UR-ENERGY Business Summary

UR-Energy Inc. (URG) is a junior uranium mining company primarily engaged in the identification, acquisition, and operation of uranium mineral properties using low-cost in-situ recovery (ISR) technology. The company generates revenue through the sale of triuranium octoxide (U3O8) concentrates, commonly known as yellowcake, to major nuclear utilities under a robust portfolio of eight multi-year sales agreements. Its primary business segments are centered on its Wyoming-based assets: the operational Lost Creek ISR facility and the Shirley Basin project, the latter of which is transitioning into production in early 2026 to significantly expand the company's annual licensed capacity to approximately 2.2 million pounds. UR-Energy competes directly with other North American producers such as Energy Fuels (UUUU), Uranium Energy Corp (UEC), and enCore Energy (EU). Within this landscape, UR-Energy distinguishes itself as a pure-play domestic producer with a proven track record of commercial production and a high-margin contract book that provides revenue visibility through 2033. The leadership team is led by Chief Executive Officer Matthew Gili, a seasoned mining executive who assumed the role in December 2025 following a tenure as President; Gili brings over two decades of experience from senior roles at i-80 Gold, Barrick, and Rio Tinto. He is supported by Chief Financial Officer Roger L. Smith and Chief Operating Officer Steven M. Hatten, an ISR specialist with over 30 years of industry experience. In January 2026, the executive suite was further strengthened by the appointment of Alex Ritchie as General Counsel. The board is chaired by John W. Cash, the company’s former CEO and a prominent figure in the Uranium Producers of America, who remains a strategic advisor. Notable institutional backing includes significant positions held by ALPS Advisors, Segra Capital Management, and the Sprott Uranium Miners ETF, reflecting strong investor confidence in the company’s operational ramp-up and strategic positioning within the U.S. nuclear fuel supply chain.