Ur-Energy names new CFO as CFO retires

Item 5.02

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

On October 28, 2026, Roger L. Smith, the Chief Financial Officer and Chief Administrative Officer of Ur-Energy Inc. ("Ur-Energy" or the "Company"), notified the Company of his intention to retire, with such retirement to be effective on December 1, 2026. In connection with his retirement, Mr. Smith and the Company expect to enter into a consulting agreement, pursuant to which Mr. Smith will serve as a financial advisor for a period of time following his retirement to support a seamless leadership transition.

On October 29, 2026, the Board of Directors of the Company (the "Board") approved the appointment of Jade Walle, the Company's current Vice President Finance, as Chief Financial Officer of the Company, to be effective upon the retirement of Mr. Smith. In connection with Mr. Walle's appointment, the Board also approved the elimination of the Chief Administrative Officer role and the re-allocation of duties associated with such position among several members of senior management.

Mr. Walle, age 53, is a Certified Public Accountant with 30 years of experience. He most recently was an audit partner with PricewaterhouseCoopers LLP (PwC) from 2011 to 2024, having begun his career there in 1996. Over his tenure, he has served clients in numerous industries, including publicly traded energy and mining companies, with assignments in Tulsa, London, Houston, and Denver. Mr. Walle's technical background includes service in PwC's Global Capital Markets Group in London (1999-2002), where he assisted non-U.S. companies with U.S. capital market transactions and Securities and Exchange Commission reporting. He also held leadership roles overseeing a division of PwC's Center of Excellence and its Acceleration Center in India, which provided outsourced services to more than 75 U.S. audit clients. He has served as Vice Presiden

Item 7.01 Regulation FD Disclosure.

On November 2, 2026, the Company issued a press release announcing the foregoing updates. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 7.01, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Cautionary Note Regarding Forward-Looking Information

This Current Report on Form 8-K may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future, including statements relating to the Company's expectation to enter into a consulting agreement with Mr. Smith and the Company's intention to file an amendment to disclose any material changes to Mr. Walle's existing employment agreement. All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore that is mined varying from estimates; production rates, meth

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

3

Exhibit

No.

Description

99.1

Press Release, dated November 2, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

Date: November 2, 2026

Ur-Energy Inc.

By:

/s/ David A. Ritchie

Name:

David A. Ritchie

Title:

Corporate Secretary and General Counsel

Ur-Energy Announces Retirement of CFO Roger Smith, Names VP Finance Jade Walle as Successor

Mr. Walle Brings Capital Market Expertise and Extensive Audit Partner Experience to Ur-Energy

Casper, Wyoming, November 2, 2026 – Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (" Ur-Energy " or the " Company "), America's largest and fastest-growing domestic ISR uranium producer, today announced that Roger Smith, Chief Financial Officer (CFO), will retire from the Company effective December 1, 2026, after a distinguished 45 year career in mining industry finance and accounting. Jade Walle, the Company's current Vice President Finance, has been appointed to succeed Mr. Smith as CFO, effective upon his retirement.

Matt Gili, President and CEO of Ur-Energy, commented, "On behalf of the entire Company, I want to express our profound appreciation to Roger for his exceptional service to Ur-Energy. Roger has led our finance, IT, and administration teams for almost 20 years, bringing a combination of financial acumen, operational insight, and deep institutional knowledge. From the early years of the Company to full commercial operations, and the milestone launch in August of full operations at our Shirley Basin mine, he has been instrumental in the tremendous growth of our ISR uranium operations in Wyoming. I am personally grateful for all of his hard work and wish him all the best for his well-earned retirement.

G