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

Annual report pursuant to Section 13 and 15(d)

Commitments

Commitments

12 Months Ended

Dec. 31, 2015

18.Commitments

Under the terms of its operating lease for vehicles and the office premises in Casper, Wyoming, the Company is committed to minimum annual lease payments as follows:


Year ended December 31,	$
2016	388
2017	288
2018	188
2019 and thereafter	-
	864

Rent expense under these agreements was $0.2 million, $0.2 million and $0.2 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Principal payments required under debt agreements are as follows:


Year ended:
December 31, 2016	8,679
December 31, 2017	4,623
December 31, 2018	4,895
December 31, 2019	5,183
December 31, 2020	5,487
Future years	4,326
	33,193

Off Take Sales Agreements

As of December 31, 2015, we have ten off take sales agreements with various U.S. utilities. These agreements were completed between 2012 and 2015 for deliveries between 2016 and 2021 as follows:


SUMMARY OF OFF TAKE SALES AGREEMENTS
Production Year	Total Pounds Uranium Concentrates Contractually Committed
2016	662,000 pounds
2017	600,000 pounds
2018	500,000 pounds
2019	600,000 pounds
2020	450,000 pounds
2021	250,000 pounds