VanEck discloses 5.4% Ur‑Energy (URG) stake in Schedule 13G

Rhea-AI Filing Summary

Van Eck Associates Corporation filed a Schedule 13G reporting a significant institutional holding in Ur‑Energy Inc. common shares. It reports beneficial ownership of 20,403,343 common shares, representing 5.4% of the class as of 12/31/2025.

Van Eck has sole power to vote and dispose of these 20,403,343 shares, with no shared voting or dispositive power. The filing notes that the VanEck Uranium and Nuclear ETF has the right to receive dividends and sale proceeds from all 20,403,343 shares reported.

The certifying officer states that the securities were acquired and are held in the ordinary course of business and are not intended to change or influence control of Ur‑Energy, consistent with a passive institutional ownership position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

UR-ENERGY INC

(Name of Issuer)

Common Shares

(Title of Class of Securities)

91688R108

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 91688R108

1

Names of Reporting Persons

VAN ECK ASSOCIATES CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,403,343.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,403,343.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,403,343.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UR-ENERGY INC
(b)	Address of issuer's principal executive offices: SUITE 200, 10758 W. CENTENNIAL ROAD, LITTLETON, Colorado, 80127
Item 2.
(a)	Name of person filing: Van Eck Associates Corporation
(b)	Address or principal business office or, if none, residence: 666 Third Ave, 9th Floor, New York NY 10017
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 91688R108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 20403343
(b)	Percent of class: 5.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 20403343
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 20403343
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The VanEck Uranium and Nuclear ETF, an investment company registered under the Investment Company Act of 1940, has the right to receive dividends and proceeds from the sale of 20,403,343 of the shares reported by Van Eck Associates Corp
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

VAN ECK ASSOCIATES CORP

Signature:	Ashley Sousa
Name/Title:	Assistant Vice President, Van Eck Associates Corporation
Date:	02/13/2026

FAQ

What stake in Ur-Energy (URG) does Van Eck Associates report?

Van Eck Associates reports beneficial ownership of 20,403,343 Ur‑Energy common shares, representing 5.4% of the outstanding class. This holding gives Van Eck a significant but passive institutional position under Schedule 13G reporting rules.

Which VanEck fund benefits from the Ur-Energy (URG) shares?

The VanEck Uranium and Nuclear ETF has the right to receive dividends and proceeds from the sale of 20,403,343 Ur‑Energy shares. These are the same shares reported as beneficially owned by Van Eck Associates Corporation in the Schedule 13G.

Does Van Eck seek to influence control of Ur-Energy (URG)?

Van Eck certifies the Ur‑Energy shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control. The filing explicitly disclaims any control intent, aligning with passive Schedule 13G reporting.

What voting and dispositive powers does Van Eck have over Ur-Energy shares?

Van Eck reports sole voting power and sole dispositive power over 20,403,343 Ur‑Energy common shares, with no shared voting or dispositive power. This means Van Eck alone directs how these reported shares are voted and potentially sold.

When was Van Eck’s Ur-Energy ownership measured for this Schedule 13G?

The Schedule 13G reports Van Eck’s Ur‑Energy position as of December 31, 2025. On that date, the firm beneficially owned 20,403,343 common shares, representing 5.4% of the class, subject to the powers and rights detailed in the filing.