Ur-Energy Inc. has been approved to start trading on the American Stock Exchange this week.

The Littleton, Colo.-based uranium mining company, which has a registered office in Ottawa, said its common shares have been approved for listing on the exchange under the symbol 'URG.'

Ur-Energy said it will keep its listing on the Toronto Stock Exchange under the symbol 'URE.' The company's stock was trading at $2.02 at 1:35 p.m. on the TSX, down six cents.

"We are pleased to receive the approval for our AMEX listing, which will be a nice complement to our TSX listing," said Ur-Energy CEO Bill Boberg in a statement. "The AMEX listing will help to increase our U.S. shareholder base, something we've wanted to do for quite some time now."

Ur-Energy will be joining another Ottawa-based mining company, Paramount Gold and Silver, on the New York-based exchange, which trades mostly in options and exchange-traded funds, as well as some small to mid-sized stocks.

"We look forward to heightening our profile with U.S. institutional and retail investors," added Ur-Energy chairman Jeff Klenda. "The AMEX listing will enable us not only to tell the Ur-Energy story to investors in the U.S. for the first time, but to also provide better access and improved trading liquidity to all Ur-Energy shareholders."

The company expects its common shares to begin trading on the AMEX on or about July 24.