Ur-Energy Inc. · TSX:URE
Ur-Energy — Corporate Update (February 2009)
21 slides from Ur-Energy's corporate update, Feb 17, 2009
Slide 1: Project Update Webcast Q4 2008
Project Update Webcast Q4 2008 thru February 17, 2009 11:00 AM (EST) February 18, 2009 TSX: URE TSX: URE NYSE Alt US: URG NYSE Alt US: 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: Primary objective: move Lost Creek uranium project 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 5: A Critical Niche Exists
A Critical Niche Exists Future Demand Continues to Outpace Supply Lost Soldier Production Uncovered Utility Uranium Metric Tonnes U Lost Creek Production Requirements U.S. produces only 8% of the uranium it consumes! Primary Mine Production UxC – March 2, 2008 NUKEM – Sprott Uranium Conference 20-21
Slide 6: US Market Fundamentals
US Market Fundamentals • 2007 production only 8% of US requirements • 2008 production fell 13% below 2007 production P = Preliminary data. Notes: The reported 4th quarter 2002 production amount was adjusted by rounding to the nearest 100,000 pounds to avoid disclosure of individual company data. Thi
Slide 7: Technical & Professional Expertise
Technical & Professional Expertise 26 technical professionals on staff as employees (5 Engineers, 18 Geologists and 3 Landmen) 18 Management and Legal Professionals and Support Staff Highly experienced employees (Geology & Engineering) 639 years total mineral industry experience 299 years direct ura
Slide 8: 2008 – Early 2009 Corporate Highlights
2008 – Early 2009 Corporate Highlights (as of February 17, 2009) • Completed In-House Economic Analysis • Obtained NI 43-101 Preliminary Assessment for Lost Creek • Lost Creek NRC Source Material License and WDEQ Permit and License to Mine Applications Deemed Complete • Began Trading on NYSE Alterne
Slide 9: Share Capital & Cash Position
Share Capital & Cash Position As of Decem ber 31, 2008 (unaudited) Shares Outstanding 93,243,607 Stock Options 6,252,500 Fully Diluted 99,496,107 NYSE-Alt Average 3 Month Volume as of 02/17/09 - exchanges combined ~460,000+ shares/day URG To-Date price/volume chart (began 7/24/08) Cash Position ($CD
Slide 10: Ur-Energy Project Locations
Ur-Energy Project Locations TSX: URE 10 NYSE Alt US: URG
Slide 11: Lost Creek
Lost Creek 540 drill holes defined 1970’s discovery 255 holes completed in 2007 156,422 feet (47,675 meters) 459 holes completed in 2008 303,040 feet (92,367 meters) 123 monitor/pump test wells installed Indicated resource average 19.5 ft @ 0.058% U3O8 Average depth = 425 feet 2 primary zones Leach
Slide 12: 2008 Lost Creek Highlights
2008 Lost Creek Highlights Regulatory Matters NRC License Application Accepted as Complete GEIS on schedule for issuance in June 2009 License applications to be tiered off GEIS within 2 -3 months Environmental Review underway (comments expected shortly) Technical Review Responses to Requests for Add
Slide 13: 2008 Lost Creek Highlights, Continued
2008 Lost Creek Highlights, Continued Delineation of Mine Unit #1 & a portion of Mine Unit #2 300 delineation holes within proposed Mine Unit #1 LC0254 – GT = 4.05 (45.5 Feet 0.089% eU308) LC0327 – GT = 3.36 (40.0 feet 0.084% eU308) LC0450 – GT = 3.83 (17.0 feet of 0.225% eU308) LC0457 – GT = 1.82 (
Slide 14: Lost Creek Processing Plant Site
Lost Creek Processing Plant Site Kennecott / Rio Tinto Sweetwater Mill – 3 miles south NRC Licensed Facility on Standby Processing plant – Up to 2M lbs per year Plant construction in two phases US$17M development program in 2008 Plant build-out costs projected at US$30M NOTE: No “NIMBY” Issu
Slide 15: Lost Creek Regulatory Requirements Estimated Completions
Lost Creek Regulatory Requirements Estimated Completions See Disclaimer re Forward-looking Statements and Projections (slides 2-3) TSX: URE 15 NYSE Alt US: URG
Slide 16: Lost Creek Projected Operational Plan
Lost Creek Projected Operational Plan 2009 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Construction Permits BLM NRC WDEQ Engineering Projected Infrastructure Construction Plant Approval Q4, 2009 Mine Unit 1 Mine Unit 2 Staffing Projected Drilling/Geology Startup Construction Q4, 2010 Operations Purchasing Infrastr
Slide 17: Lost Creek Plant
Lost Creek Plant Based on Ur-Energy Detail Completed Plans TSX: URE 17 NYSE Alt US: URG
Slide 18: Lost Soldier
Lost Soldier M & I resource average 17.2 ft @0.065% U3O8 Average 240 feet deep 2 primary zones Leach Efficiency 49% - 84% Over 4000 drill holes define deposit 17 monitor/pump test wells installed To be Completed by URE Engineering Detailed Geologic Mapping Detailed Mine Design Preliminary Assessment
Slide 19: 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 20: Opportunity is Knocking
Opportunity is Knocking A Perfect Storm Global Financial De-Leveraging Continues Global Recession Expanding without “Demand Destruction” in Uranium Uranium Spot Price Below Cost of Production (with few exceptions) Nuclear Renaissance Underway – Further Increasing Demand Ur-Energy’s Strong Position T
Slide 21: 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 Jeff Klenda, Board Chairman & Director Dani Wright, Manager, Investor/Public Relations By Mail: Ur-Energy Corporate Office 10758 W. Centennial Rd., Ste. 200 Littleton,