Ur-Energy Inc. Annual report pursuant to Section 13 and 15(d)

Capital Assets

12 Months Ended

Dec. 31, 2016

8.Capital Assets

The Company’s capital assets consist of the following:


	As of			As of
	December 31, 2016			December 31, 2015
		Accumulated	Net Book		Accumulated	Net Book
	Cost	Depreciation	Value	Cost	Depreciation	Value
	$	$	$	$	$	$

Rolling stock	3,251	2,966	285	3,819	3,179	640
Enclosures	32,991	5,229	27,762	32,987	3,578	29,409
Machinery and equipment	1,262	599	663	1,031	507	524
Furniture, fixtures and leasehold improvements	119	98	21	119	92	27
Information technology	1,153	1,036	117	1,111	923	188

	38,776	9,928	28,848	39,067	8,279	30,788

Total depreciation expense was $3.8 million, $5.1 million and $6.5 million for the years ended December 31, 2016, 2015 and 2014, respectively.