Ur-Energy (NYSE: URG) awards COO new stock options and RSUs

Rhea-AI Filing Summary

Ur-Energy Inc. reported that its Chief Operating Officer received new equity awards. On 12/22/2025, he was granted 152,295 common share options with an exercise price of $1.4657 per share, equivalent to Cdn$2.02 based on the exchange rate on the transaction date. These options vest in three equal installments of 50,765 on 12/22/2026, 12/22/2027, and 12/22/2028, and expire on 12/22/2030.

He also received 38,073 restricted share units, each redeemable for one common share. These units will be redeemed for common shares on or within 30 days of 12/22/2027, in line with the plan’s terms. Following these grants, he beneficially owns 608,148 options and 102,077 restricted share units, all held directly.

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^*

HATTEN STEVEN M.

(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)
	Chief Operating Officer

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		152,295		(2)	12/22/2030	Common Shares	152,295	$0	608,148	D
Restricted share units (exchange for common shares)	(3)	12/22/2025		A		38,073		(4)	(4)	Common Shares	38,073	$0	102,077	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: 50,765 on 12/22/2026; 50,765 on 12/22/2027; and 50,765 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.
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FAQ

What insider transaction did Ur-Energy (URG) report for its COO?

The Chief Operating Officer of Ur-Energy Inc. received new equity awards on 12/22/2025, including stock options and restricted share units tied to the company’s common shares.

How many stock options did the Ur-Energy (URG) COO receive and at what exercise price?

The COO was granted 152,295 common share options with an exercise price of $1.4657 per share, equivalent to Cdn$2.02 using the exchange rate on the transaction date.

When do the new Ur-Energy (URG) stock options granted to the COO vest and expire?

The options vest in three tranches of 50,765 each on 12/22/2026, 12/22/2027, and 12/22/2028, and they expire on 12/22/2030.

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

The COO received 38,073 restricted share units, with each unit redeemable upon vesting for one common share. The units will be redeemed for common shares on or within 30 days of 12/22/2027.

How many Ur-Energy (URG) equity awards does the COO own after these grants?

After the reported transactions, the COO beneficially owns 608,148 stock options and 102,077 restricted share units, all held directly.

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

The reporting person is an officer of Ur-Energy Inc., serving as the company’s Chief Operating Officer, and is filing the report as a single reporting person.