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

Capital Assets

12 Months Ended

Dec. 31, 2018

8.Capital Assets

The Company’s capital assets consist of the following:


	As of			As of
	December 31, 2018			December 31, 2017
		Accumulated	Net Book		Accumulated	Net Book
	Cost	Depreciation	Value	Cost	Depreciation	Value
	$	$	$	$	$	$

Rolling stock	3,432	3,290	142	3,388	3,184	204
Enclosures	32,991	8,530	24,461	32,991	6,880	26,111
Machinery and equipment	1,237	728	509	1,237	663	574
Furniture, fixtures and leasehold improvements	119	110	9	119	104	15
Information technology	1,127	1,090	37	1,120	1,063	57

	38,906	13,748	25,158	38,855	11,894	26,961

Total depreciation expense was $1.9 million, $3.5 million and $3.8 million for the years ended December 31, 2018, 2017 and 2016, respectively.