Ur-Energy
Announces Results of Annual and Special Meeting
Denver, Colorado (Marketwire –
July 2, 2010) Ur-Energy Inc.
(TSX:URE, NYSE Amex:URG) (“Ur-Energy” or the “Company”) is
pleased to announce that the shareholders of the Company approved all three
resolutions before them at the Annual and Special Meeting of Shareholders
(“Meeting”) held on June 24, 2010 in Littleton, Colorado. The items
of business at the Meeting included the election of Directors, reappointment of
auditors of the Company, and the resolution to approve the adoption of the
Company’s Restricted Share Unit Plan (“RSU Plan”).
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Shareholders
elected the following individuals to be Directors to the Board for the
upcoming year: W. William Boberg, James Franklin, Jeffrey Klenda, Paul
Macdonell, and Thomas Parker.
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Shareholders
approved the reappointment of PricewaterhouseCoopers LLP as auditors of
the Company until the next annual meeting of
shareholders. PricewaterhouseCoopers LLP and its affiliates
have been Ur-Energy’s auditors since December
2004.
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Shareholders
approved the Ur-Energy Inc. Restricted Share Unit Plan as adopted by the
Board of Directors on May 7, 2010. The RSU Plan is established
as a vehicle by which equity-based incentives may be awarded to attract
and retain employees, and to recognize and reward their significant
contributions to the long-term success of Ur-Energy. Increased
share ownership will also encourage alignment of the employees and
directors interests more closely with the shareholders of the
Company. The RSU Plan becomes part of the Company’s existing
overall stock-based compensation plan where the maximum number of common
shares available for issuance in the aggregate under the RSU Plan and
Company’s Option Plan, as amended, is equal to 10% of the number of common
shares of the Company issued and outstanding at the time of
grant.
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Bill
Boberg, President & CEO stated, “The management of Ur-Energy would like to
express its heartfelt gratitude to the shareholders of the Company who
participated and voted their shares, by proxy, for this year’s Annual and
Special Meeting. Your support is greatly appreciated. I particularly
want to thank the shareholders for overwhelmingly approving the RSU Plan
Resolution. We have put significant effort into building an outstanding
team of technical professionals and the RSU Plan provides us with another tool,
to be used as part of our existing stock based compensation plan for all
employees. We have issued options to all employees of the Company in the
past and now, with the RSU Plan, we will be able to provide an additional means
of providing a significant incentive as well as assuring retention of our fine
staff. Thank you, we appreciate the strong showing of
support!”
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; its registered office is in Ottawa,
Ontario. Ur-Energy’s website is www.ur-energy.com.
FOR
FURTHER INFORMATION, PLEASE CONTACT
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Rich
Boberg, Director Public Relations
303-269-7707
866-981-4588
rich.boberg@ur-energyusa.com
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Bill
Boberg, President and CEO
303-269-7755
866-981-4588
bill.boberg@ur-energyusa.com
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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 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.