Ur-Energy Inc. · TSX:URE
Ur-Energy — Q2 2009 Earnings Presentation
25 slides from Ur-Energy's earnings presentation, Aug 13, 2009
Slide 1: Welcome to Ur-Energy's Q2 2009 Teleconference & Webcast
Welcome to Ur-Energy’s Q2 2009 Teleconference & Webcast August 13, 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 Notes Regarding Projections and Resource Estimates
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 4 NYSE Amex: URG
Slide 5: Take Away Points
Take Away Points A REAL company with a world class team Project production Q4 2010 Long-term production pipeline strategy C$53.1M cash – no debt – safe investments Maintaining budgetary constraints to conserve funds with priority of taking Lost Creek to production by late 2010 See Disclaim er re For
Slide 6: Ur-Energy's primary objective is to move Lost Creek into production
Ur-Energy’s primary objective is to move its Lost Creek uranium project into production at the earliest opportunity with the cash on hand. Ur-Energy’s mission is to efficiently mine uranium and provide value to our shareholders while demonstrating excellence in leadership and safety, health and envi
Slide 7: Future Demand Continues to Outpace Supply
Future Demand Continues to Outpace Supply Uranium Concentrate Production in the United States 1996 - 1st Quarter 2009 U.S. uranium concentrate production totaled 3,902,383 pounds U3O8 in 2008. This amount is 14% lower than the 4,533,578 pounds produced in 2007. The US produces only 7% of the uranium
Slide 8: Share Capital & Cash Position
Share Capital & Cash Position As of June 30, 2009 (Unaudited) Shares Outstanding 93,893,607 Stock Options 7,262,605 Fully Diluted 101,156,212 Cash Position ($CDN) NYSE Amex Cash on hand* $53,122,469 *Cash is Secure in Safe Investments URG 1-year price/volume chart Average 3 Month Volume as of 08/10/
Slide 9: Discussion by Bill Boberg, President & CEO
Discussion by Bill Boberg President & CEO TSX: URE 9 NYSE Amex: URG
Slide 10: Highlights
Highlights Started 200 drill hole program to complete delineation of Mine Unit #2 Completed evaluation of potential of Lost Creek and adjacent properties. Started AMT geophysical survey at Screech Lake to better define drill targets Venture Partner Crosshair Exploration completed initial NI 43-101 r
Slide 11: Technical & Professional Expertise
Technical & Professional Expertise 25 technical professionals on staff as employees (4 Engineers, 18 Geologists and 3 Landmen) 25 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 Overview
Lost Creek Overview 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) 149 monitor/pump test wells installed Indicated resource average 19.5 ft @ 0.058% U3O8 Average depth = 425 feet Leach Efficie
Slide 14: Lost Creek Regulatory Highlights
Lost Creek Regulatory Highlights Regulatory Matters NRC License Issuance Anticipated Q2 2010 NRC GEIS issued June 2009 NRC SEIS expected Q2 2010 WDEQ Permit Issuance Anticipated Q4 2009 Development Plan Application Submitted Q2 2009 Wellfield Injection Wells UIC Permit – in discussions with WDEQ An
Slide 15: Lost Creek Regulatory Timeline
Lost Creek Regulatory Timeline (Estim ated Com pletions) See Disclaim er re Forw ard-looking Statem ents and P rojections (slides 2-3) TSX: URE 15 NYSE Amex: URG
Slide 16: Lost Creek Operational Highlights
Lost Creek Operational Highlights Mine Unit #1 Delineated in 2008 Mine Unit #2 Delineation drilling started early Q3 2009 200 drill-hole program to obtain geologic and mineralization data for mine planning within the HJ horizon Disposal Well Deep test well completed Q1 2009 Class I UIC Permit Submit
Slide 17: Lost Creek Projected Operational Plan
Lost Creek Projected Operational Plan See Disclaim er re Forw ard-looking Statem ents and P rojections (slides 2-3) TSX: URE 17 NYSE Amex: URG
Slide 18: Lost Creek Development Highlights
Lost Creek Development Highlights Detailed Engineering Process Plant Design, construction plans & specifications complete RFPs on equipment prepared and solicited Major capital acquisitions bids being evaluated Procurement of long lead-time items commenced General Construction Contractor pre-qualifi
Slide 19: Lost Creek Plant
Lost Creek Plant Based on Ur-Energy’s Completed Plans • Fully Funded • State-of-the-Art Design - Innovations • Bids Under Evaluation – Some Let • Restoration Circuit – Installed Early TSX: URE 19 NYSE Amex: URG
Slide 20: New Target Area Potential
New Target Area Lost Creek Deposit Within Permit Area Potential NI 43-101 Resource Indicated - 8.5 million tons @ 0.058% (9.8 million pounds U3O8) Inferred – 0.7 million tons @0.076% (1.1 million pounds U3O8) ~36 compiled linear miles (58 km) of multiple redox fronts Multiple sinuous fronts mainly i
Slide 21: Canadian Exploration
Canadian Exploration Screech Lake, Thelon Basin, NWT Land withdrawals settled between Federal Gov’t and Akaitcho First Nations – Opens Way for Exploration Agreements Developing partnership with Lutsel K’e Band Completing Audio-Magnetotelluric Geophysical Survey to Better Define Drill Targets MegaTEM
Slide 22: Screech Lake – 2009 Work
Screech Lake – 2009 Work TSX: URE 22 NYSE Amex: URG
Slide 23: Future Objectives
Future Objectives Pump Test of Lost Creek Mine Unit #1 (Done) X Submit Application for Lost Creek Mine Unit #1 to WDEQ Submit Class I UIC Disposal Well Permit Application to WDEQ (Done) X Obtain Approval of BLM Plan of Operations Complete Preliminary Assessment for Lost Soldier Permit &
Slide 24: 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 25: 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