BRIEF

on Ur-Energy Inc. (NASDAQ:URG)

Ur-Energy Reveals Extended Mine Life and Increased Cash Flow at Lost Creek

Ur-Energy Inc. has updated the technical report for its Lost Creek Property, estimating an extended mine life and a boost in net cash flow. The new report, effective December 31, 2025, shows a decrease in measured and indicated resources by 5.2% (649 thousand pounds) and an increase in inferred resources by 34.3% (3.550 million pounds) compared to the previous assessment. These changes come alongside an increase in mine life from 2036 to 2039.

The projected net cash flow after taxes has surged by 45.7%, reaching $442.2 million as of December 31, 2025. Additionally, the net present value post-taxes has risen by 47.4% to $244.1 million, applying an 8% discount rate. This indicates a strong economic outlook for the property's future performance.

With improved resource estimates and economic analyses, the Lost Creek Property supports its potential viability, promising significant growth prospects. The updates underscore Ur-Energy's continued efforts to enhance operations and pursue long-term development goals.

R. P.

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