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

Annual report pursuant to Section 13 and 15(d)

Income taxes (Tables)

Income taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income taxes at the statutory Canadian income tax rate to net income taxes included in the accompanying statements of operations is as follows:

	Year ended December 31,
	2013		2012		2011
			(Restated)		(Restated)

Loss before income taxes	(30,353)		(17,558)		(16,443)

Statutory rate	26.50	%	26.50	%	28.3	%
Expected recovery of income tax	(8,033)		(4,663)		(4,653)
Effect of foreign tax rate differences	(3,247)		(1,570)		(1,277)
Non-deductible amounts	108		412		221
Effect of changes in enacted future rates	(286)		(40)		-
Effect of change in foreign exchange rates	(161)		(91)		33
Effect of stock based compensation	159		7		158
Change in valuation allowance	11,460		5,945		5,518

Recovery of future income taxes	-		-		-

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax assets and liabilities are as follows:

	As at December 31,
	2013	2012	2011
		(Restated)	(Restated)

Deferred income tax assets
Capital assets and mineral properties	8,337	14,301	11,745
Net operating loss carry forwards	39,432	24,579	16,363
Less: valuation allowance	(47,769)	(38,880)	(28,108)

	-	-	-

Deferred income tax liabilities
Mineral properties	(3,345)	-

Net deferred tax asset (liability)	(3,345)	-	-