Ms. Valerie Kimball reports

UR-ENERGY REPORTS RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Ur-Energy Inc. has released the results of the company's annual general and special meeting of shareholders held June 4, 2026, including the election of directors. Shareholders representing approximately 70.84 per cent of the company's issued and outstanding common shares were represented at the meeting.

Each of the nominee directors listed in the company's management proxy circular dated April 24, 2026, was elected as a director. The company received proxies with regard to voting on the eight director nominees as follows.

The company's independent auditor, BDO USA, PC, 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 97.63 per cent of the votes cast voting for the non-binding advisory vote.

The advisory vote on the preferred frequency of voting on executive compensation, or say when on pay, was returned with a vote of 98.20 per cent for every year, which was the recommendation made by the company. A total of 0.23 per cent of the votes were cast in favour of every two years and 0.70 per cent in favour of every three years (with 0.87 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 2032.

Renewal of the company's amended and restated stock option plan was approved by a majority of the votes represented (55.27 per cent).

About Ur-Energy Inc.

Ur-Energy is a uranium mining company operating the Lost Creek ISR (in situ recovery) uranium facility in south-central Wyoming, which has produced more than 3.5 million pounds of U3O8 (triuranium octoxide) since the commencement of operations, and the Shirley Basin ISR project in central Wyoming, which initiated operations in April, 2026. The combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U3O8.

Ur-Energy is engaged in uranium 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 NYSE American under the symbol URG. Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol URE. Ur-Energy's corporate headquarters is in Casper, Wyo., and its registered office is in Ottawa, Ont.