エドガーで原本を確認する
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 10, 2025
UR-ENERGY INC.
(Exact name of registrant as specified in its charter)
Canada |
001-33905 |
Not applicable |
(State or other jurisdiction of |
(Commission |
(I.R.S. Employer |
|
|
|
|
10758 W Centennial Road, Suite 200 |
|
|
Littleton, Colorado |
80127 |
|
(Address of principal executive offices) |
(Zip code) |
Registrant’s telephone number, including area code: (720) 981-4588 | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: |
|
Trading Symbol(s) |
|
Name of each exchange on which registered: |
Common Stock |
|
URG (NYSE American): URE (TSX) |
|
NYSE American; TSX |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 10, 2025, John W. Cash, the Chairman and Chief Executive Officer of Ur-Energy Inc. (“Ur-Energy” or the “Company”) notified the Company of his retirement as the Chief Executive Officer of the Company, effective December 12, 2025. In connection with his retirement, Mr. Cash and the Company expect to enter into a consulting agreement, pursuant to which Mr. Cash will serve as a strategic advisor for a period of time following his retirement to support a seamless leadership transition. Mr. Cash is expected to remain as Chairman of the Board of Directors (the “Board”) of the Company.
On October 10, 2025, the Board appointed Matthew Gili, the current President of the Company, as Chief Executive Officer and President, effective December 13, 2025. On October 10, 2025, the Board voted to expand the size of the Board and appoint Mr. Gili as a director, effective December 13, 2025.
Mr. Gili, age 57, is a Professional Engineer with deep C-suite experience, having served as a Chief Executive Officer, Chief Operating Officer, Chief Technical Officer and Executive General Manager. Mr. Gili has served in executive roles with publicly traded mining companies, including as President and Chief Operating Officer of i-80 Gold Corporation (2021-2025) and, prior to that, as Chief Executive Officer with Nevada Copper Corporation (2018-2020). He has served as President of Ur-Energy since June 2025.
There are no arrangements or understandings between Mr. Gili and any other persons pursuant to which he was appointed as an officer or director of the Company. Mr. Gili has no family relationship among the Board of Directors or other members of senior management of the Company. In addition, there are no related party transactions between Mr. Gili and the Company that require disclosure pursuant to Item 404(a) of Regulation S-K.
Any adjustments to Mr. Gili’s existing employment agreement, which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated June 30, 2025, in connection with his appointment as Chief Executive Officer have yet to be determined. The Company intends to file an amendment to this Current Report on Form 8-K to disclose any material change to his compensation arrangement upon such determination.
Item 7.01Regulation FD Disclosure.
On October 13, 2025, 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 (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 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 the Company’s expectation to enter into a consulting agreement with Mr. Cash, the expectation that Mr. Cash will remain as Chairman and the potential adjustment to Mr. Gili’s existing employment agreement. All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any 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 uranium which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the Company’s Form 10-K for the fiscal year ended December 31, 2024 and other public filings made by the Company at www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Exhibit |
|
Description |
99.1 |
|
|
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
*This Exhibit is intended to be furnished to, not filed with, the SEC pursuant to General Instruction B.2 of Form 8-K.
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: October 14, 2025
|
Ur-Energy Inc. |
||
|
|
||
|
|
||
|
By: |
/s/ Penne A. Goplerud |
|
|
|
|
|
|
|
Name: |
Penne A. Goplerud |
|
|
Title: |
Corporate Secretary and General Counsel |
Exhibit 99.1
Ur-Energy Announces Retirement of CEO John Cash, Names President Matthew Gili as Successor
LITTLETON, COLORADO – (ACCESS Newswire) – October 13, 2025 – Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (“Ur-Energy” or the “Company”) today announced, as part of the Company’s long-term leadership succession planning, that John W. Cash, who has been with Ur-Energy since 2007 and has served as Chief Executive Officer (CEO) since 2022, will resign as CEO on December 12, 2025. Matthew D. Gili, the Company’s President, will succeed Mr. Cash as CEO and will also join the Board of Directors on December 13, 2025. Mr. Cash will continue to serve as Chairman of the Board of Directors. He will also continue working closely with the management team as a strategic advisor following his retirement to support a seamless leadership transition and ongoing Company growth.
During his time as CEO of Ur-Energy, Mr. Cash has been instrumental in securing a robust contract book of uranium sales agreements which facilitated the Company’s 2022 decision to return to commercial production at the Company’s Lost Creek project and the 2024 decision to construct the Company’s second in situ recovery project, Shirley Basin, which is expected to commence operations in early 2026. Previously, Mr. Cash led the permitting and licensure of the Lost Creek Mine, which ultimately became a leading low-cost uranium producer, its expansion into LC East and the Shirley Basin Mine.
Mr. Cash stated, “After 18 years with Ur-Energy and 31 years in the uranium exploration and mining industry, it is time for me to retire from day-to-day management. Ur-Energy’s strong executive team and Board have been an absolute pleasure to work with over the past nearly two decades. The Company is well-positioned for significant growth, and I look forward to utilizing my years of experience in the industry while continuing as Ur-Energy’s Chairman of the Board and as an engaged strategic advisor.”
Mr. Cash continued, “Over the past several months, Matt Gili has demonstrated his skills in leading safe operations, and I am confident that Matt and his highly experienced management team will lead the Company into its best days as we all enjoy the burgeoning nuclear renaissance.”
He added, “I don’t plan on leaving the nuclear industry. I will be forming a non-profit with the objective of exposing young adults to opportunities in science and the nuclear industry. For the nuclear industry to respond to growing demand and realize its full potential, we must attract and retain a qualified workforce across the entire fuel cycle. As a long-time participant and beneficiary of the nuclear industry, I feel it is incumbent on me to be a part of that effort.”
“On behalf of the Board of Directors, I thank John for his dedication to the Company for the past two decades,” said Thomas Parker, Lead Director of Ur-Energy’s Board of Directors. “His deep expertise in the industry and commitment to excellence have played a key role in the Company’s success. We are excited to welcome Matt Gili as our next CEO. Matt is an experienced executive and has proven he is a knowledgeable and focused operator. We are fortunate to have Matt lead the Company as we advance toward our goal of being the leading U.S. uranium miner.”
Since joining Ur-Energy, Matt has immersed himself in operations at Lost Creek and construction of Shirley Basin. Matt is a Professional Engineer with deep C-suite experience, having served as a CEO, Chief Operating Officer, Chief Technical Officer and Executive General Manager. Mr. Gili has served in executive roles with publicly traded mining companies, including as President and Chief Operating Officer of i-80 Gold Corporation (2021-2025) and, prior to that, as CEO with Nevada Copper Corporation (2018-2020). Mr. Gili also had long tenures working on numerous international and domestic mining projects with major mining companies Rio Tinto and Hecla. He has served as President of Ur-Energy since June 2025.
“I’m incredibly honored and excited to take on the role of CEO at Ur-Energy,” said Ur-Energy President Matt Gili, “This is an extraordinary Company with exceptional people, strong values, and tremendous potential. I look forward to working alongside our talented team to build on Ur-Energy’s solid foundation and take the Company to the next level.”
About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3.0 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.
The primary trading market for Ur-Energy’s common shares is on the NYSE American under the symbol “URG.” Ur-Energy’s common shares also trade on the Toronto Stock Exchange under the symbol “URE.” Ur-Energy’s corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario.
Contact Information
Valerie Kimball
IR Director
Valerie.kimball@ur-energy.com
720-460-8534
Cautionary Note Regarding Forward-Looking Information
This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects,” “does not expect,” “is expected,” “is likely,” “estimates,” “intends,” “anticipates,” “does not anticipate,” or “believes,” or variations of the foregoing, or statements that certain actions, events or results “may,” “could,” “might” or “will be taken,” “occur,” “be achieved” or “have the potential to.” All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements include, for example, statements regarding the future involvement of John Cash as a strategic advisor or Chairman of the Board of Directors, the Company’s production at Lost Creek and efforts to commence production at Shirley Basin, and the prospects for continued growth of the Company.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any 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 uranium which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at www.sedarplus.ca and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.