Court Denies Petitioner's Request to Stay Ur-Energy's Lost Creek Construction

Court Denies Petitioner's Request to Stay Ur-Energy's Lost Creek Construction 
LITTLETON, Colo., March 4, 2013 /CNW/ - Ur-Energy Inc. (TSX: URE, NYSE MKT: 
URG)  ("Ur-Energy" or the "Company") provides the following update regarding 
its Lost Creek Project (the "Project") and the current legal action seeking 
review of the BLM's Record of Decision (see Ur-Energy News Release, January 
29, 2013). 
On March 1, 2013 the U.S. District Court for Wyoming denied the petitioner's 
motion for preliminary injunction, which had sought to halt the ongoing 
construction and operations at the Lost Creek Project.  In a 24-page order, 
the Court determined that the petitioner failed to satisfy any of the legal 
elements required to obtain the injunction. In making the determination, the 
Court recognized the comprehensive five-year, multi-agency regulatory approval 
process conducted for the Lost Creek Project and the substantial progress of 
construction at the Project prior to the initiation of the legal challenge.  
The Court's order also includes a detailed finding that the petitioner "has 
not shown a substantial likelihood of success on the merits" of the case 
requesting the review of the BLM Record of Decision.  With the Court's order, 
Ur-Energy will continue construction at the Lost Creek Project as planned 
while the formal merits review of the BLM Record of Decision proceeds. 
Ur-Energy President and CEO Wayne Heili commented, "The Company is glad to 
receive the Court confirmation that our construction activities may continue 
at Lost Creek.  I am very pleased with the steady progress made at the Project 
site and the focus and professionalism shown by the Ur-Energy team throughout 
the construction effort.  Our team and the selected contractors have worked 
diligently to maintain the schedule we set out.  We look forward to achieving 
first production at Lost Creek later this year." 
At the Lost Creek Plant, the foundation work is complete, the large equipment 
has been set in place, and the building exterior is fully enclosed.  Multiple 
trades are currently working on the interior of the plant facilities.  The 
development of the first mine unit and other auxiliary facilities also remain 
on schedule.  Photographs of the progress of construction at Lost Creek are 
available at our website: 
About Ur-Energy 
Ur-Energy is a junior uranium mining company currently constructing its first 
in-situ recovery (ISR) uranium mine in south- central Wyoming at its fully 
licensed and permitted Lost Creek project.  The Lost Creek processing facility 
will have two million pounds per year capacity and is anticipated to be in 
production mid-year 2013.  Ur-Energy engages in the identification, 
acquisition, exploration and development of uranium projects in the United 
States and Canada.  Shares of Ur-Energy trade on the Toronto Stock Exchange 
under the symbol "URE" and on the NYSE MKT under the symbol "URG". Ur-Energy's 
corporate office is located in Littleton, Colorado; its registered office is 
in Ottawa, Ontario.  Ur-Energy's website is 
Wayne Heili, President and CEO 307-265-2373 866-981-4588 
This release may contain "forward-looking statements" within the meaning of 
applicable securities laws regarding events or conditions that may occur in 
the future (e.g., timing and outcome of the challenge to the BLM Record of 
Decision; timing of completion of construction and commencement of operations 
at Lost Creek) and are based on current expectations that, while considered 
reasonable by management at this time, inherently involve a number of 
significant business, economic and competitive risks, uncertainties and 
contingencies. Factors that could cause actual results to differ materially 
from any forward-looking statements include, but are not limited to, capital 
and other costs varying significantly from estimates; failure to establish 
estimated resources and reserves; the grade and recovery of ore which is mined 
varying from estimates; production rates, methods and amounts varying from 
estimates; delays in obtaining or failures to obtain required governmental, 
environmental or other project approvals; inflation; changes in exchange 
rates; fluctuations in commodity prices; delays in development and other 
factors. Readers should not place undue reliance on forward-looking 
statements. The forward-looking statements contained herein are based on the 
beliefs, expectations and opinions of management as of the date hereof and 
Ur-Energy disclaims any intent or obligation to update them or revise them to 
reflect any change in circumstances or in management's beliefs, expectations 
or opinions that occur in the future. 
PRN Photo Desk, 
SOURCE: Ur-Energy Inc. 
To view this news release in HTML formatting, please use the following URL: 
CO: Ur-Energy Inc.
ST: Colorado
-0- Mar/04/2013 11:30 GMT
Press spacebar to pause and continue. Press esc to stop.