| Announcement Date: | 2022-03-09 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Ur-Energy Inc. |
| Project name: | Lost Creek |
| Location: | United States |
| Commodities: | Uranium |
| Highlight: | PEA results incl. post-tax NPV (8%) of US$156.79M & IRR of 66.8% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Preliminary Economic Assessment (Report) for the Lost Creek Property (the Property) has been prepared for Ur-Energy Inc. (URE) and its subsidiaries, Lost Creek ISR, LLC (LC) and NFU Wyoming, LLC under the supervision of Western Water Consultants, Inc., d/b/a WWC Engineering (WWC), pursuant to Canadian National Instrument 43-101, “Standards of Disclosure for Mineral Projects” (NI 43-101). Its objective is to evaluate the technical and economic viability of the Property using the most current scientific, engineering and technical information. This Report covers resource calculations from drilling activities and production operations information through December 31, 2021. The Property is situated in the northeastern part of the Great Divide Basin (GDB), which is underlain by up to 25,000 ft. of Paleozoic to Quaternary sedimentary units. Rock outcrops in the GDB are dominated by the Battle Spring Formation of Eocene age, which also hosts the uranium mineralization considered in this Report. The dominant lithology in the Battle Spring Formation is coarse arkosic sandstone, interbedded with intermittent mudstone, claystone and siltstone. Deposition occurred as alluvial-fluvial fan deposits within a south-southwest flowing paleodrainage. |
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