<span item_type="fundamental" item_id="48210a0b1b80a098a65e3ffdc83c88d7" counter_id="ST/US/URG" env="prod"></span><span item_type="announcement" item_id="647135759904870017" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 3.904 M.</p><p></p><h3>Segment Revenue</h3><p>Ur-Energy Inc. generated $3.9 million in revenue from the sale of 55,000 produced pounds of U₃O₈ in Q1 2026, with an average price per pound sold of $70.98, which was $7.78 higher than Q4 2025. Produced U₃O₈ product sales totaled $3,904 thousand in Q1 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p><h3>Operational Metrics</h3><p>Ur-Energy Inc. captured 110,314 pounds of U₃O₈ in Q1 2026, representing a 41% increase over Q4 2025 and a 48% increase over Q1 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> The company dried and packaged 95,599 pounds of U₃O₈ in Q1 2026, an increase of 15% over Q1 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> A total of 103,956 pounds of U₃O₈ were shipped in Q1 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> Pounds sold amounted to 55,000 pounds of U₃O₈ in Q1 2026, which was a -67% decrease compared to Q4 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p><p>Finished inventory at the conversion facility reached 417,231 pounds at quarter-end, marking a 14% increase over Q4 2025 and a 13% increase over Q1 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> Total U₃O₈ ending inventory was 459,964 pounds in Q1 2026, valued at $28,026 thousand. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p><h4>Cash Cost per Pound Sold</h4><p>The cash cost per pound of U₃O₈ sold was $37.51 in Q1 2026, reflecting a decrease of approximately 13% compared to Q4 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> The produced U₃O₈ cost per pound sold was $48.85, including $3.84 for ad valorem and severance taxes, $33.67 for cash costs, and $11.34 for non-cash costs. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p><h4>U₃O₈ Product Profit</h4><p>Produced U₃O₈ product profit was $1,217 thousand in Q1 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> The produced U₃O₈ profit per pound sold was $22.13, with a cash cost profit of $37.31 per pound. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> The produced U₃O₈ profit margin was 31.2% in Q1 2026, while the cash costs margin was 52.6%. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p><h3>Liquidity</h3><p>Unrestricted cash and cash equivalents totaled $122.8 million at March 31, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> The unrestricted cash position was $107.5 million as of April 30, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p><h3>Outlook / Guidance</h3><p>Ur-Energy Inc. anticipates improved flow rates and continued momentum at Lost Creek, with a sand filtration system expected online this quarter and ongoing optimization initiatives. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> Operations began at the Shirley Basin ISR mining facility in April 2026, and the first shipments of uranium-loaded resin to Lost Creek are expected this summer, pending final regulatory approval. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span> The company also plans to initiate an approximately 120-hole exploration drill program at LC South this summer and continue advancing exploration projects like Lost Soldier towards production decisions. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1375205/000110465926058180/urg-20260508xex99d1.htm"></span></p>

Ur Energy | 8-K: FY2026 Q1 Revenue: USD 3.904 M