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http://www.ur-energy.com
12:54 EST Friday, December 16, 2005
ORLEANS, ONTARIO--(CCNMatthews - Dec. 16, 2005) - Ur-Energy Inc. (" URE" ) (TSX:URE) announced today that it has completed drilling on its Lost Soldier deposit, in the Great Divide Basin of Wyoming. A NI 43-101 report, dated June 30, 2005, by Roscoe Postle Associates (RPA) states that Lost Soldier contains a relevant historical resource of 10 million pounds U3O8. URE owns 70 unpatented mining claims (1400 acres or 566 hectares) covering this uranium deposit originally discovered by Kerr McGee Corporation in the 1970`s. Over the years this deposit was held and explored by a variety of operators including Cameco and its US subsidiary Power Resources Inc. (" PRI" ). PRI held the property until 2000 and retains a 1% royalty. URE owns a database of 3773 drill holes defining the Lost Soldier deposit and recently completed 5 holes to confirm and validate the historic drilling. Preliminary results of the confirmation drilling has begun to confirm the historic drilling but additional work is underway and the results of the final evaluation will be announced in the future. With the validation and confirmation that these holes provide, URE will be completing resource evaluations on the deposit. These will be compliant with modern standards and in-situ leach (ISL) requirements. At the time the deposit was originally delineated it was considered that it would be mined by open-pit but URE will be evaluating it for mining by ISL, a more environmentally friendly means of extracting the uranium from the deposit.
AATA Scoping Study Filed on SEDAR
AATA International Inc., (" AATA" ) an international environmental consulting firm based in Fort Collins, Colorado has delivered to URE its preliminary report as part of its contract to assist URE in permitting the URE Lost Soldier and Lost Creek projects for production which Ur-Energy Inc. has posted. Both projects have had historic ISL testing completed on them indicating amenability for ISL mining. URE has initiated an aggressive program to permit these projects in an attempt to start production within three years. In July 2005, URE contracted AATA, which has solid experience in fast-tracking permitting, to manage the permitting process (see Press Release #05-03, 5 Dec. 05). The AATA preliminary report will appear on SEDAR on Friday December 16, 2005.
Dynamic Experienced Team
URE has set up a major office in Denver, Colorado and a field office in Casper, Wyoming, with twenty-six staff and consultants. Both offices are aggressively working together to carry the Company`s major resource projects in Wyoming to production as quickly as possible.
The Denver office is managed by Bill Boberg, V.P. US Operations, a Wyoming Professional Geologist with over 40 years of minerals exploration experience including 20 years of Wyoming and uranium experience. He is assisted by Harold Backer, Operations Manager, and Senior Geologists Hassan Alief, Bill Carlson, Glenn Culver, Dick Douglas, Nick Ferris and Fred Groth in Denver and Tom Nicholson and Terry Berlin in Casper, as well as Land Manager Nancy FitzSimmons and Landman Brian Wert in Denver. In addition the Denver team includes Tom Pool, mining engineer and nuclear fuel marketing specialist, Dustin Garrow, nuclear fuel marketing specialist, Dick Fruchey, senior consulting geologist, Wayne Heili, ISL operations engineer and Harry Anthony, ISL mining engineer, are all available on contract to assist URE as needed. URE professional staff has collectively over 400 years of direct uranium exploration and development experience.
Production Potential and Properties
URE controls nine projects in major Wyoming uranium districts, five in the Great Divide Basin, three in the Shirley Basin and one in the Powder River Basin. URE has two major resource properties in the Great Divide Basin, Lost Soldier and Lost Creek, which are considered to be amenable for ISL mining. Roscoe Postle Associates have completed NI 43-101 reports on all nine URE projects and states that the Lost Soldier project contains a relevant historic demonstrated resource of 10 million pounds U3O8 comprised of 2.1 million tons at 0.15% U3O8 containing a relevant historic demonstrated resource of 6.2 million lbs of U3O8 and 1.2 million tons at 0.16% U3O8 containing a relevant historic inferred resource of 3.8 million lbs of U3O8 and that the Lost Creek project contains a relevant historic resource of 4.6 million tons at 0.62% U3O8 for 5.7 million pounds U3O8. There have been a number of resource estimates completed by the various owners since 1978. Texasgulf in 1982 reported in respect of the Lost Creek property a total of 5.7 million lbs of contained U3O8 in 4.6 mt at an average grade of 0.062% U3O8 using a polygonal method. (See technical report on the Great Divide Basin Properties Wyoming prepared by Roscoe Postle Associates filed on SEDAR on November 7, 2005).
(The resources stated above are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. Recent independent verification of the data has not been performed and the Company has not completed sufficient exploration to verify the historical resource estimates. The historical resources were prepared to industry standards in place at the time and are considered relevant today. The historical resources noted above are not in agreement with the CIM definitions as required by NI 43-101 defined resources or reserves verified by a qualified person and the historical estimates should not be relied upon.)
URE is pursuing an aggressive process in attempting to move these two projects to production as quickly as possible, targeting 2008 for starting production at a rate of one million pounds U3O8 per year at Lost Soldier and an additional one million pounds U3O8 per year with a target of 2010 for Lost Creek. Exploration and development will be carried out on other company projects to develop additional resources for future mining operations.
Extensive Data Base
URE controls a major database for all its Wyoming projects, with detailed data for more than 23,000 historic uranium drill holes, plus hundreds of historic maps, cross-sections and reports. This historic data was originally developed by major uranium companies mainly during the period of the late 1960`s to the early 1980`s, with additional data acquired through the 1990`s. URE owns data not only for the properties it currently owns, but also owns major databases for many other exploration areas as well as major resource projects owned by other companies. Management believes the database has significant value, having been originally developed at an estimated cost of US\$50-\$80 million and having a modern replacement value estimated to be US\$360-\$480 million.
This huge database, plus the extensive experience and knowledge of the URE staff creates a technical capability for URE that management believes is similar to that of a major uranium exploration company that has been exploring and developing projects for 15 years and is now in a position of taking developed projects to production.
W. William Boberg, P. Geo., V.P. US Operations, is the qualified person for URE in the US.
------------------------------------------------------------
Ein Auszug aus Sedar vom 03.01.06:
UR ENERGY INCORPORATED
EARLY WARNING REPORT FILED PURSUANT TO NATIONAL
INSTRUMENT 62-103
(iii) the eligible institutional investor, either alone or together with any
joint actors, has exclusive or shared control but does not have
ownership.
Merrill Lynch Investment Managers Group Limited, through one
or more of it’s discretionary investment management clients
managed by it, exercises control or direction over 6,572,600
common NPV shares of UR ENERGY INCORPORATED. This
represents an approximate 14.27% interest in UR ENERGY
INCORPORATED on an undiluted basis, as at December 30,
2005.
Total common shares outstanding: 46,143,088
Total warrants outstanding: 13,530,227
Total compensation options outstanding: 1,613,640
Total compensation options warrants outstanding: 753,640
Stock options (expiring November 17, 2010): 4,375,000
Fully-diluted total outstanding: 66,415,595
+9,200,000?
10:08 EST Tuesday, November 29, 2005
ORLEANS, ONTARIO--(CCNMatthews - Nov. 29, 2005) -
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES
Ur-Energy Inc. (TSX:URE) has completed its initial public offering of 8,000,000 common shares at a price of \$1.25 per common share for gross proceeds of \$10,000,000. Ur-Energy engaged a syndicate of agents led by Raymond James Ltd., and including Canaccord Capital Corporation and Haywood Securities Inc., in respect of the offering. Ur-Energy has also granted the agents an option, exercisable for a period of 60 days from the closing date, to purchase up to an additional 1,200,000 common shares on the same terms as the offering to cover over-allotments, if any.
The TSX has listed the common shares of Ur-Energy Inc. under the symbol " URE" .
Ur-Energy is a uranium production development company, with 9 major properties in Wyoming. Ur-Energy is working on its feasibility study to bring its Lost Creek and Lost Soldier Wyoming properties into pilot production within thirty-six months, as well as developing other production opportunities. Ur-Energy also has several Canadian exploration properties in the Northwest Territories and Nunavut.
Meinungen?
Gruss
L_L
12:54 EST Friday, December 16, 2005
ORLEANS, ONTARIO--(CCNMatthews - Dec. 16, 2005) - Ur-Energy Inc. (" URE" ) (TSX:URE) announced today that it has completed drilling on its Lost Soldier deposit, in the Great Divide Basin of Wyoming. A NI 43-101 report, dated June 30, 2005, by Roscoe Postle Associates (RPA) states that Lost Soldier contains a relevant historical resource of 10 million pounds U3O8. URE owns 70 unpatented mining claims (1400 acres or 566 hectares) covering this uranium deposit originally discovered by Kerr McGee Corporation in the 1970`s. Over the years this deposit was held and explored by a variety of operators including Cameco and its US subsidiary Power Resources Inc. (" PRI" ). PRI held the property until 2000 and retains a 1% royalty. URE owns a database of 3773 drill holes defining the Lost Soldier deposit and recently completed 5 holes to confirm and validate the historic drilling. Preliminary results of the confirmation drilling has begun to confirm the historic drilling but additional work is underway and the results of the final evaluation will be announced in the future. With the validation and confirmation that these holes provide, URE will be completing resource evaluations on the deposit. These will be compliant with modern standards and in-situ leach (ISL) requirements. At the time the deposit was originally delineated it was considered that it would be mined by open-pit but URE will be evaluating it for mining by ISL, a more environmentally friendly means of extracting the uranium from the deposit.
AATA Scoping Study Filed on SEDAR
AATA International Inc., (" AATA" ) an international environmental consulting firm based in Fort Collins, Colorado has delivered to URE its preliminary report as part of its contract to assist URE in permitting the URE Lost Soldier and Lost Creek projects for production which Ur-Energy Inc. has posted. Both projects have had historic ISL testing completed on them indicating amenability for ISL mining. URE has initiated an aggressive program to permit these projects in an attempt to start production within three years. In July 2005, URE contracted AATA, which has solid experience in fast-tracking permitting, to manage the permitting process (see Press Release #05-03, 5 Dec. 05). The AATA preliminary report will appear on SEDAR on Friday December 16, 2005.
Dynamic Experienced Team
URE has set up a major office in Denver, Colorado and a field office in Casper, Wyoming, with twenty-six staff and consultants. Both offices are aggressively working together to carry the Company`s major resource projects in Wyoming to production as quickly as possible.
The Denver office is managed by Bill Boberg, V.P. US Operations, a Wyoming Professional Geologist with over 40 years of minerals exploration experience including 20 years of Wyoming and uranium experience. He is assisted by Harold Backer, Operations Manager, and Senior Geologists Hassan Alief, Bill Carlson, Glenn Culver, Dick Douglas, Nick Ferris and Fred Groth in Denver and Tom Nicholson and Terry Berlin in Casper, as well as Land Manager Nancy FitzSimmons and Landman Brian Wert in Denver. In addition the Denver team includes Tom Pool, mining engineer and nuclear fuel marketing specialist, Dustin Garrow, nuclear fuel marketing specialist, Dick Fruchey, senior consulting geologist, Wayne Heili, ISL operations engineer and Harry Anthony, ISL mining engineer, are all available on contract to assist URE as needed. URE professional staff has collectively over 400 years of direct uranium exploration and development experience.
Production Potential and Properties
URE controls nine projects in major Wyoming uranium districts, five in the Great Divide Basin, three in the Shirley Basin and one in the Powder River Basin. URE has two major resource properties in the Great Divide Basin, Lost Soldier and Lost Creek, which are considered to be amenable for ISL mining. Roscoe Postle Associates have completed NI 43-101 reports on all nine URE projects and states that the Lost Soldier project contains a relevant historic demonstrated resource of 10 million pounds U3O8 comprised of 2.1 million tons at 0.15% U3O8 containing a relevant historic demonstrated resource of 6.2 million lbs of U3O8 and 1.2 million tons at 0.16% U3O8 containing a relevant historic inferred resource of 3.8 million lbs of U3O8 and that the Lost Creek project contains a relevant historic resource of 4.6 million tons at 0.62% U3O8 for 5.7 million pounds U3O8. There have been a number of resource estimates completed by the various owners since 1978. Texasgulf in 1982 reported in respect of the Lost Creek property a total of 5.7 million lbs of contained U3O8 in 4.6 mt at an average grade of 0.062% U3O8 using a polygonal method. (See technical report on the Great Divide Basin Properties Wyoming prepared by Roscoe Postle Associates filed on SEDAR on November 7, 2005).
(The resources stated above are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. Recent independent verification of the data has not been performed and the Company has not completed sufficient exploration to verify the historical resource estimates. The historical resources were prepared to industry standards in place at the time and are considered relevant today. The historical resources noted above are not in agreement with the CIM definitions as required by NI 43-101 defined resources or reserves verified by a qualified person and the historical estimates should not be relied upon.)
URE is pursuing an aggressive process in attempting to move these two projects to production as quickly as possible, targeting 2008 for starting production at a rate of one million pounds U3O8 per year at Lost Soldier and an additional one million pounds U3O8 per year with a target of 2010 for Lost Creek. Exploration and development will be carried out on other company projects to develop additional resources for future mining operations.
Extensive Data Base
URE controls a major database for all its Wyoming projects, with detailed data for more than 23,000 historic uranium drill holes, plus hundreds of historic maps, cross-sections and reports. This historic data was originally developed by major uranium companies mainly during the period of the late 1960`s to the early 1980`s, with additional data acquired through the 1990`s. URE owns data not only for the properties it currently owns, but also owns major databases for many other exploration areas as well as major resource projects owned by other companies. Management believes the database has significant value, having been originally developed at an estimated cost of US\$50-\$80 million and having a modern replacement value estimated to be US\$360-\$480 million.
This huge database, plus the extensive experience and knowledge of the URE staff creates a technical capability for URE that management believes is similar to that of a major uranium exploration company that has been exploring and developing projects for 15 years and is now in a position of taking developed projects to production.
W. William Boberg, P. Geo., V.P. US Operations, is the qualified person for URE in the US.
------------------------------------------------------------
Ein Auszug aus Sedar vom 03.01.06:
UR ENERGY INCORPORATED
EARLY WARNING REPORT FILED PURSUANT TO NATIONAL
INSTRUMENT 62-103
(iii) the eligible institutional investor, either alone or together with any
joint actors, has exclusive or shared control but does not have
ownership.
Merrill Lynch Investment Managers Group Limited, through one
or more of it’s discretionary investment management clients
managed by it, exercises control or direction over 6,572,600
common NPV shares of UR ENERGY INCORPORATED. This
represents an approximate 14.27% interest in UR ENERGY
INCORPORATED on an undiluted basis, as at December 30,
2005.
Total common shares outstanding: 46,143,088
Total warrants outstanding: 13,530,227
Total compensation options outstanding: 1,613,640
Total compensation options warrants outstanding: 753,640
Stock options (expiring November 17, 2010): 4,375,000
Fully-diluted total outstanding: 66,415,595
+9,200,000?
10:08 EST Tuesday, November 29, 2005
ORLEANS, ONTARIO--(CCNMatthews - Nov. 29, 2005) -
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES
Ur-Energy Inc. (TSX:URE) has completed its initial public offering of 8,000,000 common shares at a price of \$1.25 per common share for gross proceeds of \$10,000,000. Ur-Energy engaged a syndicate of agents led by Raymond James Ltd., and including Canaccord Capital Corporation and Haywood Securities Inc., in respect of the offering. Ur-Energy has also granted the agents an option, exercisable for a period of 60 days from the closing date, to purchase up to an additional 1,200,000 common shares on the same terms as the offering to cover over-allotments, if any.
The TSX has listed the common shares of Ur-Energy Inc. under the symbol " URE" .
Ur-Energy is a uranium production development company, with 9 major properties in Wyoming. Ur-Energy is working on its feasibility study to bring its Lost Creek and Lost Soldier Wyoming properties into pilot production within thirty-six months, as well as developing other production opportunities. Ur-Energy also has several Canadian exploration properties in the Northwest Territories and Nunavut.
Meinungen?
Gruss
L_L
Latest price (Jan 11, 2006 15:54 EST) $ 1.06, Volume 497,400
Jahreschart:
Jahreschart:
1.18 CAN$ +0.12 CAN$ +11.32%
Ur-Energy Appoints New President and Acting CEO
1/12/2006
OTTAWA, ONTARIO, Jan 12, 2006 (CCNMatthews via COMTEX) --
Dr. James Franklin, on behalf of the Board of Directors of Ur-Energy Inc. (Ur-Energy or the Corporation) (TSX:URE) yesterday accepted the resignations of Robin Dow as Chairman, CEO and as a director and Paul Pitman as President of Ur-Energy. Dr. Franklin also announced that the Board has appointed W. William Boberg as President and Interim CEO. In addition, Mr. Jeffrey Klenda of Denver, currently a director of Ur-Energy, has been appointed Chairman of the Board. Mr. Klenda a founding shareholder of the company as well as a director since inception. The Corporation remains Ontario - based with its head office in Orleans, Ontario. Among the projects that the Corporation is currently focusing on is bringing its Lost Soldier and Lost Creek properties in Wyoming into production, and these activities are best managed from its Denver office. The Board expresses its gratitude to Mr. Dow for his valued contribution to the Corporation as a founder and for his efforts in taking the Corporation through its initial public offering. The Corporation is pleased to report that Mr. Pitman will be continuing with the Corporation as a director, and as Vice President, Canadian Exploration, in charge of the Corporation`s Canadian projects, particularly focusing on the Thelon and Hornby Bay programs over the next year. As part of the arrangements with Mr. Dow and Mr. Pitman, the Corporation has agreed to make the contractor shares held be each individual, 400,000 common shares each, immediately available to these individuals; however, these shares continue to be subject to certain contractual restrictions.
Mr. Boberg has been Vice President of US Operations for the Corporation since September 2004 and he has been responsible for the Corporation`s project acquisition and operations in the US since that time. Under his management Ur-Energy has acquired a major land position, covering nine projects, with uranium resources and a drillhole database in Wyoming, as well as developing a large technical staff of very experienced uranium geologists and engineers. Mr. Boberg`s focus has been on the development of the Corporation as a producer of uranium including the permitting process on its two major resource projects, Lost Soldier and Lost Creek with the goal of achieving production from the Lost Soldier project in 2008 and the Lost Creek project in 2010. As President and Interim CEO, Mr. Boberg will continue to advance the ongoing efforts of both the US and Canadian operations.
Mr. Boberg received his Bachelor`s degree in geology from the University of Montana and his Masters degree in geology from the University of Colorado. He is a registered Wyoming Professional Geologist and has over 40 years in mining and petroleum geology, mostly in minerals exploration and management in the United States and Africa. He has worked for Helca Mining Company, Gulf Mineral Resources Company, Continental Oil Company Minerals Department, World Nuclear, Kennecott Exploration Inc., Western Mining Corporation, Canyon Resources Corporation and Patrician Gold. Serving for five years in the US Army Corps of Engineers, reaching the rank of Captain, he had extensive leadership training and leadership roles including company commander, battalion adjutant (S-1) and senior advisor to a South Vietnamese Engineer Battalion. He has been Wyoming District Geologist for Conoco Minerals, Chief Geologist for World Nuclear, Uranium Program Manager for Kennecott Exploration, Vice President of Geology and Exploration for Western Mining Corporation (Liberia), Deputy Managing Director for Canyon Resources (Africa) and a Director of Patrician Gold. He has also been the president of the consulting companies Boberg GeoTech International and Africa Mineral Resource Specialists. He has extensive experience in the exploration for and development of uranium deposits and has authored a number of papers on uranium geology and uranium exploration in Wyoming.
Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Corporation trade on the Toronto Stock Exchange under the symbol URE.
James M. Franklin, P. Geo., Director and Chief Geologist, is the qualified person for this release.
This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor). Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.
SOURCE: Ur-Energy Inc.
Ur-Energy Inc. Jonathan Buick - Investor Relations Advisor 1 (877) 748-0914 (416) 915-0915 (Toronto Office) jbuick@buickgroup.com www.ur-energy.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
Gruss
L_L
Ur-Energy Appoints New President and Acting CEO
1/12/2006
OTTAWA, ONTARIO, Jan 12, 2006 (CCNMatthews via COMTEX) --
Dr. James Franklin, on behalf of the Board of Directors of Ur-Energy Inc. (Ur-Energy or the Corporation) (TSX:URE) yesterday accepted the resignations of Robin Dow as Chairman, CEO and as a director and Paul Pitman as President of Ur-Energy. Dr. Franklin also announced that the Board has appointed W. William Boberg as President and Interim CEO. In addition, Mr. Jeffrey Klenda of Denver, currently a director of Ur-Energy, has been appointed Chairman of the Board. Mr. Klenda a founding shareholder of the company as well as a director since inception. The Corporation remains Ontario - based with its head office in Orleans, Ontario. Among the projects that the Corporation is currently focusing on is bringing its Lost Soldier and Lost Creek properties in Wyoming into production, and these activities are best managed from its Denver office. The Board expresses its gratitude to Mr. Dow for his valued contribution to the Corporation as a founder and for his efforts in taking the Corporation through its initial public offering. The Corporation is pleased to report that Mr. Pitman will be continuing with the Corporation as a director, and as Vice President, Canadian Exploration, in charge of the Corporation`s Canadian projects, particularly focusing on the Thelon and Hornby Bay programs over the next year. As part of the arrangements with Mr. Dow and Mr. Pitman, the Corporation has agreed to make the contractor shares held be each individual, 400,000 common shares each, immediately available to these individuals; however, these shares continue to be subject to certain contractual restrictions.
Mr. Boberg has been Vice President of US Operations for the Corporation since September 2004 and he has been responsible for the Corporation`s project acquisition and operations in the US since that time. Under his management Ur-Energy has acquired a major land position, covering nine projects, with uranium resources and a drillhole database in Wyoming, as well as developing a large technical staff of very experienced uranium geologists and engineers. Mr. Boberg`s focus has been on the development of the Corporation as a producer of uranium including the permitting process on its two major resource projects, Lost Soldier and Lost Creek with the goal of achieving production from the Lost Soldier project in 2008 and the Lost Creek project in 2010. As President and Interim CEO, Mr. Boberg will continue to advance the ongoing efforts of both the US and Canadian operations.
Mr. Boberg received his Bachelor`s degree in geology from the University of Montana and his Masters degree in geology from the University of Colorado. He is a registered Wyoming Professional Geologist and has over 40 years in mining and petroleum geology, mostly in minerals exploration and management in the United States and Africa. He has worked for Helca Mining Company, Gulf Mineral Resources Company, Continental Oil Company Minerals Department, World Nuclear, Kennecott Exploration Inc., Western Mining Corporation, Canyon Resources Corporation and Patrician Gold. Serving for five years in the US Army Corps of Engineers, reaching the rank of Captain, he had extensive leadership training and leadership roles including company commander, battalion adjutant (S-1) and senior advisor to a South Vietnamese Engineer Battalion. He has been Wyoming District Geologist for Conoco Minerals, Chief Geologist for World Nuclear, Uranium Program Manager for Kennecott Exploration, Vice President of Geology and Exploration for Western Mining Corporation (Liberia), Deputy Managing Director for Canyon Resources (Africa) and a Director of Patrician Gold. He has also been the president of the consulting companies Boberg GeoTech International and Africa Mineral Resource Specialists. He has extensive experience in the exploration for and development of uranium deposits and has authored a number of papers on uranium geology and uranium exploration in Wyoming.
Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Corporation trade on the Toronto Stock Exchange under the symbol URE.
James M. Franklin, P. Geo., Director and Chief Geologist, is the qualified person for this release.
This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor). Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.
SOURCE: Ur-Energy Inc.
Ur-Energy Inc. Jonathan Buick - Investor Relations Advisor 1 (877) 748-0914 (416) 915-0915 (Toronto Office) jbuick@buickgroup.com www.ur-energy.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
Gruss
L_L
1.27 CAN$ +0.09 CAN$ +7.63%
Zwischenzeitlich neuer Höchststand bei 1.32 CAN$ erreicht.
Zwischenzeitlich neuer Höchststand bei 1.32 CAN$ erreicht.
1.40CAN$ +0.13CAN$ +10.24%
TSX SYMBOL: URE
January 16, 2006
Ur-Energy Appoints W. William Boberg as a Director
OTTAWA, ONTARIO--(CCNMatthews - Jan. 16, 2006) - (TSX:URE) Further to the press
release of January 12, 2006 announcing Director and Officer changes, Dr. James
Franklin, on behalf of the Board of Directors of Ur-Energy Inc. (Ur-Energy or
the Corporation) announces that the Board has appointed W. William Boberg as
President and Interim CEO and as a Director of the Corporation.
Ur-Energy is a dynamic junior mining company engaged in the identification,
acquisition and exploration of uranium properties in Canada and in the United
States. Shares of the Corporation trade on the Toronto Stock Exchange under the
symbol URE.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT:
Ur-Energy
Jonathan Buick
Investor Relations Advisor
1 (877) 748-0914
jbuick@buickgroup.com
www.ur-energy.com
OR
Ur-Energy
Toronto office
1 (416) 915-0915
INDUSTRY: PCS - Mining - Precious Metals
SUBJECT: BRD - BOARD OF DIRECTORS
FOR: Ur-Energy Inc.
TSX SYMBOL: URE
TSX SYMBOL: URE
January 16, 2006
Ur-Energy Appoints W. William Boberg as a Director
OTTAWA, ONTARIO--(CCNMatthews - Jan. 16, 2006) - (TSX:URE) Further to the press
release of January 12, 2006 announcing Director and Officer changes, Dr. James
Franklin, on behalf of the Board of Directors of Ur-Energy Inc. (Ur-Energy or
the Corporation) announces that the Board has appointed W. William Boberg as
President and Interim CEO and as a Director of the Corporation.
Ur-Energy is a dynamic junior mining company engaged in the identification,
acquisition and exploration of uranium properties in Canada and in the United
States. Shares of the Corporation trade on the Toronto Stock Exchange under the
symbol URE.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT:
Ur-Energy
Jonathan Buick
Investor Relations Advisor
1 (877) 748-0914
jbuick@buickgroup.com
www.ur-energy.com
OR
Ur-Energy
Toronto office
1 (416) 915-0915
INDUSTRY: PCS - Mining - Precious Metals
SUBJECT: BRD - BOARD OF DIRECTORS
FOR: Ur-Energy Inc.
TSX SYMBOL: URE
Trading Spotlight
January 23, 2006
Confirmation Drilling Completed at Ur-Energy`s Lost Creek Project
OTTAWA, ONTARIO--(CCNMatthews - Jan. 23, 2006) - Ur-Energy (TSX:URE) announced
today that it has completed the confirmation drilling program on its Lost Creek
deposit in the Great Divide Basin of Wyoming. The Lost Creek deposit is
located 12 miles southwest of Ur-Energy`s Lost Soldier Deposit (See Ur-Energy
press release dated December 15, 2005) which has a relevant historic
demonstrated resource of 6.2 million pounds U3O8 in 2.1 million tons (mt) with
an average grade of 0.15% U3O8 plus a relevant historic inferred resource of
3.8 million pounds U3O8 in 1.2 mt with an average grade of 0.16% U3O8 also
located in the Great Divide Basin. URE controls 177 unpatented mining claims
and one State of Wyoming lease (approximately 4,100 acres; 1,650 hectares) at
Lost Creek.
The Lost Creek deposit is defined by 540 drill holes which are part of the
2,900 drill hole Lost Creek database owned by Ur-Energy which was originally
drilled during the 1970`s to 1980`s, and covers extensive parts of the Great
Divide Basin. The Company is digitizing all data so that a 43-101-compliant
resource can be calculated, in order to proceed with the company`s permitting
process and pre-feasibility production studies. There have been a number of
resource estimates completed by various operators since 1978. In 1982,
Texasgulf reported that the Lost Creek property contains a total of 5.7 million
lbs of U3O8 in 4.6 mt at an average grade of 0.062% U3O8. (See technical report
on the Great Divide Basin Properties Wyoming prepared by Roscoe Postle
Associates and filed on SEDAR on November 7, 2005).
At Lost Creek, the confirmation drilling program of 12 holes totaled 9,600 feet
(2,926 meters). This tested an historically defined mineralized area 3,300
feet long (one kilometer) and up to 600 feet (180 meters) wide in the
east-central part of the property. Five different mineralized sandstone units
(oxidation/reduction fronts) were re-examined. From nine of the drill holes a
total of 472.5 feet (144 meters) of three inch (76 mm) diameter core were
extracted from selected mineralized horizons, at 95.8% core recovery, for
chemical and metallurgical laboratory testing
Following standard industry practice for Wyoming sandstone uranium deposits,
all holes were logged with a downhole geophysical probe for resistivity and
natural gamma radiation. Note that the historic drill hole database consists
primarily of logs for which gamma equivalent uranium grades were calculated, a
typical and reliable exploration practice for these types of deposits.
Preliminary results from the current drilling confirm the historic data.
Several types of chemical and petrophysical analyses are currently being
completed on the core. These data will be evaluated and announced in the future.
Ur-Energy is proceeding rapidly with better definition of all of the resources
that it holds in the State of Wyoming. The historic resources will be upgraded
to be compliant with the resource definitions as required by NI43-101, through
added drilling, new gamma and chemical analyses, and a complete re-evaluation
of the older data. The Company has a full complement of resource specialists in
uranium exploration, In Situ Leach mine engineering and marketing that are
analyzing the data.
Ur-Energy is a dynamic junior mining company engaged in the identification,
acquisition and exploration of uranium properties in Canada and in the United
States. Shares of the Corporation trade on the Toronto Stock Exchange under the
symbol URE. The Corporation`s website is at www.ur-energy.com
W. William Boberg, P. Geo., President and CEO of the company, is the qualified
person for URE.
The resources stated above are historical in nature and were compiled before
the implementation of National Instrument 43-101 reporting standards. Recent
independent verification of the data has not been performed and the Company has
not completed sufficient exploration to verify the historical resource
estimates. The historical resources were prepared to industry standards in
place at the time and are considered relevant today. The historical resources
noted above are not in agreement with the CIM definitions as required by NI
43-101 defined resources or reserves verified by a qualified person and the
historical estimates should not be relied upon.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT:
Ur-Energy Inc.
Jonathan Buick
Investor Relations Advisor
1 (877) 748-0914
1 (416) 915-0915
jbuick@buickgroup.com
INDUSTRY: PCS - Mining - Precious Metals
SUBJECT: MEX - MINING EXPLORATION UPDATE
FOR: Ur-Energy Inc.
TSX SYMBOL: URE
Confirmation Drilling Completed at Ur-Energy`s Lost Creek Project
OTTAWA, ONTARIO--(CCNMatthews - Jan. 23, 2006) - Ur-Energy (TSX:URE) announced
today that it has completed the confirmation drilling program on its Lost Creek
deposit in the Great Divide Basin of Wyoming. The Lost Creek deposit is
located 12 miles southwest of Ur-Energy`s Lost Soldier Deposit (See Ur-Energy
press release dated December 15, 2005) which has a relevant historic
demonstrated resource of 6.2 million pounds U3O8 in 2.1 million tons (mt) with
an average grade of 0.15% U3O8 plus a relevant historic inferred resource of
3.8 million pounds U3O8 in 1.2 mt with an average grade of 0.16% U3O8 also
located in the Great Divide Basin. URE controls 177 unpatented mining claims
and one State of Wyoming lease (approximately 4,100 acres; 1,650 hectares) at
Lost Creek.
The Lost Creek deposit is defined by 540 drill holes which are part of the
2,900 drill hole Lost Creek database owned by Ur-Energy which was originally
drilled during the 1970`s to 1980`s, and covers extensive parts of the Great
Divide Basin. The Company is digitizing all data so that a 43-101-compliant
resource can be calculated, in order to proceed with the company`s permitting
process and pre-feasibility production studies. There have been a number of
resource estimates completed by various operators since 1978. In 1982,
Texasgulf reported that the Lost Creek property contains a total of 5.7 million
lbs of U3O8 in 4.6 mt at an average grade of 0.062% U3O8. (See technical report
on the Great Divide Basin Properties Wyoming prepared by Roscoe Postle
Associates and filed on SEDAR on November 7, 2005).
At Lost Creek, the confirmation drilling program of 12 holes totaled 9,600 feet
(2,926 meters). This tested an historically defined mineralized area 3,300
feet long (one kilometer) and up to 600 feet (180 meters) wide in the
east-central part of the property. Five different mineralized sandstone units
(oxidation/reduction fronts) were re-examined. From nine of the drill holes a
total of 472.5 feet (144 meters) of three inch (76 mm) diameter core were
extracted from selected mineralized horizons, at 95.8% core recovery, for
chemical and metallurgical laboratory testing
Following standard industry practice for Wyoming sandstone uranium deposits,
all holes were logged with a downhole geophysical probe for resistivity and
natural gamma radiation. Note that the historic drill hole database consists
primarily of logs for which gamma equivalent uranium grades were calculated, a
typical and reliable exploration practice for these types of deposits.
Preliminary results from the current drilling confirm the historic data.
Several types of chemical and petrophysical analyses are currently being
completed on the core. These data will be evaluated and announced in the future.
Ur-Energy is proceeding rapidly with better definition of all of the resources
that it holds in the State of Wyoming. The historic resources will be upgraded
to be compliant with the resource definitions as required by NI43-101, through
added drilling, new gamma and chemical analyses, and a complete re-evaluation
of the older data. The Company has a full complement of resource specialists in
uranium exploration, In Situ Leach mine engineering and marketing that are
analyzing the data.
Ur-Energy is a dynamic junior mining company engaged in the identification,
acquisition and exploration of uranium properties in Canada and in the United
States. Shares of the Corporation trade on the Toronto Stock Exchange under the
symbol URE. The Corporation`s website is at www.ur-energy.com
W. William Boberg, P. Geo., President and CEO of the company, is the qualified
person for URE.
The resources stated above are historical in nature and were compiled before
the implementation of National Instrument 43-101 reporting standards. Recent
independent verification of the data has not been performed and the Company has
not completed sufficient exploration to verify the historical resource
estimates. The historical resources were prepared to industry standards in
place at the time and are considered relevant today. The historical resources
noted above are not in agreement with the CIM definitions as required by NI
43-101 defined resources or reserves verified by a qualified person and the
historical estimates should not be relied upon.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT:
Ur-Energy Inc.
Jonathan Buick
Investor Relations Advisor
1 (877) 748-0914
1 (416) 915-0915
jbuick@buickgroup.com
INDUSTRY: PCS - Mining - Precious Metals
SUBJECT: MEX - MINING EXPLORATION UPDATE
FOR: Ur-Energy Inc.
TSX SYMBOL: URE
Ur-Energy Inc. Updates Historical Resource Base to Exceed 80 Million Pounds U3O8
3/21/2006
DENVER, COLORADO, Mar 21, 2006 (CCNMatthews via COMTEX) --
Ur-Energy Inc. ("Ur-Energy" or the "Company" ) (TSX:URE) announced today that the extensive data base which is owned by the Company demonstrates that Ur-Energy's properties in Wyoming contain historical resources exceeding 80 million pounds U3O8. These resources are not NI 43-101 compliant but are quoted as previously calculated resource estimates by major mining companies or qualified consultants that worked on the properties prior to Ur-Energy's involvement.
Previously, Ur-Energy carried its' relevant historic resources at 19 million pounds, at a time when the Company had made purchase agreements with the land holders. Since then Ur-Energy has hired an exceptional staff of uranium geologists and mining engineers and has had the opportunity to examine tens of thousands of files, drill logs, plans and drill sections and reports.
In addition, the Company purchased a significant data base from a major company on certain of its properties in Wyoming. "The combination of both data bases provided an incredible amount of additional information which significantly changed our historical resource inventory" said Bill Boberg, President and CEO of Ur-Energy. "Our people have been working diligently for the past year to absorb a tremendous amount of data, none of which was digital, therefore delaying our release of an update on the Company's properties. "We are pleased to now be able to provide historical resources on the claims we hold in Wyoming. However, our historical resource inventory is not yet complete; additional updates will be released as we continue our literature and data compilation".
Ur-Energy controls nine properties in Wyoming, one of the most mining friendly States in the USA to explore for and mine uranium. The current Governor of Wyoming has endorsed the fact that the State is open for business in all areas of resource development, including uranium.
Of the nine properties held by Ur-Energy, five are in the Great Divide Basin; two of these (Lost Soldier and Lost Creek) contain major, well drill-defined historical resources. The Company previously reported (Ur-Energy press release dated January 23, 2006) that it had completed a drilling program which will lead to a NI 43-101 defined resource and will enable Ur-Energy to rapidly advance both deposits to production. At Lost Soldier, production is expected to start as early as 2008.
The table below presents the gross historical resources defined in the Company data base by property:
---------------------------------------------------------------------
Historic Report Historical Resource
Operator Date Pounds U3O8 (avg % U3O8)
---------------------------------------------------------------------
Lost Soldier Project
---------------------------------------------------------------------
Cameco Corp. AIF 1998 26,620,000 (N/A)
---------------------------------------------------------------------
Lost Creek Project
---------------------------------------------------------------------
Conoco - Texasgulf 1978 12,800,000 (0.044%)
---------------------------------------------------------------------
Radon Springs Project
---------------------------------------------------------------------
Texasgulf 1978 34,319,000 (0.020%)
---------------------------------------------------------------------
North Hadsell
---------------------------------------------------------------------
Richard Fruchey 1991 7,700,000 (N/A)
---------------------------------------------------------------------
Kaycee
---------------------------------------------------------------------
Washtenaw Energy Corp. 1982 & 3,204,000 (0.11%)
& Fruchey & Eichorn 1978
---------------------------------------------------------------------
TOTAL 84,643,000 pounds U3O8
---------------------------------------------------------------------
NOTE: (The resources stated above are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. Recent independent verification of the data has not been performed, except for the Lost Soldier and Lost Creek deposits whereby the Company is currently determining a NI 43-101 compliant resource estimate. The Company has not completed sufficient exploration on its other properties to verify the historical resource estimates. The historical resources were prepared to industry standards in place at the time and are considered relevant today. The historical resources noted above are not in agreement with the CIM definitions as required by NI 43-101 defined resources or reserves verified by a qualified person and the historical estimates should not be relied upon.)
Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Company trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy has its registered corporate office in Ottawa, Canada. The Company's website is at www.Ur-Energy.com.
The Qualified Person in the United States for Ur-Energy Inc., as defined by National Instrument 43-101, is W. William Boberg, President and CEO.
This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor). Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.
SOURCE: UR-ENERGY INC.
Jonathan Buick Ur Energy's Investor Relations Advisor (877) 748-0914 or (416) 915-0915 jbuick@buickgroup.com Ur-Energy Inc. Bill Boberg President and CEO (720) 981-4588 billb@Ur-EnergyUSA.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
3/21/2006
DENVER, COLORADO, Mar 21, 2006 (CCNMatthews via COMTEX) --
Ur-Energy Inc. ("Ur-Energy" or the "Company" ) (TSX:URE) announced today that the extensive data base which is owned by the Company demonstrates that Ur-Energy's properties in Wyoming contain historical resources exceeding 80 million pounds U3O8. These resources are not NI 43-101 compliant but are quoted as previously calculated resource estimates by major mining companies or qualified consultants that worked on the properties prior to Ur-Energy's involvement.
Previously, Ur-Energy carried its' relevant historic resources at 19 million pounds, at a time when the Company had made purchase agreements with the land holders. Since then Ur-Energy has hired an exceptional staff of uranium geologists and mining engineers and has had the opportunity to examine tens of thousands of files, drill logs, plans and drill sections and reports.
In addition, the Company purchased a significant data base from a major company on certain of its properties in Wyoming. "The combination of both data bases provided an incredible amount of additional information which significantly changed our historical resource inventory" said Bill Boberg, President and CEO of Ur-Energy. "Our people have been working diligently for the past year to absorb a tremendous amount of data, none of which was digital, therefore delaying our release of an update on the Company's properties. "We are pleased to now be able to provide historical resources on the claims we hold in Wyoming. However, our historical resource inventory is not yet complete; additional updates will be released as we continue our literature and data compilation".
Ur-Energy controls nine properties in Wyoming, one of the most mining friendly States in the USA to explore for and mine uranium. The current Governor of Wyoming has endorsed the fact that the State is open for business in all areas of resource development, including uranium.
Of the nine properties held by Ur-Energy, five are in the Great Divide Basin; two of these (Lost Soldier and Lost Creek) contain major, well drill-defined historical resources. The Company previously reported (Ur-Energy press release dated January 23, 2006) that it had completed a drilling program which will lead to a NI 43-101 defined resource and will enable Ur-Energy to rapidly advance both deposits to production. At Lost Soldier, production is expected to start as early as 2008.
The table below presents the gross historical resources defined in the Company data base by property:
---------------------------------------------------------------------
Historic Report Historical Resource
Operator Date Pounds U3O8 (avg % U3O8)
---------------------------------------------------------------------
Lost Soldier Project
---------------------------------------------------------------------
Cameco Corp. AIF 1998 26,620,000 (N/A)
---------------------------------------------------------------------
Lost Creek Project
---------------------------------------------------------------------
Conoco - Texasgulf 1978 12,800,000 (0.044%)
---------------------------------------------------------------------
Radon Springs Project
---------------------------------------------------------------------
Texasgulf 1978 34,319,000 (0.020%)
---------------------------------------------------------------------
North Hadsell
---------------------------------------------------------------------
Richard Fruchey 1991 7,700,000 (N/A)
---------------------------------------------------------------------
Kaycee
---------------------------------------------------------------------
Washtenaw Energy Corp. 1982 & 3,204,000 (0.11%)
& Fruchey & Eichorn 1978
---------------------------------------------------------------------
TOTAL 84,643,000 pounds U3O8
---------------------------------------------------------------------
NOTE: (The resources stated above are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. Recent independent verification of the data has not been performed, except for the Lost Soldier and Lost Creek deposits whereby the Company is currently determining a NI 43-101 compliant resource estimate. The Company has not completed sufficient exploration on its other properties to verify the historical resource estimates. The historical resources were prepared to industry standards in place at the time and are considered relevant today. The historical resources noted above are not in agreement with the CIM definitions as required by NI 43-101 defined resources or reserves verified by a qualified person and the historical estimates should not be relied upon.)
Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Company trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy has its registered corporate office in Ottawa, Canada. The Company's website is at www.Ur-Energy.com.
The Qualified Person in the United States for Ur-Energy Inc., as defined by National Instrument 43-101, is W. William Boberg, President and CEO.
This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor). Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.
SOURCE: UR-ENERGY INC.
Jonathan Buick Ur Energy's Investor Relations Advisor (877) 748-0914 or (416) 915-0915 jbuick@buickgroup.com Ur-Energy Inc. Bill Boberg President and CEO (720) 981-4588 billb@Ur-EnergyUSA.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
April 6, 2006
Ur-Energy Inc. Increases Historical Resource Base with Property Consolidation
DENVER, COLORADO--(CCNMatthews - April 6, 2006) - Ur-Energy Inc. ("Ur-Energy" or the "Company") (TSX:URE) announced today that the property trade recently entered into with Energy Metals Corporation (Energy Metals) (Ur-Energy press release dated April 6, 2006) results in an addition of resources of 2.7 million pounds U3O8 to its historical resource base. These resources are not NI 43-101 compliant but are previously calculated resource estimates by a major mining company that worked on the properties prior to Ur-Energy's involvement.
"Our property trade with Energy Metals has enabled us to consolidate our land position at our Bootheel project in the Eastern Shirley Basin of Wyoming. This property was previously carried by a major uranium company as containing 2.7 million pounds U3O8" said Bill Boberg, President and CEO of Ur-Energy.
Ur-Energy controls nine properties in Wyoming, one of the most mining-friendly States in the USA in which to explore for and mine uranium. The current Governor of Wyoming has endorsed the fact that the State is open for business in all areas of resource development, including uranium.
Of the nine properties held by Ur-Energy, five are in the Great Divide Basin; two of these (Lost Soldier and Lost Creek) contain major, well drill-defined historical resources. The Company previously reported (Ur-Energy press release dated January 23, 2006) that it completed a drilling program which will lead to an NI 43-101 defined resource and which will enable Ur-Energy to rapidly advance both deposits to production. At Lost Soldier, production is expected to start as early as 2008.
In a Press Release dated March 20, 2006, Ur-Energy reported that it had a total historical resource of 84.6 million pounds U3O8 based on historical reports in its extensive database. With the addition of these historical resources for the Bootheel project, Ur-Energy now has 87.3 million pounds of historical uranium resource. "We expect to continue to add to our resource base as well as to maximize the value of our Company to our shareholders through similar property consolidations, joint ventures, or using our extensive data base in project generation, data trades and sales" said Boberg.
NOTE: (The resources stated above are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. Recent independent verification of the data has not been performed, except for the Lost Soldier and Lost Creek deposits whereby the Company is currently determining a NI 43-101 compliant resource estimate. The Company has not completed sufficient exploration on its other properties to verify the historical resource estimates. The historical resources were prepared to industry standards in place at the time and are considered relevant today. The historical resources noted above are not in agreement with the CIM definitions as required by NI 43-101 defined resources or reserves verified by a qualified person and the historical estimates should not be relied upon.)
Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Company trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy has its registered corporate office in Ottawa, Canada. The Company's website is at www.Ur-Energy.com.
The Qualified Person for Ur-Energy Inc., as defined by National Instrument 43-101, is W. William Boberg, President and CEO.
This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.
CONTACT INFORMATION
Ur-Energy Inc.
Jonathan Buick
Investor Relations Advisor
(416) 915-0915 or (877) 748-0914
jbuick@buickgroup.com
or
Ur-Energy Inc.
Denver corporate offices
Bill Boberg
President, CEO
(720) 981-4588
billb@Ur-EnergyUSA.com
Ur-Energy Inc. Increases Historical Resource Base with Property Consolidation
DENVER, COLORADO--(CCNMatthews - April 6, 2006) - Ur-Energy Inc. ("Ur-Energy" or the "Company") (TSX:URE) announced today that the property trade recently entered into with Energy Metals Corporation (Energy Metals) (Ur-Energy press release dated April 6, 2006) results in an addition of resources of 2.7 million pounds U3O8 to its historical resource base. These resources are not NI 43-101 compliant but are previously calculated resource estimates by a major mining company that worked on the properties prior to Ur-Energy's involvement.
"Our property trade with Energy Metals has enabled us to consolidate our land position at our Bootheel project in the Eastern Shirley Basin of Wyoming. This property was previously carried by a major uranium company as containing 2.7 million pounds U3O8" said Bill Boberg, President and CEO of Ur-Energy.
Ur-Energy controls nine properties in Wyoming, one of the most mining-friendly States in the USA in which to explore for and mine uranium. The current Governor of Wyoming has endorsed the fact that the State is open for business in all areas of resource development, including uranium.
Of the nine properties held by Ur-Energy, five are in the Great Divide Basin; two of these (Lost Soldier and Lost Creek) contain major, well drill-defined historical resources. The Company previously reported (Ur-Energy press release dated January 23, 2006) that it completed a drilling program which will lead to an NI 43-101 defined resource and which will enable Ur-Energy to rapidly advance both deposits to production. At Lost Soldier, production is expected to start as early as 2008.
In a Press Release dated March 20, 2006, Ur-Energy reported that it had a total historical resource of 84.6 million pounds U3O8 based on historical reports in its extensive database. With the addition of these historical resources for the Bootheel project, Ur-Energy now has 87.3 million pounds of historical uranium resource. "We expect to continue to add to our resource base as well as to maximize the value of our Company to our shareholders through similar property consolidations, joint ventures, or using our extensive data base in project generation, data trades and sales" said Boberg.
NOTE: (The resources stated above are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. Recent independent verification of the data has not been performed, except for the Lost Soldier and Lost Creek deposits whereby the Company is currently determining a NI 43-101 compliant resource estimate. The Company has not completed sufficient exploration on its other properties to verify the historical resource estimates. The historical resources were prepared to industry standards in place at the time and are considered relevant today. The historical resources noted above are not in agreement with the CIM definitions as required by NI 43-101 defined resources or reserves verified by a qualified person and the historical estimates should not be relied upon.)
Ur-Energy is a dynamic junior mining company engaged in the identification, acquisition and exploration of uranium properties in Canada and in the United States. Shares of the Company trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy has its registered corporate office in Ottawa, Canada. The Company's website is at www.Ur-Energy.com.
The Qualified Person for Ur-Energy Inc., as defined by National Instrument 43-101, is W. William Boberg, President and CEO.
This release contains forward-looking statements regarding capital and processing cost estimates, production rates, amounts, timetables and methods, mining methods, metallurgical recovery rates, government permitting timetables and strategic plans and are based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and other costs varying significantly from estimates, production rates, methods and amounts varying from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in development and other factor. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward looking statements. The forward-looking statements contained herein are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances.
CONTACT INFORMATION
Ur-Energy Inc.
Jonathan Buick
Investor Relations Advisor
(416) 915-0915 or (877) 748-0914
jbuick@buickgroup.com
or
Ur-Energy Inc.
Denver corporate offices
Bill Boberg
President, CEO
(720) 981-4588
billb@Ur-EnergyUSA.com
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