Ur-Energy (URG) Names Matthew Gili as President to Support Growth Strategy
Ur-Energy Inc. (NYSE:URG) is one of the top 10 nuclear energy stocks to invest in for the next decade. Ur-Energy Inc. (NYSE American: URG) appointed Matthew D. Gili as its new president, effective June 30, as part of its succession planning and strategic expansion.
Gili, a seasoned mining executive and professional engineer, brings leadership experience from i-80 Gold, Nevada Copper, Barrick, and Rio Tinto. His appointment comes amid strong market momentum for Ur-Energy, which maintains a healthy liquidity position despite a recent cash burn.
Under his employment agreement, Gili will earn a $430,000 annual base salary and receive 175,000 stock options. He is eligible for executive benefits and protected by standard non-solicitation and non-disclosure clauses. If terminated without cause or if he resigns for good reason, he will receive a severance equal to 2.5 years of base salary. The company confirmed that there are no prior affiliations or family ties between Gili and existing leadership.
Ur-Energy Inc. (NYSE:URG) is a uranium mining company. It explores for, develops, and produces uranium, primarily through its Lost Creek in-situ recovery facility in Wyoming, USA. The company’s main product is uranium concentrate (also known as yellowcake), which is used as fuel for nuclear power plants.
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