Ur-Energy (URG) director granted 91,602 options and 22,902 RSUs

Rhea-AI Filing Summary

Ur-Energy Inc. director received new equity awards in the form of stock options and restricted share units on 12/22/2025. The grant included 91,602 common share options with 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 as of the transaction date. These options vest in three equal installments of 30,534 options each on 12/22/2026, 12/22/2027, and 12/22/2028.

The director also received 22,902 restricted share units, with each unit redeemable for one common share upon vesting. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 under the plan terms. Following these transactions, the director beneficially owned 383,204 derivative securities classified as held directly, and 45,804 restricted share units 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^*

PRESSEY JOHN PAUL

(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	383,204	D
Restricted share units (exchange for common shares)	(3)	12/22/2025		A		22,902		(4)	(4)	Common Shares	22,902	$0	45,804	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.
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FAQ

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

The filing reports that a director of Ur-Energy Inc. received new equity awards on 12/22/2025, consisting of stock options and restricted share units tied to the company’s common shares.

How many Ur-Energy (URG) stock options were granted and at what exercise price?

The director was granted 91,602 common share options with an exercise price of $1.4657 per share, which reflects a Canadian exercise price of Cdn$2.02 converted using an exchange rate of Cdn$1.00 = US$0.7256 as of the transaction date.

What is the vesting schedule for the new Ur-Energy (URG) stock options?

The options will vest and become exercisable in three equal tranches of 30,534 options each, on 12/22/2026, 12/22/2027, and 12/22/2028.

How many restricted share units did the Ur-Energy (URG) director receive and when do they settle?

The director received 22,902 restricted share units, with each unit exchangeable for one common share. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 under the plan terms.

What is the director’s total Ur-Energy (URG) derivative holdings after these transactions?

After these transactions, the director beneficially owned 383,204 derivative securities and 45,804 restricted share units, all reported as held directly.

What currency exchange rate was used for the Ur-Energy (URG) option grant pricing?

The options were priced at Cdn$2.02 per share, and the filing states this equals $1.4657 U.S. dollars based on an exchange rate of Cdn$1.00 = US$0.7256 as of the transaction date.