Mr. Matt Gili reports

UR-ENERGY ANNOUNCES RETIREMENT OF GENERAL COUNSEL AND CORPORATE SECRETARY PENNE GOPLERUD AND NAMES ALEX RITCHIE AS SUCCESSOR

As part of Ur-Energy Inc.'s long-term leadership succession planning, Penne Goplerud, who has served as general counsel and corporate secretary since 2011, will retire on Jan. 6, 2026. Ms. Goplerud began working as outside counsel to Ur-Energy beginning in 2005 and joined the company as associate general counsel in 2007.

Ur-Energy chairman and chief executive officer, John Cash, commented: "I want to personally thank Penne for her unwavering dedication to Ur-Energy over the past 20 years and her teacher's heart that has always been willing to mentor me and many others. Penne was instrumental in the success of the company since its earliest days and played an integral leadership role in virtually every corporate milestone. Penne's untiring work ethic and contribution will be missed by all. I wish her the absolute best during retirement and hope she can now find the time to return to the tennis court."

Alex Ritchie will succeed Ms. Goplerud as general counsel and corporate secretary on Jan. 6, 2026. Ms. Goplerud will continue with Ur-Energy for a short time to ensure a smooth transition.

Ur-Energy president and incoming CEO, Matt Gili, commented: "We are incredibly grateful to Penne for her many contributions to the company and wish her the very best in retirement. As we continue to grow our business and expand our operations, we are thrilled to have Alex join the team. Although Alex has big shoes to fill, he brings exceptional expertise and leadership that will strengthen our strategic execution going forward while maintaining our strong standards for compliance, governance and risk management."

Mr. Ritchie has more than 25 years of diverse legal, executive and business experience in natural resource law and transactions, environmental law, general corporate and contract matters, and accounting. Mr. Ritchie began his legal career in private practice in 1999. From 2000 to 2009, he practised in the natural resources, commercial law and securities groups of a prominent Denver law firm, where he was elected partner in December, 2006. While in private practice, he represented mining and energy company clients on billions of dollars of acquisition, divestiture, joint venture, financing, securities and other transactions. From 2009 to 2012, he served as senior corporate counsel for the U.S. subsidiary of an international oil and gas company, where he worked on environmental compliance and permitting, major projects, commercial contracts, acquisitions and divestitures, and general corporate matters.

Mr. Ritchie has been a thought leader and educator on natural resource law. Since 2017, he has been the executive director of the Foundation for Natural Resources and Energy Law (formerly the Rocky Mountain Mineral Law Foundation), where he led the pre-eminent provider of legal education and scholarship on mining, energy and other natural resource law. From 2012 to 2017, he was an associate professor at the University of New Mexico school of law, where he taught courses on natural resources, energy, environmental, property and business law.

Mr. Ritchie has been a frequent speaker and published author on mining, oil and gas, environmental, and business law issues. He has also served numerous boards and advisory councils of natural resource organizations and public charities. Before entering law school, he was a public accountant and worked for three years in the Washington, D.C., office of KPMG. Mr. Ritchie obtained his JD from the University of Virginia school of law and his BSBA in accounting from Georgetown University.

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. It has produced and packaged approximately 3.0 million pounds of triuranium octoxide from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley basin, the company's second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium 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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