Mr. John Cash reports

UR-ENERGY ANNOUNCES APPOINTMENT OF MATTHEW GILI AS PRESIDENT AS UR-ENERGY ADVANCES WYOMING URANIUM PRODUCTION

Ur-Energy Inc. has appointed Matthew D. Gili as Ur-Energy's president as a part of the company's succession planning and plans for strategic growth.

Ur-Energy is progressing toward full production levels at Lost Creek and quickly moving toward production operations at its second mine at Shirley basin. At full production, the company expects to mine up to 2.2 million pounds of uranium annually. The addition of Mr. Gili strengthens the company's experienced management team to support the drive toward full-scale production at Lost Creek and Shirley basin and the implementation of the company's strategic development plans.

Ur-Energy chairman and chief executive officer John Cash stated: "We are pleased to expand our executive team with the addition of Matt Gili as president. Matt has a decades long career in all aspects of mining operations, having started with major mining companies Rio Tinto and Barrick, before earning strong executive management credentials with i-80 Gold and Nevada Copper.

"As a manager in operational settings, Matt has a proven track record of meeting cost budgets and exceeding production targets, as well as growing exploration and development targets. Matt has successfully built and led management teams, navigated the capital markets, and engaged with various stakeholders in his recent executive roles. We are confident Matt's operational, strategic planning and management background will greatly benefit Ur-Energy as we continue to grow the company. The addition of Matt fully aligns with our growth strategy, plans to capitalize on the Trump Administration's recent executive orders promoting the U.S. nuclear fuel cycle industries, and Ur-Energy's goal of being the leading producer of U.S. recovered uranium."

Mr. Gili is a professional engineer with deep C-suite experience having served as a chief executive officer, chief operating officer, chief technical officer and executive general manager. Mr. Gili has served in executive roles with publicly traded mining companies, most recently as president and chief operating officer of i-80 Gold Corp. (2021 to 2025) and, prior to that, as chief executive officer with Nevada Copper Corp. (2018 to 2020).

Mr. Gili's strong technical experience includes having been executive general manager of the Cortez district, leading one of Barrick's top mining operations in Nevada, from which Mr. Gili was promoted to chief technical officer for Barrick. Additional operational experience includes roles with Rio Tinto as the managing director of the Palabora Mining Company in South Africa and chief operating officer of Oyu Tolgoi in Mongolia. Passionate about safety and environmental stewardship Mr. Gili previously acted as chairman of the Palabora Foundation, and chairman of the Mongolian Safety Association.

Mr. Gili, Ur-Energy president, states: "I am extremely excited to join Ur-Energy and work with John and the outstanding management team. There is significant value to unlock with the advancement of Lost Creek, Shirley basin and the company's exploration projects. I look forward to contributing to the realization of the full potential of the current operations and the continued growth of Ur-Energy's resource base and other growth strategies."

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. The company has produced and packaged approximately 2.9 million pounds U3O8 (triuranium octoxide) from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley basin, the company's second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the New York Stock Exchange under the symbol URG. Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy's corporate office is in Littleton, Colo., and its registered office is in Ottawa, Ont.

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