Ur-Energy Inc (URG) grants stock options and RSUs to officer

Rhea-AI Filing Summary

Ur-Energy Inc officer equity awards On 12/22/2025, an officer of Ur-Energy Inc, serving as General Counsel and Corporate Secretary, received new equity incentives. The officer was granted common share options to buy 139,299 common shares at an exercise price of $1.4657 per share, which equals $2.02 Canadian dollars based on an exchange rate of Cdn$1.00 = US$0.7256. These options vest in three equal installments of 46,433 options on 12/22/2026, 12/22/2027, and 12/22/2028, and expire on 12/22/2030.

The officer also received 34,826 restricted share units, each exchangeable for one common share upon vesting. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027. After these transactions, the officer beneficially owned 574,725 derivative securities in the form of options and 93,367 restricted share units, all held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GOPLERUD PENNE A

Role Gen Counsel and Corp Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common share options (right to buy)	139,299	$0.00	--
Grant/Award	Restricted share units (exchange for common shares)	34,826	$0.00	--

Holdings After Transaction: Common share options (right to buy) — 574,725 shares (Direct); Restricted share units (exchange for common shares) — 93,367 shares (Direct)

Footnotes (1)

1. The options were priced at $2.02 Canadian dollars; $1.4657 U.S. dollars is the equivalent of the exercise price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7256) www.bankofcanada.ca. The options will vest and become exercisable as follows: 46,433 on 12/22/2026; 46,433 on 12/22/2027; and 46,433 on 12/22/2028. Each unit is redeemable upon vesting for one common share. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 per the terms of the plan.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GOPLERUD PENNE A

(Last) (First) (Middle)

10758 W. CENTENNIAL ROAD

SUITE 200

(Street)

LITTLETON CO 80127

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UR-ENERGY INC [ URG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Gen Counsel and Corp Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common share options (right to buy)	$1.4657(1)	12/22/2025		A		139,299		(2)	12/22/2030	Common Shares	139,299	$0	574,725	D
Restricted share units (exchange for common shares)	(3)	12/22/2025		A		34,826		(4)	(4)	Common Shares	34,826	$0	93,367	D

Explanation of Responses:

1. The options were priced at $2.02 Canadian dollars; $1.4657 U.S. dollars is the equivalent of the exercise price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7256) www.bankofcanada.ca.

2. The options will vest and become exercisable as follows: 46,433 on 12/22/2026; 46,433 on 12/22/2027; and 46,433 on 12/22/2028.

3. Each unit is redeemable upon vesting for one common share.

4. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 per the terms of the plan.

	/s/ Roger L. Smith Roger L. Smith pursuant to Power of Attorney	12/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider equity awards did Ur-Energy Inc (URG) report on 12/22/2025?

An officer of Ur-Energy Inc received two types of equity awards on 12/22/2025: common share options on 139,299 shares and 34,826 restricted share units, each unit exchangeable for one common share.

What are the terms of the Ur-Energy (URG) stock options granted on 12/22/2025?

The common share options cover 139,299 common shares at an exercise price of $1.4657 per share, equivalent to $2.02 Canadian dollars. They vest in three tranches of 46,433 options on 12/22/2026, 12/22/2027, and 12/22/2028, and expire on 12/22/2030.

How are the restricted share units for the Ur-Energy (URG) officer structured?

The officer received 34,826 restricted share units, with each unit redeemable upon vesting for one common share. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027, according to the plan terms.

What exchange rate was used for Ur-Energy (URG) option pricing on 12/22/2025?

The options were priced at $2.02 Canadian dollars per share, with the equivalent U.S. dollar exercise price of $1.4657 based on an exchange rate of Cdn$1.00 = US$0.7256 as of the transaction date.

How many derivative securities does the Ur-Energy (URG) officer own after these grants?

Following the reported 12/22/2025 transactions, the officer beneficially owned 574,725 derivative securities in the form of options and 93,367 restricted share units, all held directly.

What is the role of the reporting person in Ur-Energy Inc (URG)?

The reporting person is an officer of Ur-Energy Inc, identified with the title General Counsel and Corporate Secretary.