Ur-energy Inc. · TSX:URE
Ur-energy — Investor Presentation (January 2010)
24 slides from Ur-energy's investor presentation, Jan 12, 2010
Slide 1: Corporate Presentation January 2010
Corporate Presentation January 2010 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: Introducing Ur-Energy
Introducing Ur-Energy Uranium Exploration and Development TSX: URE NYSE Amex: URG Ur-Energy’s primary objective is to move its Lost Creek uranium project into production. ANALYSTS COVERAGE: Canaccord Adams Eric Zaunscherb 604-699-0829 Dundee Securities David A. Talbot 416-350-3082 GMP Securities Dav
Slide 4: US Uranium Production Capacity
US Uranium Production Capacity Christensen / Irigaray (650,000 #’s) Areva / ISR (Standby) Sweetwater Mill (1 million #’s) Smith Ranch / Highland (5.5 million #’s) Rio Tinto / Conventional (Standby) Cameco / ISR (Producing) Crow Butte (1 million #’s) Cameco / ISR (Producing) Shootaring Canyon Mill (1
Slide 5: Future Demand Continues to Outpace Supply
Future Demand Continues to Outpace Supply Uranium Concentrate Production in the United States 1996 – 3rd Quarter 2009 US 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 i
Slide 6: Historical Achievements
Historical Achievements 2004 - 2005 2008 – Ur-Energy Inc. Formed – Completed NI 43-101 Preliminary – Acquired Initial Canadian Properties Assessment on LC – Acquired Initial Wyoming Properties – Received Completion Notifications of NRC – Acquired NFU Wyoming ,LLC and WDEQ Applications – Began Permit
Slide 7: Experienced & Committed Leadership
Experienced & Committed Leadership Board of Directors W. William Boberg, President, Chief Executive Officer (Professional Geologist) Jeffrey T. Klenda*, Board Chairman, Executive Director (Mining Finance) Independent Directors James M. Franklin*, Chair-Technical Committee (Professional Geologist) Pa
Slide 8: 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 481 years total resource industry experience 300 years direct ura
Slide 9: Share Capital & Cash Position
Share Capital & Cash Position As of Septem ber 30, 2009 (Unaudited) Shares Outstanding 93,940,568 Stock Options 8,382,903 Fully Diluted 102,323,471 Cash Resources NYSE Amex C$48,816,694 Secure in Safe Investments URG 1-year price/volume chart Cash per share as of 9/30/09 = ~C$0.52 Share price as of
Slide 10: Ur-Energy Project Locations
Ur-Energy Project Locations TSX: URE 10 NYSE Amex: URG
Slide 11: Lost Creek Overview
Lost Creek Overview 540 drill holes defined 1970’s discovery More than 800 drill holes drilled by Ur- Energy; 153 monitor/pump test wells installed Approx. 230 holes drilled in 2009; increased planned number (185) because finding mineralization in areas where it was not expected Indicated resource a
Slide 12: LC Preliminary Assessment
LC Preliminary Assessment Completed April 2008 Study indicates favorable economics Greatest sensitivity – uranium pricing & recovery efficiency Economic at uranium prices above $40 per pound U3O8 Summary Highlights for minimum Life of Mine (LOM) Model based on 6 mine units totaling 8.1 million pound
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 • 5% Royalty on State Lease – No Federal • Plant build-out costs projected at <US$30M • Approx. 5% local s
Slide 14: Lost Creek Operational Highlights
Lost Creek Operational Highlights US$22 million in CapEx completed Mine Unit Delineation Engineering Completed Drilling and testing of deep disposal well Ordered Key Plant Equipment 10 Ion Exchange Vessels 2 Ion Exchange polishing columns 2 Restoration columns 2 Elution columns 2 Filter presses Acqu
Slide 15: Lost Creek Projected Operational Plan
Lost Creek Projected Operational Plan (Estimated as of 10/27/09) TSX: URE See Disclaimer re Forw ard-look ing Statements and P rojections (slide 2) 15 NYSE Amex: URG
Slide 16: Status of ISL New NRC Applications
Status of ISL New NRC Applications Site App Acceptance Technical Environmental Draft SER Draft SEIS Name Rec’d Review RAIs Sent RAIs Sent Complete SEIS Complete Complete Inc Delays Moore Ranch 10/1/07 12/20/07 5/14/08 3/23/09 10/2009 10/2009 4/2010 Hank & Nichols 12/1/07 4/18/08 9/11/08 3/12/09 9/20
Slide 17: Lost Creek Regulatory Timeline
Lost Creek Regulatory Timeline (Estim ated Com pletions as of 12.07.09) See Disclaimer re Forw ard-look ing Statements and P rojections (slide 2) TSX: URE NYSE Amex: URG
Slide 18: 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 19: 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 (From Figure 16-2, Technical R eport on the Lost Soldier P roject, W yoming, C. Stew art W allis, R P A,
Slide 20: 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 relationship with Lutsel K’e Completed Audio-Magnetotelluric Geophysical Survey, and Soil Gas Hydrocarbon and Enzyme Leach
Slide 21: Market Perspective
Market Perspective 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) Market Selective on Financing Proj
Slide 22: Ur-Energy's Market Status
Ur-Energy’s Market Status Ur-Energy’s Strong Position Technical Team – Best Among North American Juniors Near-Term, Low-Cost Production (~$23.00/lb) Cash Resources, C$48.8 Million (as of 9/30/09) Cash Per Share ~C$0.52 (as of 9/30/09) Ur-Energy’s Windows of Opportunity Strategic Alliances and Consol
Slide 23: Lost Creek To Production
Lost Creek To Production NRC License Issuance Anticipated Q2 2010 NRC GEIS issued June 2009 NRC DRAFT SEIS Complete; Final SEIS Expected Q2 2010 NRC Safety and Environmental Report (DRAFT Completed) WDEQ Permit Issuance Anticipated Before NRC License County Development Plan Approved Decem ber 2009 B
Slide 24: Ur-Energy - The Right People. The Right Projects. Right Now.
Ur-Energy - The Right People. The Right Projects. Right Now. For more information, please contact: Bill Boberg, President, Chief Executive Officer & Director Jeff Klenda, Board Chairman & Director By Mail: Ur-Energy Corporate Office 10758 W. Centennial Rd., Ste. 200 Littleton, CO 80127 USA By