Ur-Energy Reports Strong Start to 2026 Projects

The company said, "Ur-Energy is off to a strong start in 2026 at both the Lost Soldier and North Hadsell Projects, delivering encouraging results in our work programs that demonstrate the upside potential of these assets. The objectives of our drilling were straightforward and value-driven: first, to gather critical hydrogeologic data at Lost Soldier to reduce risk and support efficient planning and permitting, and second, to identify new uranium roll-front targets at North Hadsell. Both projects are located near our producing Lost Creek uranium mine, providing increased potential to leverage existing infrastructure, reduce future development capital requirements, and expand our uranium mineral resource base in Wyoming's prolific Great Divide Basin. Lost Soldier Project Technical Report: Efforts are underway to define a mineral resource estimate using detailed roll-front mapping which will allow us to more accurately assess the potential for in situ recovery, a lower cost method than traditional mining, and provide more information for future project planning. Hydrogeologic Risk Reduction: 18 aquifer test wells have been installed to advance our understanding of local hydrogeology, an essential step in reducing project risk and better optimizing permitting, development assumptions, wellfield design, and future development decisions. Testing is expected to begin in Q1 2026. Strategic Proximity to Operations: Lost Soldier is a 17-mile drive from the Company's producing Lost Creek ISR mine and processing facility, which may enable capital-efficient development by leveraging established infrastructure and operating expertise. North Hadsell Project Early Exploration Success: Initial results from the ongoing 50-hole drill program are encouraging, with 16 deep, wide-spaced holes completed including five holes that intersected significant uranium mineralization, with 11 intercepts greater than 0.20 Grade Thickness. Multiple Stacked Roll-Front Horizons: Exploration at North Hadsell has confirmed the presence of multiple stacked roll-front horizons with grades and thicknesses similar to the Company's producing Lost Creek ISR mine, supporting confidence in recovery potential. Project Scale: Two of the most compelling holes exhibit this stacked roll-front mineralization at similar depth horizons and are located approximately 1.5 miles apart, indicating the potential scale of the mineralized system."