Mr. Matt Gili reports

UR-ENERGY ANNOUNCES RETIREMENT OF CFO ROGER SMITH, NAMES VP FINANCE JADE WALLE AS SUCCESSOR

Roger Smith, Ur-Energy Inc. chief financial officer (CFO), will retire from the company effective Dec. 1, 2026, after a distinguished 45 year career in mining industry finance and accounting. Jade Walle, the company's current vice-president, finance, has been appointed to succeed Mr. Smith as CFO, effective upon his retirement.

Matt Gili, president and chief executive officer of Ur-Energy, commented: "On behalf of the entire company, I want to express our profound appreciation to Roger for his exceptional service to Ur-Energy. Roger has led our finance, IT, and administration teams for almost 20 years, bringing a combination of financial acumen, operational insight and deep institutional knowledge. From the early years of the company to full commercial operations, and the milestone launch in August of full operations at our Shirley basin mine, he has been instrumental in the tremendous growth of our ISR uranium operations in Wyoming. I am personally grateful for all of his hard work and wish him all the best for his well-earned retirement.

Mr. Gili continued: "At the same time, I could not be more pleased for Jade Walle to step into the CFO role. Jade has proven himself an outstanding leader within our finance and accounting team. His knowledge of our business, and his exceptional financial expertise make him the ideal person to serve as our CFO as we continue to deliver on our strategy of aggressive growth and value creation."

Mr. Walle joined Ur-Energy as vice-president, finance, in September, 2025. During this time, he has played a key role in the company's recent capital markets transactions, implementing accounting standards, and managing the company's broader finance and accounting team. Mr. Walle is a certified public accountant with 30 years of experience. Most recently, he was an audit partner with PricewaterhouseCoopers LLP (PwC) from 2011 to 2024, having begun his career there in 1996. Over his tenure, Mr. Walle served clients in numerous industries, including publicly traded energy and mining companies, with assignments in Tulsa, London, Houston and Denver. His technical background includes service in PwC's Global Capital Markets Group in London (1999 to 2002), where he assisted non-United States companies with U.S. capital market transactions and Securities and Exchange Commission reporting. Mr. Walle has also held leadership roles overseeing a division of PwC's Center of Excellence and its Acceleration Center in India, which provided outsourced services to more than 75 U.S. audit clients.

About Ur-Energy Inc.

Ur-Energy is the largest and fastest-growing ISR uranium mining company in the United States. It owns and operates the Lost Creek ISR uranium processing facility and mine in south-central Wyoming, and the Shirley basin ISR mine in central Wyoming, where full operations were launched in August, 2026. The company is also engaged in exploration and development activities at a selection of projects in the Great Divide basin uranium district. 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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