Material Event Form 8 K

Item 8.01 Other Events.

As previously reported, on July 29, 2024, Ur-Energy Inc. (the "Company") issued and sold 57,150,000 of the Company's common shares, no par value (the "Common Shares"), at a public offering price of $1.05 per Common Share, in an underwritten public offering pursuant to the Underwriting Agreement (the "Underwriting Agreement"), dated July 26, 2024, between the Company and Cantor Fitzgerald & Co., as representative of the underwriters named therein (the "Underwriters").

Under the terms of the Underwriting Agreement, the Company granted the Underwriters a 30-day option to purchase up to 8,572,500 additional Common Shares (the "Option Shares") at a public offering price of $1.05 per Option Share, less underwriting discounts and commissions (the "Underwriters' Option"). On July 30, 2024, the Underwriters exercised in full their option to purchase the Option Shares. The exercise closed on July 31, 2024. The gross proceeds to the Company from the exercise of the Underwriters' Option are expected to be approximately $9.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company, or approximately $69.0 million in aggregate for the offering (including the exercise of the Underwriters' Option). All of the securities in the offering are being sold by the Company.