Ur Energy Inc filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Item 1.01 Entry into a Material Definitive Agreement
Matthew D. Gili has been appointed President of Ur-Energy Inc. (“Ur-Energy” or the “Company”). In connection with the appointment, the Company entered into an Employment Agreement (the “Employment Agreement”) dated June 30, 2025 (the “Effective Date”) with Mr. Gili.
Mr. Gili, age 57, is a Professional Engineer with experience serving as Chief Executive Officer, Chief Operating Officer, Chief Technical Officer and Executive General Manager. Mr. Gili has served in executive roles with publicly traded mining companies, most recently as President and Chief Operating Officer of i-80 Gold Corporation (2021-2025) and, prior to that, as Chief Executive Officer with Nevada Copper Corporation (2018-2020).
Mr. Gili’s strong technical experience includes having been Executive General Manager of the Cortez District, leading one of Barrick’s top mining operations in Nevada, from which Mr. Gili was promoted to Chief Technical Officer for Barrick. Additional operational experience includes roles with Rio Tinto as the Managing Director of the Palabora Mining Company in South Africa and Chief Operating Officer of Oyu Tolgoi in Mongolia. Passionate about safety and environmental stewardship Mr. Gili previously acted as Chairman of the Palabora Foundation, and Chairman of the Mongolian Safety Association.
There are no arrangements or understandings between Mr. Gili and any other persons pursuant to which either was appointed as an officer of the Company. Mr. Gili has no family relationship among the Board of Directors or other members of senior management of the Company. In addition, there are no related party transactions between Mr. Gili and the Company that require disclose pursuant to Item 404(a) of Regulation S-K.
Pursuant to the Employment Agreement, Mr. Gili is eligible to participate in all benefits, plans, and programs, which are now, or may hereafter be, available to other executive employees of the Company. Mr. Gili’s Employment Agreement contains standard provisions concerning non-solicitation and non-disclosure.
In the event Mr. Gili’s employment with the Company is terminated by the Company without cause, or Mr. Gili resigns for good reason, the Company shall pay Mr. Gili, in addition to all other amounts then due and payable, an amount equal to two and one-half (2.5) years of his base salary at the time of such termination, less statutory deductions and withholdings.
Ur-Energy’s Board of Directors has set Mr. Gili’s annual base salary at $430,000 beginning the Effective Date. He also will receive an initial award of 175,000 stock options pursuant to the Ur-Energy Amended and Restated Stock Option Plan (2005), as amended.
The preceding summary of the Employment Agreement is qualified in its entirety by reference to the full text of the Employment Agreement, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit | Description | |
10.1 | Employment Agreement between Ur-Energy USA Inc. and Matthew D. Gili, dated June 30, 2025. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 30, 2025
Ur-Energy Inc. | |||
By: | /s/ Penne A. Goplerud | ||
Name: | Penne A. Goplerud | ||
Title: | Corporate Secretary and General Counsel | ||