SCHEDULE: Segra Capital Reports 3.1% Stake in Ur-Energy

Segra Capital Management and its affiliates have reported a 3.1% beneficial ownership stake in Ur-Energy Inc., totaling 11,780,972 common shares.

Summary

• Segra Capital Management, LLC, Segra Global Management, LLC, Segra Resource Partners, LP, and Adam Rodman jointly filed an Amendment No. 3 to Schedule 13G.
• The reporting group beneficially owns 11,780,972 shares of Ur-Energy Inc. common stock.
• This ownership represents 3.1% of Ur-Energy Inc.'s outstanding common stock, based on 376,213,626 shares outstanding as reported in the Issuer's Form 10-Q filed on November 3, 2025.
• The reporting persons, as a group, hold sole voting power and sole dispositive power over all 11,780,972 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Ur-Energy Inc.

Sentiment

Score: 5

Explanation: The filing is a routine regulatory disclosure of beneficial ownership and does not contain information that inherently suggests a positive or negative sentiment regarding the company's performance or outlook.

Positives

• The disclosure of a 3.1% stake by an institutional investor group like Segra Capital Management can signal institutional confidence in Ur-Energy Inc.'s long-term prospects.
• The investment is stated to be in the ordinary course of business, indicating a passive, long-term interest rather than an activist stance.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Ur-Energy Inc.'s future operations or financial performance.

Industry Context

This filing indicates continued institutional interest in Ur-Energy Inc., a company operating in the uranium sector. Such disclosures are common for publicly traded companies and reflect investment decisions by various funds and individuals within the broader market for natural resources.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for reporting beneficial ownership below the 20% threshold by passive investors or qualified institutions.
• The 3.1% stake is a notable position for an institutional investor, indicating a significant, albeit passive, commitment to Ur-Energy Inc. within the competitive uranium mining industry.

Stakeholder Impact

• Shareholders may view the institutional ownership by Segra Capital Management as a positive signal of confidence in Ur-Energy Inc.'s value and future prospects.

Key Dates

Keywords

Ur-Energy Inc., Segra Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Uranium, Resource Partners