Ur-Energy to Present November 30 at the Emerging Growth Conference

LITTLETON, November 22, 2022 - Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce that its CEO, John Cash, will present at the Emerging Growth Conference on Wednesday, November 30, 2022. The Conference is being held virtually.

Mr. Cash will provide an update on advance preparations at Lost Creek which will accelerate our ability to quickly ramp-up production when conditions warrant. Additionally, Mr. Cash looks forward to providing a progress report on our innovative R&D projects. One of the new technologies, on which we have filed a provisional patent, has the potential to reduce wellfield rig time and costs as well as to further reduce the already light environmental impact of our recovery methods. We are currently advancing testing on the technology. As time permits, Mr. Cash will respond to questions.

Mr. Cash is presenting Wednesday, November 30, 2022, from 9:40 a.m. to 10:10 a.m. Eastern Time.

Ur-Energy invites you to attend its live presentation at the Emerging Growth Conference. Please register to ensure you are able to attend the Conference and to receive updates that are released. Register here: https://goto.webcasts.com/starthere.jsp?ei=1575088&tp_key=b1fead5049&sti=urg

If you are unable to join Ur-Energy's presentation live, an archived webcast will be available on EmergingGrowth.com/Conference.

The Emerging Growth Conference includes companies in a wide range of growth sectors, with strong management teams, innovative products and services, focused strategy and execution. Its audience includes potentially thousands of individual and institutional investors, as well as investment advisors and analysts.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. We have produced, packaged, and shipped approximately 2.6 million pounds U₃O₈ from Lost Creek since the commencement of operations. Ur-Energy now has all major permits and authorizations to begin construction at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming and is in the process of obtaining remaining authorizations for the expansion of Lost Creek. Ur?Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur?Energy's common shares is on the NYSE American under the symbol "URG." Ur?Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario.

FOR FURTHER INFORMATION, PLEASE CONTACT

John W. Cash, Chairman, Chief Executive Officer and President
866-981-4588 (ext. 303)
John.Cash@Ur-Energy.com

Cautionary Note Regarding Forward-Looking Information

This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., the ability to readily ramp-up production operations when future development and construction priorities are determined; the viability of any of the Company's ongoing R&D efforts, including the timing and cost to successfully implement and operate one or more of such advances) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include factors described in the public filings made by the Company at www.sedar.com and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.

SOURCE: Ur-Energy Inc.