Ur-energy Inc. · TSX:URE
Ur-energy — Q2 2015 Earnings Presentation
14 slides from Ur-energy's earnings presentation, Aug 4, 2015
Slide 1: Ur-Energy Second Quarter 2015 Teleconference and Webcast
NYSE MKT: URG • TSX: URE Ur - Energy Second Quarter 2015 Teleconference and Webcast
Slide 2: Forward-Looking Statements
NYSE MKT: URG • TSX: URE 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 ability to maintain and improve production rate
Slide 3: Share Capital & Cash Position
NYSE MKT: URG • TSX: URE 3 Share Capital & Cash Position As of 6 /30/15 Shares Outstanding 130.48M Stock Options & RSUs 8.52M Warrants 8.37M Fully Diluted 147.37M Market Cap (8/3/15) US$89.71M Cash ( 7 /30/15) US$3.6M Share Price (8/3/15) US$0.69 52 Week Range US$.58 - $1.18 Avg. Daily Volume ~373,0
Slide 4: Maximum Anticipated US Uranium Market Requirements (2015-2024)
Maximum Anticipated US Uranium Market Requirements (2015-2024) thousand pounds UsOy equivalent 60,000 2015 2016 ©2017, 2018 += 2019-2020» 2021-2022 20232024 [== Untiled market requirements sme Maximum under purchase contracts we) Maximum anticipated market requirements ela Enrichment feed deliveries
Slide 5: Drilling Status and Mine Unit Construction Status
NYSE MKT: URG • TSX: URE 5 Drilling Status ▪ MU1 - 100% of original planned wells installed ▪ MU2 - Production well installation started ▪ Exploration – Completing 150 hole program (mid - August) Mine Unit 1 Interior of Header House Mine Unit Construction Status ▪ MU1 Surface Construction ▪ HH 1 thr
Slide 6: U3O8 Production
NYSE MKT: URG • TSX: URE 6 2014 Q3 2014 Q4 2015 Q1 2015 Q2 YTD Through July 31, 2015 Captured Lbs. 131k 150k 192k 207k 457k Drummed Lbs. 126k 117k 177k 184k 439k Shipped Lbs. 126k 102k 172k 180k 425k HHs Operating 6 7 9 10 10 Avg. Grade 144 ppm 123 ppm 110 ppm 108 ppm 107 ppm U 3 O 8 Production ▪ 1,
Slide 7: U3O8 Production and Revenues from Operations
NYSE MKT: URG • TSX: URE 7 2013 2014 2015 Q1 2015 Q2 190K lbs captured 596K lbs captured 192K lbs captured 207K lbs captured 131K lbs drummed 548K lbs drummed 177K lbs drummed 184k lbs drummed $21.98/lb cash cost * $19.73/ lb cash cost * $18.86/lb cash cost * $16.15/ lb cash cost * U 3 O 8 Productio
Slide 8: NI Technical Report Increases MU1 Resources
NYSE MKT: URG • TSX: URE ▪ NI 43 - 101 Technical Report increases MU1 resources * Added 2.3 Mlbs Measured resources from development drilling and lower GT cut - off. Net increase to MU1 of 1.3 Mlbs Measured resource after production accounting (55% increase). ▪ 2015 Exploration Program is 60% comple
Slide 9: Current Lost Creek Property Resources
NYSE MKT: URG • TSX: URE ▪ Current Lost Creek Property Resources * • Measured - 6.2 Mlbs . @ 0.049% eU3O8 • Indicated – 3.9 Mlbs . @ 0.047% eU3O8 • Inferred – 5.0 Mlbs . @ 0.049 % eU3O8 ▪ Overall resources to be updated using lowered GT cut - off of 0.20 ▪ Resource Update and Technical Report expect
Slide 10: Shirley Basin Acquisition and Resources
NYSE MKT: URG • TSX: URE ▪ Purchase closed in December 2013 ▪ On patented mining claims – we own the ground ▪ 8.8 million pounds, shallow, high grade roll front deposit ▪ ISR amenable mineralization ▪ Baseline data for permit amendments nearing completion 10 See Disclaimer re Forward - looking State
Slide 11: Cash Cost per Pound by Quarter
NYSE MKT: URG • TSX: URE 11 ▪ Cash cost per pound falling quarter - over - quarter (Q1 $18.86, Q2 $16.15) ▪ All - in costs below $30 ▪ Margins improving $- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 $70.00 2014 Q3 2014 Q4 2015 Q1 2015 Q2 Cost per Pound Quarter Cost per Pound by Quarter Ad valorem and
Slide 12: Ending Inventory by Quarter
NYSE MKT: URG • TSX: URE 12 Increasing operational efficiencies (steady state) permits ▪ b uilding inventory ▪ d iscretionary spot sales ▪ l ower cash cost per pound in ending inventory (Q2 $15.48) $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 - 20,000 40,000 60,000 80,000
Slide 13: Priorities: Cost Reductions, Long-Term Sales Agreements, M&A
NYSE MKT: URG • TSX: URE ▪ Reductions in G & A (other c ost s avings) ▪ Long term s ales a greements • Now 11 contracts t hrough 2021 • Very selective as to pricing that we will accept ▪ CEO position s tatus ▪ M & A activities ▪ No equity f inancing 13
Slide 14: For more information, please contact
NYSE MKT: URG • TSX: URE For more information, please contact: Jeff Klenda , Board Chairman & Executive Director, Acting CEO Rich Boberg , Senior Director of Investor and Public Relations By Mail: Ur - Energy Corporate Office 10758 W. Centennial Rd., Suite 200 Littleton, CO 80127 USA By Phone: Offic