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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Post by seanyboyon Sep 09, 2012 1:41am

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Post# 20339226

bond news

https://www.wyomingbusinessreport.com/article.asp?id=63831

WBR Article

Ur-Energy one step closer to $34M in bonds
By Mark Wilcox

September 7, 2012 -- The Wyoming Business Council voted yesterday to support — contingent on positive asset appraisal on site — a $34 million bonding request from Lost Creek, ISR LLC and Ur-Energy Inc. for the proposed Lost Creek in-situ uranium recovery project.

The recommendation has been forwarded to the governor's office for approval. If approved, the Wyoming State Treasurer's Office will purchase the bonds for the project, which recently got its final environmental impact statement, a major obstacle to starting such a facility.

The bonding request hinges on the results of a $120,000 study commissioned by the WBC to evaluate the economics of the project and appraise the assets securing the bond. If the bonding goes forward after the study, the WBC will be reimbursed by Lost Creek/Ur-Energy for the cost of the contract.

Ur-Energy considers the property its flagship, and plans to be in production at the facility by summer of 2013.