Ur-Energy Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Inventory

Inventory

6 Months Ended

Jun. 30, 2014

7.	Inventory

The Company’s inventory consists of the following:

	As of	As of
	June 30, 2014	December 31, 2013
	$	$
In-process inventory	1,302	765
Plant inventory	219	1,136
Conversion facility inventory	680	152

	2,201	2,053

As of June 30, 2014, there was no inventory on hand with costs in excess of net realizable value.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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