Ur-Energy (NYSE: URG) grants 120,000 stock options to counsel

Rhea-AI Filing Summary

Ur-Energy Inc. granted stock options to a senior officer. General Counsel and Corporate Secretary David A. Ritchie received options to buy 120,000 common shares on 01/12/2026. The options have an exercise price equivalent to $1.6504 U.S. dollars per share, based on a Canadian dollar price of $2.29 and the exchange rate on the grant date.

The options vest in three equal installments of 40,000 shares each on 01/12/2027, 01/12/2028, and 01/12/2029, and are exercisable until 01/12/2031. All 120,000 derivative securities are reported as directly owned following this grant.

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

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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^*

RITCHIE DAVID 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)
	GENERAL COUNSEL/CORP SECRETARY

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

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)	$1.6504(1)	01/12/2026		A		120,000		(2)	01/12/2031	Common Shares	120,000	$0	120,000	D

Explanation of Responses:

1. The options were priced at $2.29 Canadian dollars; $1.6504 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$0.7207) www.bankofcanada.ca

2. The options will vest and become exercisable as follows: 40,000 on 1/12/2027; 40,000 on 1/12/2028; and 40,000 on 1/12/2029.

	/s/ Roger L. Smith pursuant to Power of Attorney	01/22/2026
	** 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).
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FAQ

What did Ur-Energy Inc. (URG) disclose in this Form 4 filing?

Ur-Energy Inc. reported that its General Counsel and Corporate Secretary, David A. Ritchie, received a grant of options to buy 120,000 common shares on 01/12/2026.

What are the key terms of David A. Ritchie’s 120,000 Ur-Energy (URG) options?

The options allow the purchase of 120,000 common shares at an exercise price equivalent to $1.6504 U.S. dollars per share, based on a $2.29 Canadian dollar price and the prevailing exchange rate on the grant date.

How do the Ur-Energy (URG) options granted to David A. Ritchie vest over time?

The options vest and become exercisable in three tranches: 40,000 on 01/12/2027, 40,000 on 01/12/2028, and 40,000 on 01/12/2029.

When do the Ur-Energy (URG) options granted in this Form 4 expire?

The options granted on 01/12/2026 expire on 01/12/2031, giving a five-year exercise window after the first vesting date.

How many Ur-Energy (URG) derivative securities does David A. Ritchie own after this transaction?

Following this grant, the filing reports that David A. Ritchie directly owns 120,000 derivative securities in the form of common share options.

In what capacity is the reporting person related to Ur-Energy Inc. (URG)?

The reporting person, David A. Ritchie, is an officer of Ur-Energy Inc., serving as General Counsel and Corporate Secretary.