Ur-Energy Raises Funds for Ongoing Lost Creek Construction

LITTLETON, Colo., March 25, 2013 /CNW/ - Ur-Energy Inc. (TSX:URE, NYSE 
MKT:URG)  ("Ur-Energy" or the "Company") is pleased  to announce the closing 
of a uranium sales transaction that provides an immediate payment to the 
Company of approximately US$5.1 million.  Proceeds from the transaction will 
support the ongoing construction at the Company's flagship Lost Creek Project. 
(Logo: http://photos.prnewswire.com/prnh/20110913/LA67628LOGO) 
Ur-Energy, with the cooperation of one of its utility customers, assigned a 
portion of its contractual delivery obligations to Traxys, a large uranium and 
natural resource trading company, in exchange for a current cash payment.  
Ur-Energy has retained additional future delivery obligations under this and 
other previously announced uranium sales agreements. 
Ur-Energy President and CEO Wayne Heili commented, "The Company is pleased to 
have the assistance and support of our counter-parties in this transaction.  
The transaction, which might best be understood as a sale of contractual 
future product deliveries, has allowed the Company to raise funds without 
dilution to our shareholder's interests or repayment obligations.  The cash 
infusion will help Ur-Energy in maintaining a steady construction pace at Lost 
Creek while we await the finalization of the Wyoming Industrial Revenue Bond 
approval process." 
The construction efforts at the fully licensed Lost Creek project are 
continuing on-schedule for initial production this year. Electrical and 
pipe-fitting work has been initiated within the plant building.  Construction 
of an auxiliary shop building is also underway.  Two disposal wells have been 
installed and developed.  The construction of the first mine unit also remains 
on schedule while the pipeline between the plant and mine unit facilities is 
being installed.  Updated photographs of the progress of construction at Lost 
Creek are available at our website:  www.ur-energy.com. 
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 
|FOR FURTHER INFORMATION, PLEASE CONTACT                                                                        |        
|Rich Boberg, Director, IR/PR                                                                                   |Wayne 
Heili, President and CEO                                                                                 |
|303-269-7707                                                                                                   |307-265-2373                                                                                                   |
|866-981-4588                                                                                                   |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 of completion of construction and commencement of 
operations at Lost Creek; ability and timing to raise additional funds, 
including the state bonds process) 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, photodesk@prnewswire.com 
SOURCE: Ur-Energy Inc. 
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CO: Ur-Energy Inc.
ST: Colorado
-0- Mar/25/2013 21:59 GMT
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