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 6, 2020
UR-ENERGY INC.
(Exact name of registrant as specified in its charter)
| Canada | | 001-33905 | | Not applicable |
| (State or other jurisdiction ofincorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| 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
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | | Trading Symbol | | Name of each exchange on which registered: |
| Common stock | | URG (NYSE American): URE (TSX) | | NYSE American; TSX |
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))
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) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 1.01 Entry into a Material Definitive Agreement.
On October 6, 2020, Ur-Energy Inc. (the “Company”), through its wholly-owned subsidiary Lost Creek ISR, LLC, completed necessary documentation and approvals to amend its existing State of Wyoming, Taxable Industrial Development Revenue Bond (the “State Bond Loan”). The amendment provides for the deferral of principal payments for six quarters, while interest payments continue unchanged, resulting in an approximate savings of $7.83 million during that eighteen-month period. The next principal and interest payment will be due in October 2022. The amendment effectively extends the maturity date of the State Bond Loan to October 2024. In all other material respects, the State Bond Loan remains unchanged.
The foregoing description of the Second Amendment to Financing Agreement and related documents (Second Supplemental Indenture; Amended and Restated Promissory Note; and Third Amendment to Mortgage, collectively, the “Amending Documents”) does not purport to be complete and is qualified in its entirety by reference to the text of the Amending Documents, which the Company plans to file as exhibits to its Annual Report on Form 10-K for the quarter ended and year ended December 31, 2020.
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 8, 2020
| | Ur-Energy Inc. |
| | | |
| | By: | /s/ Penne A. Goplerud |
| | | Name: Penne A. Goplerud |
| | | Title: Corporate Secretary and General Counsel |
