Mr. John Cash reports

UR-ENERGY ANNOUNCES RESTART OF COMMERCIAL PRODUCTION AND COMPLETION OF CASPER CENTRALIZED SERVICES FACILITY

Ur-Energy Inc. has started production flow from Header House 2-4 at the company's Lost Creek in situ uranium facility in Sweetwater County, Wyoming. Production rates will continue to increase as additional header houses in Mine Unit 2 come on line this year. Lost Creek production inventory will be sold into the company's remaining 2023 contract book of 180,000 pounds U3O8 in the second half of the year. Beginning in 2024, the company's total sales quantity under contract is 600,000 pounds U3O8 annually, plus or minus a small, optional flex.

The company is also pleased to announce that construction of its Casper, Wyo., centralized services facility, shown herein, is complete and will facilitate full laboratory and construction services for each of the company's mining projects. The centralized location will allow for reduced drive times and improved safety for the company's employees while reducing operating costs and increasing efficiencies.

Steve Hatten, the company's chief operating officer, stated: "I am very excited to see the planning and hard work pay off for our long-standing and new employees with these achievements at Lost Creek and completion of our new Casper facility. This restart of normal operations at Lost Creek marks the first of a series of planned production areas scheduled for 2023 and 2024. We hope our return to commercial production also is the beginning of a resurgence of the uranium mining industry in the United States."

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. The company has produced and packaged approximately 2.7 million pounds U3O8 from Lost Creek since the commencement of operations. Ur-Energy now has all major permits and authorizations to begin construction at Shirley basin, the company's second in situ recovery uranium facility in Wyoming and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol URG. Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy's corporate office is in Littleton, Colo., and its registered office is in Ottawa, Ont.

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