Roger L. Smith - 23 Dec 2025 Form 4 Insider Report for UR-ENERGY INC (URG)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Roger L. Smith
Issuer symbol: URG
Transactions as of: 23 Dec 2025
Net transactions value: +$28,416
Form type: 4
Filing time: 29 Dec 2025, 18:04:44 UTC
Previous filing: 29 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SMITH ROGER L.	CHIEF FINANCIAL OFFICER	10758 W. CENTENNIAL ROAD, SUITE 200, LITTLETON	/s/ Roger L. Smith	29 Dec 2025	0001595564

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	URG	Common Shares	Options Exercise	$28,416	+19,387	+3.1%	$1.47	651,562	23 Dec 2025	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	URG	Restricted share units (exchange for common shares)	Options Exercise	$0	+27,384	+60%	$0.000000	73,367	23 Dec 2025	Common Shares	27,384		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 7, 2023, the reporting person was granted 27,384 Restricted Share Units ("RSUs"). On redemption, 7,997 RSUs were withheld by the Company solely for the purpose of satisfying tax withholding obligations and the reporting person received 19,387 common shares.
F2	The common shares were priced at $2.02 Canadian dollars and $1.4657 U.S. dollars is the equivalent of the purchase price pursuant to the exchange rate as of the transaction date (Cdn$1.00 = US$0.7256) as reported by Bank of Canada on its website, www.bankofcanada.ca.
F3	Each RSU is redeemable upon vesting for one common share.
F4	The RSUs became redeemable on December 7, 2025 and were released on December 23, 2025.