SEC Comment Letter for UR-ENERGY INC (URG) (CIK 0001375205) (URG) — Oct 19, 2017
UR-ENERGY INC (URG) (CIK 0001375205)
Date: Oct. 19, 2017 · CIK: 0001375205 · Accession: 0000000000-17-037163
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-33905
Letter
October 1 9, 2017 Via E -mail Mr. Roger Smith Chief Financial Officer Ur-Energy Inc. 10758 West Centennial Road, Suite 200 Littleton, Colorado 80127
Re: Ur-Energy Inc. Form 10-K for the Fiscal Year Ended December 31, 2016 Filed March 3, 2017 File No. 001-33905
Dear Mr. Smith :
We have reviewed your filing an d have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circu mstances , please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 201 6 Lost Creek Property - Resource Summary, page 15
1. We note your re source estimates have not been updated since September 30 2015, despite captured production from your well fields of 749,721 pounds of uranium since September 30, 2015 through December 31, 2016. Please disclose your estimated resources accounting for prod uction as of your fiscal year end.
2. The cutoff grade is a critical component used to evaluate the potential of your mineral properties. Please disclose the basis for the cutoff grades used to delineate your resources from mineralization.
Preliminary E conomic Assessment for Shirley Basin Uranium Project, page 21
Mr. Roger Smith Ur-Energy Inc. October 1 9, 2017 Page 2
3. We note you do not disclose your inferred resources for the Shirley Basin project and that these resources are available in your technical report. Please disclose these tonnage and grade es timates.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Ken Schuler at (202) 551 -3718 or me at (202) 551 -3790 with any questions. Sincerely ,
/s/ John Reynolds
John Reynolds Assistant Director Offices of Beverages, Apparel and Mining
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October 1 9, 2017 Via E -mail Mr. Roger Smith Chief Financial Officer Ur-Energy Inc. 10758 West Centennial Road, Suite 200 Littleton, Colorado 80127 Re: Ur-Energy Inc. Form 10-K for the Fiscal Year Ended December 31, 2016 Filed March 3, 2017 File No. 001-33905 Dear Mr. Smith : We have reviewed your filing an d have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circu mstances , please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 201 6 Lost Creek Property - Resource Summary, page 15 1. We note your re source estimates have not been updated since September 30 2015, despite captured production from your well fields of 749,721 pounds of uranium since September 30, 2015 through December 31, 2016. Please disclose your estimated resources accounting for prod uction as of your fiscal year end. 2. The cutoff grade is a critical component used to evaluate the potential of your mineral properties. Please disclose the basis for the cutoff grades used to delineate your resources from mineralization. Preliminary E conomic Assessment for Shirley Basin Uranium Project, page 21 Mr. Roger Smith Ur-Energy Inc. October 1 9, 2017 Page 2 3. We note you do not disclose your inferred resources for the Shirley Basin project and that these resources are available in your technical report. Please disclose these tonnage and grade es timates. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Ken Schuler at (202) 551 -3718 or me at (202) 551 -3790 with any questions. Sincerely , /s/ John Reynolds John Reynolds Assistant Director Offices of Beverages, Apparel and Mining