Ur-Energy (URG) Corporate presentation summary

Operational overview

• Two ISR uranium facilities in Wyoming: Lost Creek (in production since 2013) and Shirley Basin (operations commenced April 2026).

• Combined licensed annual production and processing capacity of 4.2M pounds U3O8.

• Lost Creek has produced nearly 3.5M pounds to date, with a remaining mine life of 13 years.

• Shirley Basin has a 9-year mine life and a capacity of 2.0M pounds per year.

• ISR mining method minimizes land disturbance and environmental impact.

Resource base and scalability

• Combined measured and indicated resources for Lost Creek and Shirley Basin total 21.0M lbs, with 10.4M lbs inferred.

• Lost Creek: 11.9M lbs measured & indicated at 0.048% grade; 10.4M lbs inferred at 0.047% grade.

• Shirley Basin: 9.1M lbs measured & indicated at 0.22% grade.

• Lost Creek property covers ~35,000 acres with six contiguous project areas and ongoing exploration.

• Adjacent mineralization can be pipelined into Lost Creek plant, with new drilling planned for LC South in 2026.

Financial and economic highlights

• Lost Creek: all-in cost ~$55/lb, NPV (8%) $244.1M, IRR 65.7%, net cash flow $442.2M.

• Shirley Basin: all-in cost ~$50/lb, NPV (8%) $83M, IRR 69%, net cash flow $119M.

• Market cap as of May 2026 is ~$711M, with $120M in convertible notes issued December 2025.

• Share price on May 1, 2026: US $1.79 / C $2.42.