UR-ENERGY INC. (TSE:URE) Files An 8-K Other EventsItem 8.01 Other Events
On July 18, 2018, the U.S. Department of Commerce initiated an investigation into the effects of uranium imports on U.S. national security. This investigation was requested by Ur-Energy Inc. and Energy Fuels Inc. in their Petition for Relief under Section 232 of the Trade Expansion Act of 1962 (the “Petition”), which was filed jointly by the companies on January 16, 2018.
The Secretary of Commerce (the “Secretary”) now has 270 days to conduct the investigation and submit a report to the President of the United States containing the Secretary’s findings and proposed remedy, if any. Following receipt of the Secretary’s report, the President then has 90 days to act on the Secretary’s recommendations and, if necessary, take action to “adjust the imports of an article and its derivatives” and/or pursue other lawful, non-trade-related actions necessary to address the import threat.
Additional information can be found in the Current Report on Form 8-K filed by Ur-Energy Inc. with the United States Securities and Exchange Commission on January 17, 2018.
About UR-ENERGY INC. (TSE:URE)
Ur-Energy Inc. is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming. Its land portfolio includes over 10 projects in the United States. Approximately 10 of the United States projects are in the Great Divide Basin, Wyoming, including its flagship project, Lost Creek Project. It controls a total approximately 2,100 unpatented mining claims and over four State of Wyoming mineral leases for a total of approximately 42,000 acres in the area of the Lost Creek Property, including the Lost Creek permit area and certain adjoining properties, which refers to as LC East, LC West, LC North, LC South and EN project areas. Its Wyoming properties together total over 66,000 acres and include over two properties Shirley Basin and Lucky Mc.
