Ur-Energy Inc T.URE

Alternate Symbol(s): URG

Energy

Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.

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Ur-Energy Inc

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Comment by naturallyon Mar 10, 2017 11:52am

105 Views

Post# 25963786

RE:RE:RE:Welcome to The Uranium Supercycle

Well well look what's up with the low spot pricing, and PDN.

CNNC Purports to Exercise Langer Heinrich Call Option

PERTH, WESTERN AUSTRALIA--(Marketwired - March 09, 2017) - Paladin Energy Limited (Paladin or the Company) (ASX: PDN) (TSX: PDN) refers to its previous announcements regarding its Restructure Proposal and a potential option in favour of CNNC Overseas Uranium Holdings Ltd (CNNC) which, if exercised, could entitle CNNC to acquire Paladin's interest in the Langer Heinrich Mine (LHM) in certain solvency-related scenarios (the Potential CNNC Option).

Paladin advises that it has received notice from CNNC requesting that Paladin commences a process to determine the fair market value of Paladin's share of LHM (being 75% of the issued share capital of Langer Heinrich Mauritius Holdings Limited, the holding company of the owner of LHM). The fair value determination process would be the first step in a process that may lead to exercise of the Potential CNNC Option if in fact the option validly exists.

Paladin will provide its stakeholders with material updates as soon as it is in a position to do so.

Yours faithfully,

Paladin Energy Ltd

ALEXANDER MOLYNEUX, CEO

PALADIN ENERGY LTD ACN 061 681 098

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