UR-ENERGY INC — Director's Dealing 2016

Jan 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UR-ENERGY INC (URG)
CIK: 0001375205
Period of Report: 2016-01-26

Reporting Person: CASH JOHN (Vice President Reg. Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-26	Common Shares	M	6605	$0.6115	Acquired	59497	Direct
2016-01-26	Common Shares	F	2157	$0.6115	Disposed	57340	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-26	Restricted Share Units	$	M	6605	Disposed		Common shares (6605)	Direct

Footnotes

F1: On December 27, 2013, the reporting person was granted 13,210 Restricted Share Units ("RSUs") vesting in two installments; 6,605 RSUs vesting on December 27, 2014 and 6,605 RSUs vesting on December 27, 2015. Subsequently, the Compensation Committee made the determinations to satisfy the RSU award by delivering common shares rather than cash. Under the terms of the Ur-Energy Inc. Restricted Share Unit Plan, each Restricted Share Unit awarded under the Plan is redeemed on or within thirty (30) days after the applicable redemption date for cash or common shares, as determined by the Compensation Committee of the Board.

F2: Each RSU entitles the holder to receive delivery of one common share upon satisfaction of RSU vesting period.

F3: The common shares were priced at $0.86 Canadian dollars per share. $0.6115 is the U.S. dollar equivalent of the share price pursuant to the exchange rate as of the transaction date (CDN$ 1.00 = US$ 0.7111), as reported by the Bank of Canada on its website, www.bankofcanada.ca.