Rodman & Renshaw Maintains Market Outperform, PT

Rodman & Renshaw maintained its UR-Energy (NYSE: URG) Market Outperform / Speculative Risk rating and $2.52 price target in a research report published today.

In the report, Rodman & Renshaw states, "On August 17, 2011, the U.S.Nuclear Regulatory Commission (NRC) issued the Safety Evaluation Report and the Final Source & Byproducts Material License for Ur-Energy's Lost Creek Project which contains 5.23 mlbs of 43-101 compliant M&I uranium Resource. The issuance of this license concludes the NRC's review of the Project. It is not a mining permit but is necessary for Ur-Energy to be able to process and handle uranium."

Shares of UR-Energy were trading at $1.22 at the time of posting, reflecting no change from Wednesday's market close.