Ur-Energy slides after $100 million convertible bonds offering

Ur-Energy

11/12/2025 18:44

** Uranium mining firm Ur-Energy's URG.A shares slide 14% to $1.17

** URG announces pricing of $100 million of convertible bonds due 2031

** Bonds will pay interest semiannually at a 4.75% rate per year

** Proceeds will be used for project development, general purposes, and to pay cost of capped call transactions - hedging tool to protect against shareholder dilution

** Initial conversion price of $1.73 represents nearly 27.5% premium to the last reported sale price

** URG has 377.9 million outstanding shares for $444 million market cap, per LSEG data

** All six brokerages covering the stock rate it "buy"; median PT $2.33 - data compiled by LSEG

** As of last close, URG stock up 20.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))