Slide 1: Ur-Energy 2016 Q2 Teleconference and Webcast
NYSE MKT: URG • TSX: URE Ur - Energy 2016 Q2 Teleconference and Webcast
Slide 2: Forward-looking statements disclaimer
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 steady - state operations ;
Slide 3: Highlights: Lost Creek, resource growth, Shirley Basin
NYSE MKT: URG • TSX: URE 3 See Disclaimer re Forward - looking Statements and Projections (slide 2) ▪ Lost Creek Resource Growth – Two 2015 Updates • Combined net increase of 4.6 million lbs. Measured & Indicated resource; 1.7 million lbs. Inferred resource • Near term resource growth will be realiz
Slide 4: Share Capital & Cash Position
NYSE MKT: URG • TSX: URE 4 Share Capital & Cash Position As of 06/30/2016 Shares Outstanding 143.6M Stock Options & RSUs 9.2M Warrants 8.2M Fully Diluted 161.0M Cash (07/28/2016) US$0.7M* Market Cap (08/01/2016) US$81.8M *$8.7M due on or before 08/04/2016 Share Price ( 08/01/2016 ) US$0.57 52 Week R
Slide 5: Lost Creek resources and increase to date
NYSE MKT: URG • TSX: URE 5 See Disclaimer re Forward - looking Statements and Projections (slide 2) Measured: 9.39 Mlbs eU 3 O 8 (in 9.74 Mt @ 0.048%) 1 Indicated: 5.22 Mlbs eU 3 O 8 (in 5 .94 Mt @ 0.044%) Inferred: 6.44 Mlbs eU 3 O 8 (in 7.37 Mt @ 0.044%) Based on grade cutoff of 0.02% eU 3 O 8 and
Slide 6: Long-term uranium sales contracts
NYSE MKT: URG • TSX: URE ▪ Cash flow is King! ▪ Multiple long - term contracts spanning 2013 - 2021 timeframe, post Fukushima • ~3.1M lbs committed 2016 – 2021 (avg. price $49.81/ lb ) ▪ De - risking by securing future revenue stream in an uncertain market • 2015 : 630,000 lbs U 3 O 8 at avg. price
Slide 7: Mine Unit Drilling and Construction
NYSE MKT: URG • TSX: URE 7 Mine Unit 1 Drilling ▪ MU1: ▪ 100% of original planned header house (HH) wells installed ▪ Utilized alternate completion methods in HH 13 ▪ Modifying completions in HHs 1 through 12 to incorporate lessons learned in HH 13 ▪ MU2: ▪ Excellent MU1 recoveries allow for deferre
Slide 8: Lost Creek Plant and U3O8 Production
NYSE MKT: URG • TSX: URE 8 2016 Q2 2016 Q1 2015 Q4 2015 Q3 Captured Lbs. 133k 159k 212k 172k Drummed Lbs. 130k 174k 189k 177k Shipped Lbs. 149k 182k 182k 184k HHs Operating 13 12 12 11 Avg. Grade 58 ppm 82 ppm 85 ppm 86 ppm U 3 O 8 Production ▪ All plant systems functional with maintenance occurring
Slide 9: Uranium production, cash costs and revenues by year
NYSE MKT: URG • TSX: URE 9 2013 2014 2015 2016 YTD thru Q2 190K lbs captured 596K lbs captured 784K lbs captured 293K lbs captured 131K lbs drummed 548K lbs drummed 727K lbs drummed 304K lbs drummed $21.98/lb cash cost * $19.73/ lb cash cost * $16.27/ lb cash cost* $ 16.46/ lb cash cost* Uranium pro
Slide 10: Inventory Cost per Pound & Pounds Drummed by Quarter
NYSE MKT: URG • TSX: URE 10 $2.30 $2.99 $2.66 $2.57 $2.68 $15.48 $16.50 $15.39 $15.85 $17.50 $9.59 $9.94 $7.18 $6.92 $8.14 183,858 176,850 189,480 173,844 130,308 - 35,000 70,000 105,000 140,000 175,000 210,000 $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 Pound
Slide 11: Cost per Pound Sold & Pricing by Quarter
NYSE MKT: URG • TSX: URE 11 $2.78 $2.59 $2.80 $2.61 $2.65 $16.15 $15.19 $15.42 $15.41 $16.88 $10.05 $10.09 $8.13 $6.71 $7.71 $36.17 $36.21 $35.45 $31.85 $27.15 $45.08 $56.39 $34.47 $36.12 $36.05 $- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 $ per Pound Quarter
Slide 12: 2016 Estimated Revenues
2016 Estimated Revenues 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2016 YE (Actual) (Actual) (Estimated) (Estimated) (Estimated) Spot pounds 50,000 50,000 100,000 Spot price $ 34.50 $ 27.00 $ 30.75 Spot sales ($000) $ 1,725 $ 1,350 $ 3,075 Contract pounds 25,000 137,000 200,000 100,000 462,000 Contract price $
Slide 13: 2016 corporate priorities
NYSE MKT: URG • TSX: URE ▪ Continued focus to attain company - wide cost savings ▪ Long - term s ales a greements • Multiple contracts t hrough 2021 • Very selective as to pricing that we will accept ▪ Demonstrated Production Profile Growth • Lost Creek resources increased by 53% M&I and 36% Inferre
Slide 14: For more information, please contact
NYSE MKT: URG • TSX: URE For more information, please contact: Jeff Klenda , Chairman & Executive Director By Mail: Ur - Energy Corporate Office 10758 W. Centennial Rd., Suite 200 Littleton, CO 80127 USA By Phone: Office 720.981.4588 Toll - Free 866.981.4588 Fax 720.981.5643 By E - mail: jeff.klenda