Ur-Energy Inc. has announced its intent to offer $100 million aggregate principal amount of Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The company also plans to grant initial purchasers an option to buy up to an additional $20 million in notes within a 13-day period from the issuance date. The notes will be senior unsecured obligations, accrue interest semiannually, and will be convertible under certain conditions into cash, common shares, or a combination of both at Ur-Energy's election. Proceeds from the offering are expected to be used for capped call transactions, project development, and general corporate purposes. The final terms, including interest rate and conversion rate, will be set at the time of pricing.