Ur-Energy completes US$6.46 million bought deal financing

On February 17, 2016, Ur-Energy Inc. (Ur-Energy) announced the completion of a bought deal financing with a syndicate of investment dealers led by Cantor Fitzgerald Canada Corporation and including Raymond James Ltd. and Dundee Securities Ltd. (the Underwriters), where the Underwriters purchased, on a bought-deal basis, 12,921,000 common shares of Ur-Energy for aggregate gross proceeds of US$6.46 million. This included 921,000 common shares acquired pursuant to the partial exercise of the Underwriters' over-allotment option. Ur-Energy plans to use proceeds to advance operations and development of its Lost Creek Project, a recovery uranium facility in south-central Wyoming, as well as for payment of ongoing debt service obligations and for general corporate purposes. Fasken Martineau advised Ur-Energy with a team that included Virginia Schweitzer, Robert Chapman, Julia Kennedy and Andrea Kruyne.