Ur-Energy
Begins Geophysical Surveying at Screech Lake Project
Denver, Colorado (Marketwire –
August 10, 2009) Ur-Energy Inc.
(TSX:URE, NYSE Amex:URG) (“Ur-Energy” or “the Company”) is
pleased to announce that geophysical and survey crews have started work on the
Screech Lake Project in the southern Thelon Basin, Northwest Territories,
Canada. The management of Ur-Energy would like to thank the band
council and the Lutsel K’e community for enabling the Company to carry out
ground geophysics, surveying and soil sampling activities at its Screech Lake
project.
Ur-Energy
continues discussions with First Nations groups and Aboriginal-owned business
corporations towards an exploration agreement for the Screech Lake project.
While those discussions continue, the Company is conducting a short field
program that includes an audio-magnetotelluric geophysical survey and additional
claim management with full support of the Lutsel K’e community.
Bill
Boberg, President and CEO said, “We are pleased to have had the
opportunity over the past year to develop an initial working relationship with
the Lutsel K’e community. This summer’s geophysical program will provide us with
necessary information to assist us in better planning a future drilling program.
We will continue to work closely with the community to ensure our future ability
to determine the full potential of this exciting exploration
project.”
About
Ur-Energy
Ur-Energy
is a uranium exploration and development company currently completing mine
planning and permitting activities to bring its Lost Creek Wyoming uranium
deposit into production while also planning and permitting a
two-million-pounds-per-year in situ uranium processing facility. Ur-Energy
engages in the identification, acquisition and exploration of uranium properties
in both Canada and the United States. Shares of Ur-Energy trade on the Toronto
Stock Exchange under the symbol “URE” and on the NYSE Amex under the symbol
“URG.” Ur-Energy’s corporate office is located in Littleton, Colorado and its
registered office is in Ottawa, Ontario. Ur-Energy’s website is
www.ur-energy.com.
FOR
FURTHER INFORMATION, PLEASE CONTACT:
|
Dani
Wright-Jones, Manager, Investor/Public Relations
1-720-981-4588, ext. 242
1-866-981-4588
dani.wright@ur-energyusa.com
|
Bill
Boberg, President and CEO
1-720-981-4588, ext. 223
1-866-981-4588
bill.boberg@ur-energyusa.com
|
This release may contain
“forward-looking statements” within the meaning of applicable
securities laws
regarding events or conditions that may occur in the future (e.g. ability and
timing to complete an exploration agreement for the Screech Lake project and
approval by the Mackenzie Valley Land and Water Board of an application for land
use permit; the completion and timing of exploration programs, etc.) and are
based on current expectations that, while considered reasonable by
management at this time, inherently involve a number of significant business,
economic and competitive risks, uncertainties and
contingencies. Factors that could cause actual
results to differ materially from any forward-looking statements include, but
are not limited to, capital and other costs varying significantly from
estimates; failure to establish estimated resources and reserves; the grade and
recovery of ore which is mined varying from estimates; capital and other costs
varying significantly from estimates; production rates, methods and amounts
varying from estimates; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; inflation; changes in
exchange rates; fluctuations in commodity prices; delays in development and
other factors. Readers
should not place undue reliance on forward-looking statements. The
forward-looking statements contained herein are based on the beliefs,
expectations and opinions of management as of the date hereof and Ur-Energy
disclaims any intent or obligation to update them or revise them to reflect any
change in circumstances or in management’s beliefs, expectations or opinions
that occur in the future.
