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U-R Energy Notes Petition for Review of Decision on Lost Creek Project

Ur-Energy Inc. (URE.TO) said today it has become aware that a petition for review has been filed in U.S. District Court by a Wyoming-based conservation group regarding the United States Bureau of Land Management (BLM) Record of Decision for the company's Lost Creek ISR Project.

The BLM decision was the final step in a process that involved a host of federal and state agencies, years of evaluation and multiple opportunities for public participation, the company said in a release.

"Filings such as this following a federal agency decision are common practice in today's legal landscape," noted Ur-Energy's Chief Executive Officer Wayne Heili. "We anticipate that the United States will vigorously defend BLM's decision making process and Record of Decision. Further, Ur-Energy will take all appropriate steps to ensure that our interests are fully represented in the proceedings."

Ur-Energy initiated construction activities at the fully permitted Lost Creek Project site in early October 2012 following the receipt of the Record of Decision. Significant progress has made on the completion of the plant foundation, site earthwork, main access roads, fencing and power lines. Work is continuing on the plant construction and with the development of the first mine unit.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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