---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-121238"
form_type: "8-K"
ticker: "URG"
cik: "0001375205"
company_name: "UR-ENERGY INC"
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:11:27.721006+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-25-121238
- form_type: 8-K
- ticker: URG
- cik: 0001375205
- company_name: UR-ENERGY INC
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1375205/000110465925121238/0001104659-25-121238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1375205/000110465925121238/tm2533314d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121238
- JSON: https://secwatch.observer/filing/0001104659-25-121238.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121238.txt

## Key facts
- Debt Financings
  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
  source text: issued $120.0 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375205/000110465925121238/0001104659-25-121238-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.