Uranium Resources, Inc. Executives Adopt Rule 10b5-1 Plans
LEWISVILLE, TX, December 10, 2010 -- Uranium
Resources, Inc. (NASDAQ: URRE) (�URI�) today announced that five of its
executive officers have established Rule 10b5-1 plans to effect the orderly
sale of a portion of their holdings of Uranium Resources common stock resulting
from deferred compensation that the officers were awarded from 1999 though 2004 and from vesting of restricted shares.
The adoption of these plans is a part of these individuals strategy to
generate cash to pay taxes and for asset diversification and liquidity.
Additionally, URI will be relieved of approximately $700,000 in deferred
compensation liability. The officers included are, Executive Chairman,
Paul K. Willmott, Executive Vice President �
Operations, Richard A. Van Horn, Vice President and Chief Financial Officer,
Thomas H. Ehrlich, Senior Vice President � Health Safety and Environmental
Affairs, Mark S. Pelizza, and Vice President �
Corporate Development, Mathew F. Lueras.
Collectively, the five officers may sell up to 942,292
shares of common stockunder these plans. The
transactions will commence no earlier than December 20, 2010 and will be
disclosed publicly through Form 4 filings with the Securities and Exchange
Commission. If all the planned shares are sold, the five would
beneficially own approximately 2,373,830 shares of Uranium Resources, Inc.
outstanding stock including vested and unvested equity awards.
The trading plans are designed in accordance with
URI�s policies regarding stock transaction and guidelines specified under
Rule10b5-1 of the Securities Exchange Act of 1934, which allows corporate
officers and directors to adopt written, pre-arranged stock trading plans at
times when they do not have material, non-public information. Using these
plans, insiders can gradually diversify their investment portfolios, can spread
stock trades out over an extended period of time to reduce market impact, and
can avoid concerns about whether they had material, non-public information when
they sold their stock.
About Uranium
Resources, Inc.
Uranium Resources Inc. explores for, develops and
mines uranium. Since its incorporation in 1977, URI has produced over 8
million pounds of uranium by in-situ recovery (ISR) methods in the state of
Texas where the Company currently has ISR mining projects. URI also has
183,000 acres of uranium mineral holdings and 101.4 million pounds of in-place
mineralized uranium material in New Mexico and a NRC license to produce up to 1
million pounds of uranium per year. The Company acquired these properties
over the past 20 years along with an extensive information database of historic
mining logs and analysis. None of URI�s properties is currently
in production.
URI�s strategy is to fully exploit its resource base
in New Mexico and Texas, expand its asset base both within and outside of New
Mexico and Texas, partner with larger mining companies that have undeveloped
uranium or with junior mining companies that do not have the mining experience
of URI, as well as provide restoration expertise to those that require the
capability or lack the proficiency.
Uranium Resources routinely posts news and other
information about the Company on its web site at www.uraniumresources.com.
SafeHarborStatement
This press 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
operating performance, events, or developments that the Company expects or
anticipates will occur in the future, including but not limited to statements
relating to the Company�s mineralized uranium materials, timing of receipt of
mining permits, production capacity of mining operations planned for properties
in South Texas and New Mexico, planned dates for commencement of production at
such properties, revenue, cash generation and profits 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, the spot price and long-term
contract price of uranium, weather conditions, operating conditions at the
Company�s mining projects, government regulation of the mining industry and the
nuclear power industry, world-wide uranium supply and demand, availability of
capital, timely receipt of mining and other permits from regulatory agents and
other factors which are more fully described in the Company�s documents filed
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 press release.
Investor
Contact:
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Company
Contact:
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Deborah K. Pawlowski
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Don Ewigleben
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Kei Advisors
LLC
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President
& Chief Executive Officer
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Phone:
972.219.3330
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Media Contact:
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Mat Lueras
Vice President,
Corporate Development
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Ph: 505.269.8317
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E-mail: mlueras@uraniumresources.com
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