8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 9, 2021

UR-ENERGY INC.

(Exact name of registrant as specified in its charter)

Canada	001-33905	Not applicable
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

10758 W Centennial Road, Suite 200
Littleton, Colorado	80127
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (720) 981-4588

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbol	Name of each exchange on which registered:
Common stock	URG (NYSE American): URE (TSX)	NYSE American; TSX

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors (the “Board”) of Ur-Energy Inc. (the “Company”) previously approved a reduced award of short-term incentive bonuses for 2020 (the “2020 STIPs”) for the named executive officers of the Company: Mr. Jeffrey T. Klenda, Chief Executive Officer; Mr. Roger L. Smith, Chief Financial Officer; and Ms. Penne A. Goplerud, Corporate Secretary (together, the “Named Executive Officers”). The earlier award, though premised on the assessment that the Company and the Named Executives had fully met performance standards in 2020, was reduced by 50% due to the uncertainty caused by the COVID-19 pandemic, with leave for the Board in the future to consider further payout of the 2020 STIPs.

On July 9, 2021, the Board of the Company, in light of the current status of the pandemic and broader economic conditions, and upon the recommendation of the Compensation Committee of the Board, approved an award of the balance of the 2020 STIPs to the Named Executive Officers. The total compensation for the Named Executive Officers for 2020, as updated, is set forth here:

Name and principal position	Year	Salary ($)		Bonus ($)		Stock awards ($)		Option awards  ($)		Non-equity incentive plan compensation ($)	Change in pension value and nonqualified deferred compensation ($)	All other Compensation ($)		Total ($)
Jeffrey T. Klenda	2020		441,662		176,665		54,160		102,064	Nil	Nil	Nil			774,551
President and CEO
Roger L. Smith	2020		289,900		86,970		29,625		55,828	Nil	Nil		11,596		473,919
Chief Financial Officer
Penne A. Goplerud	2020		260,624		78,187		26,634		50,190	Nil	Nil		10,425		426,060
Corporate Secretary

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Ur-Energy Inc.
Date: July 9, 2021	By:	/s/ Penne A. Goplerud
		Name: Penne A. Goplerud
		Title: Corporate Secretary and General Counsel

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XML

Cover	Jul. 09, 2021
Cover [Abstract]
Entity Registrant Name	UR-ENERGY INC.
Entity Central Index Key	0001375205
Document Type	8-K
Amendment Flag	false
Entity Emerging Growth Company	false
Document Period End Date	Jul. 09, 2021
Entity Incorporation State Country Code	Z4
Entity File Number	001-33905
Entity Address Address Line 1	10758 W Centennial Road
Entity Address Address Line 2	Suite 200
Entity Address City Or Town	Littleton
Entity Address State Or Province	CO
Entity Address Postal Zip Code	80127
City Area Code	720
Local Phone Number	981-4588
Security 12b Title	Common stock
Trading Symbol	URG
Security Exchange Name	NYSE
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false