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

Capital Assets

12 Months Ended

Dec. 31, 2017

8.Capital Assets

The Company’s capital assets consist of the following:


	As of			As of
	December 31, 2017			December 31, 2016
		Accumulated	Net Book		Accumulated	Net Book
	Cost	Depreciation	Value	Cost	Depreciation	Value
	$	$	$	$	$	$

Rolling stock	3,388	3,184	204	3,251	2,966	285
Enclosures	32,991	6,880	26,111	32,991	5,229	27,762
Machinery and equipment	1,237	663	574	1,262	599	663
Furniture, fixtures and leasehold improvements	119	104	15	119	98	21
Information technology	1,120	1,063	57	1,153	1,036	117

	38,855	11,894	26,961	38,776	9,928	28,848

Total depreciation expense was $3.5 million, $3.8 million and $5.1 million for the years ended December 31, 2017, 2016 and 2015, respectively.