Mr. Matthew Gili reports

UR-ENERGY RECEIVES FINAL WDEQ AUTHORIZATION TO TRANSPORT URANIUM-LOADED RESIN FROM SHIRLEY BASIN TO LOST CREEK

Ur-Energy Inc. has achieved a significant regulatory milestone for its Shirley Basin project. The company has received final authorization from the Wyoming Department of Environmental Quality (WDEQ) Uranium Recovery Program (URP) to advance from limited operations to full-scale uranium in situ recovery (ISR) operations, including transport of uranium-loaded resin from its Shirley Basin ISR mine to the company's Lost Creek processing facility.

The authorization follows a comprehensive preoperational inspection conducted by WDEQ staff pursuant to radioactive materials licence WYSUA-2010. The WDEQ verified that all required safety systems, operating procedures, staffing, radiation safety programs and environmental monitoring programs were sufficient for safe operations and protective of human health and the environment.

Uranium recovery operations commenced at Shirley Basin in April, 2026, and to date, an estimated 10,500 pounds of uranium have been loaded onto resin. Shipments of loaded resin to Lost Creek will commence in the coming weeks as well-field flow rates are steadily increased to full commercial levels.

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The authorization advances Shirley Basin into full well-field recovery operations and enables uranium-loaded resin to be transported to Lost Creek for final processing and recovery. By leveraging Lost Creek's established central processing plant for elution, precipitation, drying and drumming, Ur-Energy avoids duplicative infrastructure, improves capital efficiency and supports the scalable ramp-up of its second ISR operation.

Matthew Gili, president and chief executive officer, commented: "Receiving this regulatory authorization is a pivotal milestone for both Shirley Basin and Ur-Energy. It advances Shirley Basin from development into an active uranium-producing operation and strengthens our position as a reliable domestic producer with two operating ISR assets. Our teams have worked diligently to meet the highest standards of safety and environmental compliance, and we are excited to begin transporting uranium-loaded resin to Lost Creek as we expand production to help meet growing demand for U.S. uranium."

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek ISR uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U3O8 (triuranium octoxide) since operations began, and the Shirley Basin ISR operation in central Wyoming, where uranium recovery commenced in April, 2026. Lost Creek and Shirley Basin have combined annual licensed production and toll-processing capacity of 4.2 million pounds of U3O8.

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. Ur-Energy's common shares trade on the NYSE American under the symbol URG and on the Toronto Stock Exchange under the symbol URE. The company's corporate headquarters is in Casper, Wyo., and its registered office is in Ottawa, Ont.

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