Ur-Energy Inc. (URG) director reports new stock options and RSU grants

Rhea-AI Filing Summary

Ur-Energy Inc. director reports new equity awards. A board member of Ur-Energy Inc. (URG) reported receiving options to buy 91,602 common shares on 12/22/2025 at an exercise price of $1.4657 per share, which reflects a Canadian dollar price of Cdn$2.02 converted at an exchange rate of Cdn$1.00 = US$0.7256. These options vest in three equal installments of 30,534 on 12/22/2026, 12/22/2027, and 12/22/2028, and expire on 12/22/2030.

The director also received 22,902 restricted share units on 12/22/2025, with each unit redeemable for one common share. All these units are scheduled to be redeemed for common shares on or within 30 days of 12/22/2027. After these transactions, the filing shows 427,992 derivative securities and 62,211 restricted share units beneficially owned on a direct basis.

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^*

Parker Thomas H

(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.
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 transaction did Ur-Energy Inc. (URG) report on this Form 4?

A director of Ur-Energy Inc. (URG) reported receiving 91,602 stock options and 22,902 restricted share units in transactions dated 12/22/2025.

What is the exercise price of the new Ur-Energy (URG) stock options reported?

The options have an exercise price of $1.4657 per common share, equivalent to a Canadian price of Cdn$2.02 using an exchange rate of Cdn$1.00 = US$0.7256.

How do the newly granted Ur-Energy (URG) options vest and when do they expire?

The 91,602 options vest in three tranches of 30,534 on 12/22/2026, 12/22/2027, and 12/22/2028, and expire on 12/22/2030.

What are the terms of the restricted share units granted by Ur-Energy (URG)?

The director received 22,902 restricted share units on 12/22/2025. Each unit is redeemable upon vesting for one common share, and will be redeemed for a share on or within 30 days of 12/22/2027.

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

Following the reported transactions, the filing shows 427,992 derivative securities (including the options) and 62,211 restricted share units beneficially owned directly.

What is the insiders relationship to Ur-Energy Inc. (URG)?

The reporting person is identified as a director of Ur-Energy Inc. (URG), filing individually as one reporting person.