FORM
51-102F3
MATERIAL
CHANGE REPORT
|
1.
|
Name
and Address of Company
|
Ur-Energy
Inc.
40 Elgin
Street, Suite 1400
Ottawa,
Ontario K1P 5K6
|
2.
|
Date
of Material Change
|
May 5,
2010
Attached
as Schedule A is a copy of the news release issued by Ur-Energy Inc. (the
“Corporation” or “Ur-Energy”) on May 5, 2009 at Denver, Colorado via Windward
Global, and by Marketwire.
|
4.
|
Summary
of Material Change
|
The
Corporation announced on May 5, 2010 the resignation of Robert Boaz as a
director of the Corporation effective immediately.
|
5.
|
Full
Description of Material Change
|
The
Corporation announced on May 5, 2010 that Robert Boaz has resigned his position
as a director of the Corporation in order that he may focus on other business
pursuits. Mr. Boaz has served as a director of the Corporation since
2006. Mr. Boaz resignation is effective immediately.
|
6.
|
Reliance
on subsection 7.1(2) or (3) of National Instrument
51-102
|
Not
applicable.
Not
applicable.
|
Paul
G. Goss
General
Counsel & Corporate Secretary
Ur-Energy
Inc.
10758
W. Centennial Road, Suite 200
Littleton,
Colorado 80127
Telephone:
(720) 981-4588
|
|
9. Date
of Report
May 5, 2010
Schedule
A
Ur-Energy
Announces Resignation of Director
Denver, Colorado (Marketwire –
May 5, 2010) Ur-Energy Inc.
(TSX:URE, NYSE Amex:URG) (“Ur-Energy” or the “Company”)
announces the resignation of Robert Boaz from the Board of Directors of the
Company.
The
Company announced today that Mr. Boaz has resigned his position as a
director of the Company in order that he may focus on other business
pursuits. Mr. Boaz has served as a director since
2006. His resignation is effective immediately.
W.
William Boberg, President and CEO of Ur-Energy stated, “We wish to thank Bob
Boaz for his service and contributions to the Ur-Energy Board over the past four
years. We wish him continuing success.”
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:
| Rich
Boberg, Director PR/HR |
Bill
Boberg, President and CEO |
| 720-981-4588,
ext. 238 |
720-981-4588,
ext. 223 |
| 866-981-4588,
ext. 238 |
866-981-4588,
ext. 223 |
| rich.boberg@ur-energyusa.com |
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 and are based on current
expectationsthat, 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.
