UR-ENERGY INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>UR-ENERGY INC. filed its quarterly report (10-Q) for the period ending March 31, 2024</b>.

AI Summary

UR-ENERGY INC (URG) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. UR-ENERGY INC. reported financial results for the quarter ended March 31, 2024. The company's fiscal year ends on December 31. UR-ENERGY INC. is in the Gold & Silver Ores industry (SIC 1040). The filing is a 10-Q, indicating a quarterly report. The filing was submitted on May 6, 2024.

Why It Matters

For investors and stakeholders tracking UR-ENERGY INC, this filing contains several important signals. This 10-Q filing provides investors with an update on UR-ENERGY INC.'s financial performance and operational status during the first quarter of 2024. As a company in the Gold & Silver Ores sector, this report is crucial for stakeholders tracking the company's progress in resource extraction and sales.

Risk Assessment

Risk Level: low — UR-ENERGY INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags, indicating a routine disclosure for UR-ENERGY INC.

Analyst Insight

Monitor future filings for detailed financial performance and operational updates from UR-ENERGY INC. in the gold and silver mining sector.

Financial Highlights

revenue

270898900

total Assets

281626324

Key Numbers

• 2024-03-31 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-06 — Filing Date (FILED AS OF DATE)
• 1040 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
• 10-Q — Form Type (FORM TYPE)

Key Players & Entities

• UR-ENERGY INC (company) — FILER
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-05-06 (date) — FILED AS OF DATE
• 0001375205 (company) — CENTRAL INDEX KEY
• 1040 (industry) — STANDARD INDUSTRIAL CLASSIFICATION
• 10-Q (form) — FORM TYPE
• 001-33905 (filing_number) — SEC FILE NUMBER
• Littleton (location) — CITY

FAQ

Industry Context

UR-ENERGY INC. operates in the Gold & Silver Ores industry, focusing on the extraction and sale of these precious metals.

Regulatory Implications

As a publicly traded company, UR-ENERGY INC. is subject to SEC regulations and reporting requirements, including the filing of quarterly 10-Q reports.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze UR-ENERGY INC.'s operational performance and any forward-looking statements.
3. Compare UR-ENERGY INC.'s Q1 2024 results with previous quarters and industry benchmarks.

Key Dates

• 2024-03-31: Quarterly Report End Date — Marks the end of the reporting period for the 10-Q filing.
• 2024-05-06: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the first quarterly report (10-Q) for UR-ENERGY INC. in the fiscal year 2024, providing updated financial and operational data compared to the previous fiscal year's filings.

Filing Documents

• urg_10q.htm (10-Q) — 1232KB
• urg_ex311.htm (EX-31.1) — 9KB
• urg_ex312.htm (EX-31.2) — 9KB
• urg_ex321.htm (EX-32.1) — 5KB
• urg_ex322.htm (EX-32.2) — 4KB
• 0001654954-24-005635.txt (&nbsp;) — 4953KB
• urg-20240331.xsd (EX-101.SCH) — 57KB
• urg-20240331_lab.xml (EX-101.LAB) — 269KB
• urg-20240331_cal.xml (EX-101.CAL) — 49KB
• urg-20240331_pre.xml (EX-101.PRE) — 231KB
• urg-20240331_def.xml (EX-101.DEF) — 124KB
• urg_10q_htm.xml (XML) — 744KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 5 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 38

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 39 Item 1A.

Risk Factors

Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 3. Defaults Upon Senior Securities 39 Item 4. Mine Safety Disclosure 39 Item 5. Other Information 39 Item 6. Exhibits 40

SIGNATURES

SIGNATURES 41 2 Table of Contents When we use the terms "Ur-Energy," "we," "us," or "our," or the "Company" we are referring to Ur-Energy Inc. and its subsidiaries, unless the context otherwise requires. Throughout this document we make statements that are classified as "forward-looking." Please refer to the "Cautionary Statement Regarding Forward-Looking Statements" section below for an explanation of these types of assertions. Cautionary Statement Regarding Forward-Looking Information This report on Form 10-Q contains "forward-looking statements" within the meaning of applicable United States ("U.S.") and Canadian securities laws, and these forward-looking statements can be identified by the use of words such as "expect," "anticipate," "estimate," "believe," "may," "potential," "intends," "plans" 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 safe and compliant operations at Lost Creek; (ii) the timing for ongoing construction and development work at Lost Creek, including the schedule for bringing additional header houses online; (iii) our ability to reach steady state higher production levels at Lost Creek in a timely and cost-effective manner including timely delivery into our contracts; (iv) development and construction priorities and timelines for Shirley Basin, and whether our current projections for buildout can to be met; (v) the ability to complete additional favorable uranium sales agreements; (vi) the ti

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS Ur-Energy Inc. Interim Consolidated Balance Sheets (expressed in thousands of U.S. dollars) (the accompanying notes are an integral part of these consolidated financial statements) Note March 31, 2024 December 31, 2023 Assets Current assets Cash and cash equivalents 3 53,896 59,700 Current portion of lease receivable (net) 78 77 Inventory 4 4,698 2,571 Prepaid expenses 1,347 1,321 Total current assets 60,019 63,669 Non-current assets Lease receivable (net) 194 208 Restricted cash 5 8,641 8,549 Mineral properties 6 34,938 34,906 Capital assets 7 21,148 21,044 Total non-current assets 64,921 64,707 Total assets 124,940 128,376 Liabilities and shareholders' equity Current liabilities Accounts payable and accrued liabilities 8 4,842 2,366 Current portion of notes payable 9 - 5,694 Current portion of warrant liability 10 - 1,743 Current portion of lease liability 169 162 Environmental remediation accrual 63 69 Total current liabilities 5,074 10,034 Non-current liabilities Warrant liability 10 10,913 11,549 Asset retirement obligations 11 31,367 31,236 Lease liability 640 687 Total non-current liabilities 42,920 43,472 Shareholders' equity Share capital 12 322,213 302,182 Contributed surplus 20,184 19,881 Accumulated other comprehensive income 4,001 3,718 Accumulated deficit ( 269,452 ) ( 250,911 ) Total shareholders' equity 76,946 74,870 Total liabilities and shareholders' equity 124,940 128,376 5 Table of Contents Ur-Energy Inc. Interim Consolidated Statements of Operations and Comprehensive Loss (expressed in thousands of U.S. dollars, except share data) (the accompanying notes are an integral part of these consolidated financial statements) Three Months Ended March 31, Note 2024 2023 Sales 13 - 6,447 Cost of sales 14 ( 1,139 ) ( 6,504 ) G

View Full Filing

View this 10-Q filing on SEC EDGAR