Ur-Energy Inc. has made significant changes to its board of directors, with the appointment of new members, John Paul Pressey and Elmer W. Dyke. They are set to replace retiring founding director James M. Franklin and former President and CEO W. William Boberg, who will both continue to serve on the board until the company's annual meeting of shareholders on June 6, 2024.
John Paul Pressey brings with him nearly 30 years of valuable audit and assurance experience from his career with PricewaterhouseCoopers, including 16 years as a partner. His experience includes working with numerous publicly traded companies, including international mining companies. Elmer W. Dyke, on the other hand, is a recognized global leader in the commercial and government nuclear industry with over 35 years of experience, having held senior positions on issues such as the nuclear fuel cycle, nuclear non-proliferation, and marketing of nuclear fuel.
Ur-Energy Chairman and CEO, John Cash, expressed his excitement in welcoming the new board members and thanked the retiring directors for their years of service. He noted that the timely formation of Ur-Energy, initiated by Dr. Franklin and Mr. Boberg, positioned the company to capitalize on a strong market for nuclear fuel.
Ur-Energy, a uranium mining company, has also achieved significant milestones in its operations. The company has produced, packaged, and shipped approximately 2.8 million pounds U3O8 from its Lost Creek in-situ recovery uranium facility in South-Central Wyoming since the commencement of operations. Furthermore, the company has obtained all major permits and authorizations to begin construction at Shirley Basin, its second in situ recovery uranium facility in Wyoming, and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion.
These changes and achievements mark a new chapter for Ur-Energy as it continues its engagement in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The company's primary trading market for its common shares is on the NYSE American under the symbol "URG," and its common shares also trade on the Toronto Stock Exchange under the symbol "URE." As a result of these announcements, the company's shares have moved -0.3% on the market, and are now trading at a price of $1.71. Check out the company's full 8-K submission here.
