Ur-Energy
Chairman Broadens Ownership
Denver, Colorado (Market Wire
– May 17, 2010) Ur-Energy Inc.
(TSX:URE, NYSE Amex:URG) announces that Jeffrey T. Klenda, Chairman and
Executive Director, has increased his ownership in the Corporation.
Since the
Corporation was listed on the NYSE Amex in July 2008, Mr. Klenda has purchased
an additional 702,000 common shares of the Corporation, of which 168,800
were purchased in the current year. The total cost of acquiring the
702,000 common shares was approximately C$642,000, which represents an average
price of C$0.91 per common share.
Mr.
Klenda stated “I strongly believe in the nuclear renaissance and Ur-Energy’s
future role as a fuel provider. I want my ongoing purchases to
reflect that conviction.”
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 Public Relations | Bill Boberg, President and CEO |
| 303-269-7707 | 303-269-7755 |
| 866-981-4588 | 866-981-4588 |
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., continuation of the current ‘nuclear
renaissance’ and the Company’s role as a future fuel provider) 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.