Ur-Energy issues $120M 4.75% Convertible Senior Notes due 2031, net proceeds $114.8M

UR-ENERGY INC

$120M aggregate principal of 4.75% convertible notes due Jan 15, 2031; conversion price ~$1.73 (27.5% premium).
Net proceeds ~$114.8M after discounts; ~$16.6M for capped calls, balance for project development/corporate.
Capped call transactions hedge dilution up to $2.72/share (100% premium) on shares underlying notes.
Notes are unsecured, convertible under conditions; callable after Jan 22, 2029 if stock price >=130% conversion price.
Interest 4.75% payable semiannually Jan 15/Jul 15 starting Jul 15, 2026; maturity Jan 15, 2031.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UR-ENERGY INC incurred convertible notes of $120.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.75% per year maturing January 15, 2031.

Instrument: convertible notes
Principal: $120.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.75% per year
Maturity: January 15, 2031
Event: incurrence

Exact text from the filing

issued $120.0 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031

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Source: SEC EDGAR

accession 0001104659-25-121238

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