John Cash, a director at Ur-Energy Inc., disposed of 77,751 common shares on August 24 for a total of $109,652 at a price of $1.4103 per share. The transaction followed the exercise of options to acquire the same number of shares at $1.0403 per share, totaling $80,884.
The options were granted on August 27, 2021, and vested in three equal installments on August 27, 2022, 2023, and 2024. After the sale, Cash retains direct ownership of 696,264 common shares and holds 1,040,617 share options.
Ur-Energy’s stock, listed on the NASDAQ under the ticker URG, was trading at $1.48 on Friday, up 5.7% over the past week. The company’s market capitalization stands at $586.57 million, and it is currently ranked among the most undervalued stocks by InvestingPro’s Fair Value assessment.
Separately, Noble Plains Uranium Corp. completed a non-brokered private placement, raising gross proceeds of $1,009,600 by issuing 10,096,000 units at $0.10 each. Ur-Energy, which holds a 6.14% stake in Noble Plains, purchased 616,000 units for $61,600 to maintain its pro-rata ownership position.
