Mr. Jeffrey Klenda reports
UR-ENERGY REPORTS RESULTS OF ANNUAL AND SPECIAL SHAREHOLDERS' MEETING
Ur-Energy Inc. has released the results of its annual and special meeting of shareholders held May 7, 2020, including the election of directors.
Each of the nominee directors listed in the company's management proxy circular dated April 9, 2020, was elected as a director. The company received proxies with regard to voting on the seven directors nominated for election, as shown in the accompanying table.
Nominee Votes for % Votes withheld %
Jeffrey T. Klenda 32,329,408 98.98 333,790 1.02
James M. Franklin 27,627,804 84.58 5,035,394 15.42
W. William Boberg 27,208,148 83.30 5,455,050 16.70
Thomas Parker 31,111,516 95.25 1,551,682 4.75
Gary C. Huber 27,847,433 85.26 4,815,765 14.74
Kathy E. Walker 31,314,160 95.87 1,349,038 4.13
Rob Chang 27,786,090 85.07 4,877,108 14.93
Additionally, there were 50,931,734 non-votes in the election.
The company's independent auditor, PricewaterhouseCoopers LLP, was reappointed by the shareholders, and the directors of the company were authorized to fix the remuneration of the auditor.
The "say on pay" vote to approve executive compensation was approved, with 86.29 per cent of the votes cast voting for the non-binding advisory vote. The company's advisory vote on preferred frequency of voting on executive compensation, or "say when on pay," was returned with a vote of 95.64 per cent for every year, which was the recommendation made by the company. Additionally, there were 1.01 per cent of the votes made for every two years and 2.51 per cent for every three years (with 0.84 per cent abstaining). The board of directors has adopted the preference expressed by the shareholders in this advisory vote and will conduct advisory votes on executive compensation every year until the company's next "say when on pay" vote in 2026.
The renewal of the Ur-Energy stock option plan was approved by a majority of the votes represented (80.47 per cent).
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, packaged and shipped more than 2.6 million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate the company's LC East project area into the Lost Creek permits and to operate at its Shirley Basin project.
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