Exhibit 12.1

 

UR-ENERGY INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)            

 

   Three                     
   Months                     
   Ended                     
   March 31,   Years ended December 31, 
   2017   2016   2015   2014   2013   2012 
                         
Income (loss) from continuing operations before provision for income taxes per statement of income   5,189    (3,027)   (4,110)   (8,694)   (30,353)   (17,558)
Add:                              
Interest on indebtedness   355    1,827    2,385    2,526    393    4 
Accretion   132    534    515    442    -    - 
Amortization of debt origination costs   30    152    177    188    5,796    - 
Income (loss) as defined   5,706    (514)   (1,033)   (5,538)   (24,164)   (17,554)
                               
Fixed Charges                              
Interest on indebtedness   355    1,827    2,385    2,526    393    4 
Amortization of debt origination costs   30    152    177    188    5,796    - 
Accretion   132    534    515    442    -    - 
Capitalized interest   -    -    -    -    1,345    - 
Total fixed charges   517    2,513    3,077    3,156    7,534    4 
                               
Ratio of earnings to fixed charges (1)   11.04     *     *     *     *     * 

 

 

(1)We did not have earnings for the five most recent fiscal years ended December 31, 2016. Accordingly, we have no ratio of earnings to fixed charges to illustrate for such periods. We have had earnings in the three months ended March 31, 2017 and therefore have included the ratio of earnings to fixed charges for that period.