Ur-Energy Inc. intends to offer $100 million aggregate principal amount of Convertible Senior Notes due 2031 in a private placement.
Notes will be convertible into cash, common shares, or a combination at Ur-Energy's election, with interest payable semiannually.
Proceeds from the offering will cover costs of capped call transactions and support project development and general corporate purposes.
Offer Details
Convertible Senior Notes due 2031 offered in a private placement with an option for additional notes.
Use of Proceeds
Proceeds to cover capped call transaction costs and support project development and corporate purposes.
Convertible Terms
Notes convertible into cash, common shares, or a combination, with terms to be determined at pricing.
- The convertible notes offering is subject to market conditions, and the final size and terms are not guaranteed.
- Capped call transactions aim to offset potential economic dilution upon conversion of notes.
- Derivative transactions and hedging activities may impact the market price of common shares.
Ur-Energy's proposed offering of Convertible Senior Notes due 2031 provides flexibility for investors and supports the company's strategic initiatives in project development and corporate operations.