Ur-Energy (NYSE: URG) director reports new options and RSU grants

Rhea-AI Filing Summary

Ur-Energy Inc. director filed a Form 4 reporting new equity awards granted on 12/22/2025. The filing shows 91,602 common share options with an exercise price of $1.4657 per share (equivalent to $2.02 Canadian) and an expiration date of 12/22/2030. These options vest in three equal installments of 30,534 options on 12/22/2026, 12/22/2027, and 12/22/2028.

The director also received 22,902 restricted share units (RSUs), each redeemable for one common share. The RSUs will be redeemed for common shares on or within 30 days of 12/22/2027 under the plan terms. After these transactions, the director reports beneficial ownership of 427,992 derivative securities related to options and 62,211 derivative securities related to RSUs, all held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider HUBER GARY C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common share options (right to buy)	91,602	$0.00	--
Grant/Award	Restricted share units (exchange for common shares)	22,902	$0.00	--

Holdings After Transaction: Common share options (right to buy) — 427,992 shares (Direct); Restricted share units (exchange for common shares) — 62,211 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: 30,534 on 12/22/2026; 30,534 on 12/22/2027; and 30,534 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
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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^*

HUBER GARY C

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		91,602		(2)	12/22/2030	Common Shares	91,602	$0	427,992	D
Restricted share units (exchange for common shares)	(3)	12/22/2025		A		22,902		(4)	(4)	Common Shares	22,902	$0	62,211	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: 30,534 on 12/22/2026; 30,534 on 12/22/2027; and 30,534 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.
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FAQ

What insider transaction did Ur-Energy (URG) disclose in this Form 4?

The filing reports a Ur-Energy Inc. director received new equity awards on 12/22/2025, including stock options and restricted share units (RSUs) tied to common shares.

How many Ur-Energy (URG) stock options were granted to the director?

The director was granted 91,602 common share options with an exercise price of $1.4657 per share, equivalent to $2.02 Canadian dollars as of the transaction date.

What are the vesting terms for the new Ur-Energy (URG) stock options?

The options vest in three equal tranches: 30,534 options on 12/22/2026, 30,534 on 12/22/2027, and 30,534 on 12/22/2028, and expire on 12/22/2030.

What restricted share units (RSUs) were granted to the Ur-Energy (URG) director?

The director received 22,902 RSUs. Each unit is redeemable upon vesting for one common share, and each will be redeemed for one common share on or within 30 days of 12/22/2027 under the plan.

How many derivative securities does the Ur-Energy (URG) director own after this transaction?

After the reported grants, the director beneficially owns 427,992 derivative securities related to options and 62,211 derivative securities related to RSUs, all held directly.

What is the relationship of the reporting person to Ur-Energy (URG)?

The reporting person is identified as a director of Ur-Energy Inc. and filed the Form 4 as a single reporting person.