UR-ENERGY INC. Files 10-K for Fiscal Year Ended December 31, 2023

Ticker: URG · Form: 10-K · Filed: Mar 6, 2024 · CIK: 1375205

Sentiment: neutral

Topics: 10-K, UR-ENERGY INC., Financials, Uranium, SEC Filing

TL;DR

<b>UR-ENERGY INC. filed its 2023 10-K, reporting $270.9M in assets and $34.9M in revenue.</b>

AI Summary

UR-ENERGY INC (URG) filed a Annual Report (10-K) with the SEC on March 6, 2024. UR-ENERGY INC. reported total assets of $270,898,900 for the fiscal year ended December 31, 2023. The company's total debt was $224,699,621 for the fiscal year ended December 31, 2023. UR-ENERGY INC. had a net income of $8,574,904 for the fiscal year ended December 31, 2023. Earnings per share (EPS) for the fiscal year ended December 31, 2023, was $0.66. The company's revenue for the fiscal year ended December 31, 2023, was $34,892,000.

Why It Matters

For investors and stakeholders tracking UR-ENERGY INC, this filing contains several important signals. The filing provides a comprehensive overview of UR-ENERGY INC.'s financial performance and position for the fiscal year 2023, including key metrics like revenue, net income, and total assets. Investors can use this 10-K to assess the company's financial health, operational efficiency, and potential risks and opportunities in the gold and silver ores industry.

Risk Assessment

Risk Level: medium — UR-ENERGY INC shows moderate risk based on this filing. The company's significant total debt of $224,699,621 relative to its total assets of $270,898,900 indicates a moderate level of financial leverage and potential risk.

Analyst Insight

Monitor UR-ENERGY INC.'s debt repayment strategies and revenue growth to assess its ability to manage its financial obligations.

Financial Highlights

revenue
34892000
total Assets
270898900
total Debt
224699621
net Income
8574904
eps
0.66

Key Numbers

Key Players & Entities

FAQ

When did UR-ENERGY INC file this 10-K?

UR-ENERGY INC filed this Annual Report (10-K) with the SEC on March 6, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by UR-ENERGY INC (URG).

Where can I read the original 10-K filing from UR-ENERGY INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by UR-ENERGY INC.

What are the key takeaways from UR-ENERGY INC's 10-K?

UR-ENERGY INC filed this 10-K on March 6, 2024. Key takeaways: UR-ENERGY INC. reported total assets of $270,898,900 for the fiscal year ended December 31, 2023.. The company's total debt was $224,699,621 for the fiscal year ended December 31, 2023.. UR-ENERGY INC. had a net income of $8,574,904 for the fiscal year ended December 31, 2023..

Is UR-ENERGY INC a risky investment based on this filing?

Based on this 10-K, UR-ENERGY INC presents a moderate-risk profile. The company's significant total debt of $224,699,621 relative to its total assets of $270,898,900 indicates a moderate level of financial leverage and potential risk.

What should investors do after reading UR-ENERGY INC's 10-K?

Monitor UR-ENERGY INC.'s debt repayment strategies and revenue growth to assess its ability to manage its financial obligations. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,468 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2024-03-06 06:59:11

Filing Documents

Risk Factors

Risk Factors 34 Item 1B. Unresolved Staff Comments 46 Item 1C. Cybersecurity 46 Item 3.

Legal Proceedings

Legal Proceedings 47 Item 4. Mine Safety Disclosure 47 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 48 Item 6. Reserved 48 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 49 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 68 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 71 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 71 Item 9A.

Controls and Procedures

Controls and Procedures 71 Item 9B. Other Information 72 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 72 PART III Item 10. Directors, Executive Officers and Corporate Governance 73 Item 11.

Executive Compensation

Executive Compensation 73 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 73 Item 13. Certain Relationships and Related Transactions, and Director Independence 73 Item 14. Principal Accounting Fees and Services 73 PART IV Item 15. Exhibits and Financial Statement Schedules 74 Item 16. Form 10-K Summary 76

Signatures

Signatures 77 2 Table of Contents When we use the terms "Ur-Energy," "we," "us," "our," or the "Company," we are referring to Ur-Energy Inc. and its subsidiaries, unless the context otherwise requires. We have included technical terms important to an understanding of our business under "Glossary of Common Terms" at the end of this section. Throughout this document we make statements that are classified as "forward-looking." Please refer to the "Cautionary Statement Regarding Forward-Looking Statements" section of this document for an explanation of these types of assertions. Cautionary Statement Regarding Forward-Looking Statements This annual report on Form 10-K contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable Canadian securities laws, and these forward-looking statements can be identified by the use of words such as "expect," "anticipate," "estimate," "believe," "may," "potential," "intend," "plan" and other similar expressions or statements that an action, event or result "may," "could" or "should" be taken, occur or be achieved, or the negative thereof or other similar statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by these forward-looking statements. Such statements include, but are not limited to: (i) the ability to maintain operations at Lost Creek in a safe and compliant fashion; (ii) the ability to readily and cost-effectively complete our return to full-production operations at Lost Creek, in the face of labor shortages, inflationary costs and supply chain issues without affecting our production plan or ability to deliver into our sales commitments; (iii) the timing to determine additional dev

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