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Ur-Energy Inc. (NYSE American:URG; TSX:URE), whose stock has seen a significant -21% decline over the past week despite a remarkable 126% gain over the last six months, announced Monday that it has filed a prospectus supplement to its registration statement on Form S-3 to register the issuance of common shares upon the exercise of certain warrants that were originally issued in 2023. The company stated that no new warrants were issued in connection with this filing.
According to the press release statement included in the SEC filing, the prospectus supplement relates solely to the registration of shares issuable under existing warrants. The legal opinion of Fasken Martineau DuMoulin LLP regarding the issuance of these shares has been filed as an exhibit to the report. With the company’s next earnings report due on November 3rd, investors can access detailed analysis and 12 additional key insights through InvestingPro.
Ur-Energy is incorporated in Canada and maintains its principal executive offices in Littleton, Colorado. The company’s common stock is listed on the NYSE American under the symbol URG and on the Toronto Stock Exchange under the symbol URE.
No other financial statements or new material events were reported in the filing. All information is based on the company’s statement in a Form 8-K submitted to the Securities and Exchange Commission on Monday.
In other recent news, UR-Energy has maintained its Buy rating from H.C. Wainwright, with a price target of $2.70. This follows an analyst site visit to the company’s Shirley Basin project in Wyoming, where key management, including CEO John Cash, provided insights into the operations. The visit, which included a management dinner and a tour, reinforced the firm’s positive outlook on UR-Energy. Additionally, Warren AI has highlighted UR-Energy as a top uranium stock to consider, focusing on its fair value upside potential in the nuclear energy sector. This analysis positions UR-Energy as a noteworthy option for investors interested in uranium stocks. These developments reflect the growing interest and potential value within the uranium market.
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