 272 years direct ura
Slide 12: Ur-Energy Project Locations
Ur-Energy Project Locations TSX: URE 12 NYSE Amex: URG
Slide 13: Lost Creek Site
Lost Creek Site Kennecott / Rio Tinto Sweetwater Mill – 3 miles south (NRC Licensed Facility on Standby) • 201 federal mining claims and 1 state lease • Processing plant – Up to 2M lbs per year • No royalty to federal government • Plant build-out costs projected at US$30M • State lease has 5% royalt
Slide 14: Q1 2009 Lost Creek Highlights
Q1 2009 Lost Creek Highlights Regulatory Matters – ON TRACK NRC License Issuance Anticipated by Q4 – 2009 NRC GEIS on schedule for issuance in June 2009 LC License application to be tiered off GEIS within about 3 months Submitted Technical Review responses to Requests for Additional Information (RAI
Slide 15: Lost Creek Regulatory Timeline
Lost Creek Regulatory Timeline (Estimated Completions) See Disclaimer re Forward-looking Statements and Projections (slides 2-3) TSX: URE 15 NYSE Amex: URG
Slide 16: Q1 2009 Lost Creek Highlights - continued
Q1 2009 Lost Creek Highlights - continued Mine Unit #1 Preparing Monitoring Wells 67 monitor/pump test/water wells were placed in 2008 Mechanical Integrity Testing Well Bore Cleaning (Swabbing) Installation of Submersible Pumps Commencement of Baseline Sampling (1 of 4 rounds complete) Project Devel
Slide 17: Lost Creek Projected Operational Plan
Lost Creek Projected Operational Plan Projected Construction Approval Q4, 2009 Projected Startup Q4, 2010 See Disclaimer re Forward-looking Statements and Projections (slides 2-3) TSX: URE 17 NYSE Amex: URG
Slide 18: Q1 2009 Lost Creek Highlights - continued
Q1 - 2009 Lost Creek Highlights - continued Disposal Well Development Deep test well installed in Q4 – 2008 was completed in Q1 – 2009 Well testing provided the following data Formation Stratigraphy Reservoir Extent and Properties Water Quality Well Injection Rate Assessment Permit submittal anticip
Slide 19: Lost Creek Plant
Lost Creek Plant Based on Ur-Energy’s Completed Plans TSX: URE 19 NYSE Amex: URG
Slide 20: Future Objectives
Future Objectives Pump Test of Lost Creek Mine Unit #1 (Done) X Submit Application for Lost Creek Mine Unit #1 to WDEQ Obtain Approval of BLM Plan of Operations Complete Preliminary Assessment for Lost Soldier Obtain Lost Creek Source Material License from NRC Obtain Lost Creek Permit &
Slide 21: Opportunity is Knocking
Opportunity is Knocking A Perfect Storm Global Financial De-Leveraging Continues Nuclear Renaissance Underway – Further Increasing Demand Global Recession Expanding without “Demand Destruction” in Uranium Uranium Spot Price Below Cost of Production (with few exceptions) Ur-Energy’s Strong Position T
Slide 22: Thank You For Your Interest In Ur-Energy!
Thank You For Your Interest In Ur-Energy! For more information, please contact: Bill Boberg, President, Chief Executive Officer & Director Jeff Klenda, Board Chairman & Director Dani Wright-Jones, Manager, Investor/Public Relations By Mail: Ur-Energy Corporate Office 10758 W. Centennial Rd., Ste