10-K Filing

UR-ENERGY INC CIK: 1375205 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001654954-24-002673`
Period End Date	20231231
Filing Date	20240306
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	urg_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 48 Cash Flow Statement 89 Stockholders Equity 29

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$46.19M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$59.70M	USD	Point-in-time
Current portion of lease receivable (net)	`CurrentPortionOfLeaseReceivableNet`	-	USD	Point-in-time
Current portion of lease receivable (net)	`CurrentPortionOfLeaseReceivableNet`	$77.00K	USD	Point-in-time
Inventory	`InventoryNet`	$2.57M	USD	Point-in-time
Inventory	`InventoryNet`	$9.90M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.32M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.94M	USD	Point-in-time
Lease receivable (net)	`NotesReceivableNet`	$208.00K	USD	Point-in-time
Lease receivable (net)	`NotesReceivableNet`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$8.14M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$8.55M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$35.07M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$34.89M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$35.68M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$39.18M	USD	Point-in-time
Mineral properties	`MineralPropertiesNet`	$34.91M	USD	Point-in-time
Capital assets	`PropertyPlantAndEquipmentNet`	$20.13M	USD	Point-in-time
Capital assets	`PropertyPlantAndEquipmentNet`	$21.04M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$64.71M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$63.95M	USD	Point-in-time
Total assets	`Assets`	$128.38M	USD	Point-in-time
Total assets	`Assets`	$107.89M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.37M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$5.69M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$5.37M	USD	Point-in-time
Current portion of warrant liability	`WarrantsLiabilityCurrent`	$1.74M	USD	Point-in-time
Current portion of warrant liability	`WarrantsLiabilityCurrent`	-	USD	Point-in-time
Current portion of lease liability	`CurrentPortionOfLeaseLiability`	-	USD	Point-in-time
Current portion of lease liability	`CurrentPortionOfLeaseLiability`	$162.00K	USD	Point-in-time
Environmental remediation accrual	`AccruedEnvironmentalLossContingenciesCurrent`	$69.00K	USD	Point-in-time
Environmental remediation accrual	`AccruedEnvironmentalLossContingenciesCurrent`	$69.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.03M	USD	Point-in-time
Notes payable	`NotesPayable`	$5.69M	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$2.38M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$11.55M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$30.70M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$31.24M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$16.00K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$687.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$38.79M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$43.47M	USD	Point-in-time
Share capital	`CommonStockValue`	$302.18M	USD	Point-in-time
Share capital	`CommonStockValue`	$258.65M	USD	Point-in-time
Contributed surplus	`SurplusNotes`	$19.84M	USD	Point-in-time
Contributed surplus	`SurplusNotes`	$19.88M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.26M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-250.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-220.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$74.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.10M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$107.89M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$128.38M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$16.00K	USD	Annual
Sales	`Revenues`	$17.68M	USD	Annual
Sales	`Revenues`	$19.00K	USD	Annual
Cost of sales	`CostOfRevenue`	$7.00M	USD	Annual
Cost of sales	`CostOfRevenue`	$6.86M	USD	Annual
Cost of sales	`CostOfRevenue`	$19.36M	USD	Annual
Gross loss	`GrossProfit`	$-1.69M	USD	Annual
Gross loss	`GrossProfit`	$-6.84M	USD	Annual
Gross loss	`GrossProfit`	$-6.98M	USD	Annual
Operating costs	`OperatingExpenses`	$12.95M	USD	Annual
Operating costs	`OperatingExpenses`	$9.77M	USD	Annual
Operating costs	`OperatingExpenses`	$29.16M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-30.84M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-16.76M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-19.79M	USD	Annual
Net interest income (expense)	`InterestIncomeExpenseNet`	$-463.00K	USD	Annual
Net interest income (expense)	`InterestIncomeExpenseNet`	$1.47M	USD	Annual
Net interest income (expense)	`InterestIncomeExpenseNet`	$-733.00K	USD	Annual
Warrant liability revaluation gain (loss)	`WarrantLiabilityRevaluationGainLoss`	$-1.59M	USD	Annual
Warrant liability revaluation gain (loss)	`WarrantLiabilityRevaluationGainLoss`	$-6.00M	USD	Annual
Warrant liability revaluation gain (loss)	`WarrantLiabilityRevaluationGainLoss`	$1.83M	USD	Annual
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-355.00K	USD	Annual
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$325.00K	USD	Annual
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$27.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$1.25M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$-24.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$905.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-30.66M	USD	Annual
Net loss	`NetIncomeLoss`	$-22.94M	USD	Annual
Net loss	`NetIncomeLoss`	$-17.14M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$123.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-547.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$435.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.50M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-17.02M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-31.20M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.08	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.12	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.12	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.12	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.12	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	260.04M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	195.69M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	220.50M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.69M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	260.04M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	220.50M	shares	Annual

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`ProfitLoss`	$22.94M	USD	Annual
Net loss for the year	`ProfitLoss`	$17.14M	USD	Annual
Net loss for the year	`ProfitLoss`	$30.66M	USD	Annual
Stock based compensation	`StockBasedCompensation`	$1.03M	USD	Annual
Stock based compensation	`StockBasedCompensation`	$1.14M	USD	Annual
Stock based compensation	`StockBasedCompensation`	$1.08M	USD	Annual
Net realizable value adjustments	`NetRealizableValueAdjustments`	$7.00M	USD	Annual
Net realizable value adjustments	`NetRealizableValueAdjustments`	$10.69M	USD	Annual
Net realizable value adjustments	`NetRealizableValueAdjustments`	$6.86M	USD	Annual
Amortization of mineral properties	`AmortizationOfMineralProperties`	$1.25M	USD	Annual
Amortization of mineral properties	`AmortizationOfMineralProperties`	$814.00K	USD	Annual
Amortization of mineral properties	`AmortizationOfMineralProperties`	$2.04M	USD	Annual
Depreciation of capital assets	`Depreciation`	$1.79M	USD	Annual
Depreciation of capital assets	`Depreciation`	$1.77M	USD	Annual
Depreciation of capital assets	`Depreciation`	$2.17M	USD	Annual
Accretion expense	`AccretionExpense`	$486.00K	USD	Annual
Accretion expense	`AccretionExpense`	$460.00K	USD	Annual
Accretion expense	`AccretionExpense`	$497.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$46.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$43.00K	USD	Annual
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$43.00K	USD	Annual
Gain on loan forgiveness	`GainOnLoanForgiveness`	-	USD	Annual
Gain on loan forgiveness	`GainOnLoanForgiveness`	-	USD	Annual
Gain on loan forgiveness	`GainOnLoanForgiveness`	$903.00K	USD	Annual
Provision for reclamation	`ProvisionForReclamation`	$5.00K	USD	Annual
Provision for reclamation	`ProvisionForReclamation`	-	USD	Annual
Provision for reclamation	`ProvisionForReclamation`	$2.00K	USD	Annual
Mark to market loss (gain)	`MarkToMarketLossGain`	$-6.00M	USD	Annual
Mark to market loss (gain)	`MarkToMarketLossGain`	$1.83M	USD	Annual
Mark to market loss (gain)	`MarkToMarketLossGain`	$-1.59M	USD	Annual
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	$-67.00K	USD	Annual
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Unrealized foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$319.00K	USD	Annual
Unrealized foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-353.00K	USD	Annual
Unrealized foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$25.00K	USD	Annual
Lease receivable	`IncreaseDecreaseInReceivables`	-	USD	Annual
Lease receivable	`IncreaseDecreaseInReceivables`	$285.00K	USD	Annual
Lease receivable	`IncreaseDecreaseInReceivables`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.36M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$8.84M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$7.11M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$140.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$178.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$84.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.70M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$544.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$991.00K	USD	Annual
Cash provided by used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.98M	USD	Annual
Cash provided by used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.09M	USD	Annual
Cash provided by used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.70M	USD	Annual
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$709.00K	USD	Annual
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	Annual
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04M	USD	Annual
Cash provided by used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-709.00K	USD	Annual
Cash provided by used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.04M	USD	Annual
Cash provided by used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.19M	USD	Annual
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStock`	$53.14M	USD	Annual
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStock`	$48.84M	USD	Annual
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStock`	$3.77M	USD	Annual
Share issue costs	`ShareIssueCosts`	$94.00K	USD	Annual
Share issue costs	`ShareIssueCosts`	$3.17M	USD	Annual
Share issue costs	`ShareIssueCosts`	$2.19M	USD	Annual
Proceeds from exercise of warrants and stock options	`ProceedsFromStockOptionsExercised`	$8.51M	USD	Annual
Proceeds from exercise of warrants and stock options	`ProceedsFromStockOptionsExercised`	$3.72M	USD	Annual
Proceeds from exercise of warrants and stock options	`ProceedsFromStockOptionsExercised`	$1.59M	USD	Annual
RSU redeemed for cash	`RestrictedStockUnitsRedeemedForCash`	$289.00K	USD	Annual
RSU redeemed for cash	`RestrictedStockUnitsRedeemedForCash`	$69.00K	USD	Annual
RSU redeemed for cash	`RestrictedStockUnitsRedeemedForCash`	$205.00K	USD	Annual
Repayment of debt	`RepaymentsOfDebt`	$5.41M	USD	Annual
Repayment of debt	`RepaymentsOfDebt`	-	USD	Annual
Repayment of debt	`RepaymentsOfDebt`	$1.30M	USD	Annual
Cash provided by used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.87M	USD	Annual
Cash provided by used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.89M	USD	Annual
Cash provided by used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.09M	USD	Annual
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.00K	USD	Annual
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.00K	USD	Annual
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-108.00K	USD	Annual
Increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$27.11M	USD	Annual
Increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.02M	USD	Annual
Increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$42.03M	USD	Annual
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.16M	USD	Point-in-time
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.14M	USD	Point-in-time
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.25M	USD	Point-in-time
Beginning cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.13M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.16M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.14M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.25M	USD	Point-in-time
Ending cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.13M	USD	Point-in-time

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$62.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$74.87M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$69.39M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$34.10M	USD	Point-in-time
Shares issued for cash, Amount	`SharesIssuedForCashAmount`	$44.03M	USD	Annual
Shares issued for cash, Amount	`SharesIssuedForCashAmount`	$3.77M	USD	Annual
Shares issued for cash, Amount	`SharesIssuedForCashAmount`	$46.07M	USD	Annual
Less share issue costs	`LessShareIssueCosts`	$-3.17M	USD	Annual
Less share issue costs	`LessShareIssueCosts`	$-2.19M	USD	Annual
Less share issue costs	`LessShareIssueCosts`	$-94.00K	USD	Annual
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$4.65M	USD	Annual
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$11.34M	USD	Annual
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$337.00K	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$1.41M	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$1.78M	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$858.00K	USD	Annual
Redemption of RSUs, Amount	`RedemptionOfRsusAmount`	$-69.00K	USD	Annual
Redemption of RSUs, Amount	`RedemptionOfRsusAmount`	$-288.00K	USD	Annual
Redemption of RSUs, Amount	`RedemptionOfRsusAmount`	$-205.00K	USD	Annual
Stock compensation	`ShareBasedCompensation`	$1.03M	USD	Annual
Stock compensation	`ShareBasedCompensation`	$1.08M	USD	Annual
Stock compensation	`ShareBasedCompensation`	$1.14M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-22.50M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-17.02M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-31.20M	USD	Annual
Balance, amount	`StockholdersEquity`	$62.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$74.87M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$69.39M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$34.10M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.