SCHEDULE 13G/A: Segra Capital Management Discloses 7.1% Stake in UR-ENERGY INC
Beneficial Ownership Disclosure
Segra Capital Management, along with its affiliates and Adam Rodman, has disclosed a 7.1% beneficial ownership stake in UR-ENERGY INC, totaling 25,675,312 common shares.
Summary
- Segra Capital Management, LLC, Segra Global Management, LLC, Adam Rodman, and Segra Resource Partners, LP have jointly filed a Schedule 13G Amendment No. 1 regarding their beneficial ownership in UR-ENERGY INC.
- The reporting persons collectively beneficially own 25,675,312 shares of UR-ENERGY INC's Common Stock.
- This ownership represents 7.1% of the total class of securities outstanding.
- The percentage is calculated based on 364,101,038 shares of Common Stock outstanding, as reported in UR-ENERGY INC's Form 10-Q filed on November 06, 2024.
- Segra Resource Partners, LP is the direct beneficial owner of the securities.
- Segra Capital Management, LLC acts as the investment adviser to the Fund, Segra Global Management, LLC is the General Partner, and Adam Rodman is the Managing Member of both Segra Capital Management and Segra Global Management.
- The securities were not acquired and are not held for the purpose of changing or influencing the control of UR-ENERGY INC.
Sentiment
Score: 6
Explanation: The filing is a passive disclosure of ownership, which is generally neutral. However, the establishment of a significant institutional stake can be interpreted as a positive signal of investor confidence in the company.
Positives
- A significant institutional investor, Segra Capital Management and its affiliates, has taken a 7.1% stake in UR-ENERGY INC, which may indicate confidence in the company's future prospects.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
UR-ENERGY INC operates in the uranium mining sector. The disclosure of a significant institutional stake by Segra Capital Management could reflect a broader investment thesis or bullish sentiment towards the uranium industry, potentially driven by global energy demands or supply dynamics.
Related Party Transactions
- The filing details a group of related entities and individuals acting in concert for beneficial ownership: Segra Capital Management, LLC (investment adviser), Segra Global Management, LLC (General Partner), Segra Resource Partners, LP (the Fund and direct owner), and Adam Rodman (Managing Member of Segra Capital Management and Segra Global Management). All are jointly filing and are deemed to beneficially own the same shares.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by Segra Capital Management may enhance investor confidence and potentially influence market perception of UR-ENERGY INC's stock.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of event which required the filing of this statement. |
| 11/06/2024 | Date UR-ENERGY INC's Form 10-Q was filed, reporting 364,101,038 shares of Common Stock outstanding. |
| 02/13/2025 | Date of filing of this Schedule 13G Amendment No. 1 and the Joint Filing Agreement. |
Keywords
UR-ENERGY INC, Segra Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Uranium, Energy Sector
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