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Uranium Resources Inc.

Published : January 20th, 2017

Announces Closing of $9.7 Million Public Offering

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Uranium Resources Announces Closing of $9.7 Million Public Offering


View news release on uraniumresources.com >>


CENTENNIAL, Colo., January 19, 2017Uranium Resources, Inc. (Nasdaq: URRE; ASX: URI), an energy metals exploration and development company, today announced that it has completed a registered public offering of an aggregate of 1,399,140 shares of common stock at a price to the public of $2.01 per share and pre-funded warrants to purchase 3,426,731 shares of common stock at a price to the public of $2.00 per pre-funded warrant.

Dawson James Securities, Inc. acted as the sole book-running manager for the offering.  A long-only family office led the transaction.

Total gross proceeds from the offering were approximately $9.7 million, before deducting placement agent fees and other estimated offering expenses. URI intends to use the net proceeds from the offering to fund ongoing business activities, which may include technical studies, restoration commitments, capital expenditures, debt reduction, working capital and other general corporate purposes.

The securities were offered by URI pursuant to an effective shelf registration statement on Form S-3 (File No. 333-196880), which was declared effective by the U.S. Securities and Exchange Commission (the �SEC�) on June 30, 2014.  A prospectus supplement related to the offering and accompanying base prospectus has been filed with the SEC and is available on the website of the SEC at www.sec.gov. Copies of the prospectus and prospectus supplement may also be obtained from Dawson James Securities, Inc., Attention: Prospectus Department, 1 North Federal Highway, 5th Floor, Boca Raton, FL 33432, mmaclaren@dawsonjames.com or toll free at (866) 928-0928.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Uranium Resources (URI)

URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price. The Company has developed a dominant land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under nine exploration and operating licenses covering approximately 32,000 acres (over 13,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drillhole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States.

Cautionary Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as �expects,� �estimates,� �projects,� �anticipates,� �believes,� �could,� and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the use of proceeds from the offering and developments at the Company�s projects, including future exploration costs and results, are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) the Company�s ability to raise additional capital in the future; (b) spot price and long-term contract price of uranium and lithium; (c) risks associated with our foreign operations, (d) operating conditions at the Company�s projects; (e) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (f) world-wide uranium and lithium supply and demand, including the supply and demand for lithium based batteries; (g) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (i) the ability of the Company to enter into and successfully close acquisitions or other material transactions;  (j) the results of the Company�s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, and (k) other factors which are more fully described in the Company�s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company�s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company�s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

Uranium Resources Contact:

 

Christopher M. Jones, President and CEO
303.531.0472

Jeff Vigil, VP Finance and CFO
303.531.0473

Email: Info@uraniumresources.com

Website:www.uraniumresources.com


Data and Statistics for these countries : Mexico | Turkey | All
Gold and Silver Prices for these countries : Mexico | Turkey | All

Uranium Resources Inc.

PRODUCER
CODE : URRE
ISIN : US9169016063
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Uranium Res. is a uranium producing company based in United states of america.

Uranium Res. holds various exploration projects in Australia.

Its main assets in production are KINGSVILLE DOME and ROSITA in USA, its main asset in development is ROCA HONDA in USA and its main exploration properties are VASQUEZ, MOSSER, MARSHALL, WEST LARGO, SOUTH TEXAS LEASE and CROWPOINT in USA and MTONYA, CHURCHROCK / MANCOS and NOSE ROCK in Australia.

Uranium Res. is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is US$ 189.9 millions as of today (€ 169.7 millions).

Its stock quote reached its highest recent level on April 27, 2007 at US$ 9.99, and its lowest recent point on April 05, 2019 at US$ 0.13.

Uranium Res. has 27 929 584 shares outstanding.

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Financings of Uranium Resources Inc.
1/20/2017Announces Closing of $9.7 Million Public Offering
1/13/2017Announces Proposed Public Offering of Common Stock
4/19/2016Finalizes $12 Million Funding Arrangement With Aspire Capita...
2/6/2013(NASDAQ: URRE) Announces Terms of Rights Offering
1/19/2013(NASDAQ:URRE) Announces 1-for-10 Reverse Stock Split and Set...
Nominations of Uranium Resources Inc.
12/30/2013(NASDAQ: URRE) Announces Changes in Board of Directors
3/13/2013(NASDAQ: URRE) Appoints Christopher M. Jones as President an...
9/20/2012(NASDAQ:URRE) Annouces Resignation of Chief Executive Office...
Financials of Uranium Resources Inc.
5/12/2016Reports First Quarter 2016 Results
10/29/2013(NASDAQ: URRE) Provides Third Quarter 2013 Update
8/9/2013(NASDAQ: URRE) Provides Second Quarter 2013 Update
5/10/2013(NASDAQ: URRE) Provides First Quarter 2013 Update
11/9/2012(NASDAQ: URRE) Provides Third Quarter 2012 Update
8/9/2012(NASDAQ: URRE) Provides Second Quarter 2012 Update
5/10/2012(NASDAQ: URRE) Provides First Quarter 2012 Update
8/16/2011(NASDAQ: URRE) Provides Second Quarter 2011 Update
8/9/2010Provides Second Quarter 2010 Update
7/26/2010Second Quarter 2010 Financial Results Teleconference & Webca...
5/5/2010First Quarter 2010 Financial Results Teleconference and Webc...
3/15/2010Fourth Quarter 2009 and Full Year Financial Results Transcri...
3/11/2010Reports 2009 Fourth Quarter and Full Year Results
3/4/20104th Quarter 2009 Financial Results and Strategic Plan Review...
8/10/2009Reports Second Quarter 2009 Results
7/28/2009Second Quarter 2009 Financial Results Teleconference and Web...
3/10/2009NASDAQ:URRE) Reports Fourth Quarter 2008 Results
3/6/2009(NASDAQ:URRE) Announces Fourth Quarter and Year-End 2008 Ear...
8/11/2008Reports Second Quarter 2008 Results
Project news of Uranium Resources Inc.
7/31/2017Commences Lithium Exploration Drilling at the Columbus Basin...
1/21/2014European Uranium Resources Ltd. And Portex Minerals Inc. Pro...
12/24/2013Navajo Nation Council Resources and Development Committee Re...
12/23/2013European Uranium Resources Ltd. and Portex Minerals Inc. Ann...
12/9/2013European Uranium Resources Ltd. To Merge With Portex Mineral...
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9/7/2012(NASDAQ: URRE) Closes $5 million in Funding with Resource Ca...
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8/30/2012' (NASDAQ: URRE) Stockholders Approve Share Issuance for Acq...
8/24/2012Neutron Energy Stockholders Approve Plan of Merger with Uran...
3/9/2012(NASDAQ: URRE) Reviews 2011 Results and Provides Project Pla...
11/29/2011(NASDAQ: URRE) Announces Start of Phase II Drilling at Los F...
6/28/2011(NASDAQ: URRE) Begins Drilling at its Los Finados Project in...
3/1/2011(Mtonya)Uranium Resources - Mtonya Drilling Results
7/22/2010(Churchrock / Mancos)Reports on Plan of Action for Advancing Churchrock, New Mexi...
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10/18/2007Intersects 0.10% U3O8 Over 19.30 Metres At The C Zone & Cont...
Corporate news of Uranium Resources Inc.
12/18/2015Results of AGM 2015
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11/9/2015URI Successfully Completes Anatolia Merger
10/9/2015Anatolia Securityholders Overwhelmingly Support Combination ...
8/26/2015Resource Capital Fund Confirms Voting Support for Merger of ...
8/18/201510-Q for Uranium Resources, Inc.
8/14/2015Uranium Resources Reports Second Quarter 2015 Results
8/3/2015Uranium Resources Gains $2.5 Million Plus Other Consideratio...
7/7/2015Uranium Resources Acquires Historic Resource Estimates And D...
6/28/2015Uranium Resources Enters Agreement to Raise $2.5 Million Cas...
5/4/201510-K/A for Uranium Resources, Inc.
5/3/201510-K for Uranium Resources, Inc.
3/24/2015Loan Agreement
3/23/2015Uranium Resources Announces Preliminary Drill Results from B...
3/19/2015Uranium Resources Reports 2014 Results
3/6/2015Uranium Resources Announces Closing of Registered Direct Fin...
3/3/2015Uranium Resources Announces $6.0 Million Registered Direct O...
2/24/2015Uranium Resources Commences Exploration Drilling in South Te...
2/7/2014(NASDAQ: URRE) Announces $10.3 Million Registered Direct Off...
1/30/2014' (NASDAQ: URRE) Shareholders Approve RCF Convertible Loan A...
1/8/2014(NASDAQ: URRE) Retains Wendy Yang for Investor Relations
11/21/2013(NASDAQ: URRE) Q3 2013 Update Teleconference Transcript Now ...
11/19/2013(NASDAQ: URRE) Provides Corporate Update
11/19/2013European Uranium Resources' Director Steps Down
11/7/2013European Uranium Resources Increases Size of Financing
7/12/2013(NASDAQ: URRE) Announces Amended Uranium Supply Contract
5/17/2013(NASDAQ: URRE) Consolidates Offices for Efficiencies and Co...
3/21/2013(NASDAQ: URRE) Q4 2012 Update Teleconference Transcript Now ...
3/15/2013(NASDAQ: URRE) Provides Full Year 2012 Review and Outlines N...
2/15/2013(NASDAQ: URRE) Secures Surety Bonds on South Texas Propertie...
2/7/2013(NASDAQ: URRE) Regains Compliance with NASDAQ Minimum Bid Pr...
2/1/2013Tigris Uranium Resumption of Trading
1/16/2013(NASDAQ: URRE) Announces Director Changes
1/15/2013' (NASDAQ: URRE) Stockholders Approve Reverse Stock Split
10/31/2012(NASDAQ: URRE) Announces Positive Results of Groundwater Stu...
8/21/2012(NASDAQ: URRE) Q2 2012 Teleconference Transcript Now Availab...
7/31/2012(NASDAQ: URRE) Comes to Agreement with Navajo Nation
7/17/2012(NASDAQ:URRE) Granted 180-Day Extension by NASDAQ to Regain ...
6/13/2012(NASDAQ: URRE) Announces Director Changes
4/17/2012Reaction: Japan to restart Ohi Reactors; UAE may double nucl...
4/3/2012(NASDAQ: URRE) Names Ted Wilton as Vice President and Chief ...
2/20/2012Power Alerts Uranium Reaction
1/23/2012(NASDAQ: URRE) Receives Expected NASDAQ Notification Regardi...
12/2/2011(NASDAQ: URRE) Launches New Website
6/14/2011(NASDAQ: URRE) Receives Confirmation of its Discharge Plan i...
5/11/2011(NASDAQ: URRE) Enters Into Exploration Agreement with Cameco...
2/14/2011Reviews 2010 and Outlines Strategic Initiatives for 2011
8/2/2010Presents Plans for NRC License Renewal at Public Meeting
7/2/2010to Transfer to NASDAQ Capital Market
6/18/2010Common Stock Offering
6/15/2010Tenth Circuit Rules in favor of Uranium Resources, Inc. in I...
6/14/2010Commences Drilling Programme in Tanzania
6/2/2010Sells Part of its Extensive Geologic Database for $250,000 i...
3/11/20102009 4th Quarter and Full Year Results
3/9/2010Tenth Circuit Upholds NRC Licensing of Churchrock & Crownpoi...
2/16/2010Positive Nuclear Energy News forwarded by Uranium Resources,...
1/20/2010Welcomes New Board Member
9/8/2009Terminates Agreement to Acquire New Mexico Properties
8/25/2009Tenth Circuit Court Grants Uranium Resources Petition for En...
7/20/2009Enters Into Definitive Agreement to Acquire New Mexico Prope...
12/19/2008Reduces Annual Costs by $2.2 million
7/10/2008Announces Resignation of Director George Ireland
6/26/2008Announces Termination of Agreement to Purchase Rio Algom Min...
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