SCHEDULE 13G/A: Segra Capital Group Confirms 8.7% Stake in Ur-Energy

Segra Capital Management and its affiliates have reaffirmed their significant beneficial ownership of 8.7% in Ur-Energy Inc., totaling 31,820,004 common shares.

Summary

• Segra Capital Management, LLC, Segra Global Management, LLC, Adam Rodman, and Segra Resource Partners, LP jointly reported beneficial ownership of 31,820,004 shares of Ur-Energy Inc. common stock.
• This aggregate amount represents 8.7% of Ur-Energy's outstanding common stock, based on 364,819,260 shares reported in the issuer's Form 10-Q filed on May 8, 2025.
• The reporting persons hold shared voting power and shared dispositive power over all 31,820,004 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Ur-Energy Inc., with the exception of activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: The filing confirms a substantial institutional investment, which generally indicates confidence in the company's value and future prospects, despite being an amendment rather than a new entry.

Positives

• A significant institutional stake of 8.7% by Segra Capital Management and its affiliates signals strong confidence in Ur-Energy Inc.'s long-term prospects.
• The investment is stated to be in the ordinary course of business, suggesting a strategic, long-term holding rather than short-term speculation.

Negatives

• The filing does not provide details on whether this ownership percentage represents an increase or decrease from previous filings, limiting insight into recent investor sentiment changes.

Risks

• While the shares are not held for the purpose of changing control, the reporting persons explicitly reserve the right to engage in activities solely in connection with a nomination under Rule 14a-11, indicating a potential for future influence on the board or management.

Industry Context

The confirmation of a significant institutional stake in Ur-Energy Inc. by Segra Capital Management, a firm known for its resource sector investments, underscores continued investor interest in the uranium and broader energy sectors. This aligns with a broader trend of strategic investments in companies positioned to benefit from evolving energy policies and demand.

Stakeholder Impact

• Shareholders may view the continued significant institutional ownership as a positive signal, potentially bolstering investor confidence and stability in the stock.
• Management and the Board of Directors will be aware of a large, engaged shareholder group, which could influence strategic decisions or corporate governance discussions, particularly given the Rule 14a-11 nomination clause.

Key Dates

Recommendation

The filing confirms a significant institutional stake in Ur-Energy Inc., which is generally a positive indicator of long-term confidence. However, as an amendment, it primarily updates or reaffirms an existing position rather than signaling a new, immediate catalyst for a 'buy' action based solely on this disclosure. It suggests stability and continued institutional interest, warranting a 'hold' for existing investors and further due diligence for potential new investors.

Keywords

Ur-Energy, Segra Capital Management, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investment, Uranium, Energy Sector