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Uranium Resources Inc.

Publié le 02 juin 2010

Sells Part of its Extensive Geologic Database for $250,000 in Cash

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Uranium Resources, Inc. Sells Part of Its Extensive Geologic Database
for $250,000 in Cash

LEWISVILLE, TX, June 2, 2010 --- Uranium Resources, Inc. (NASDAQ:URRE) (URI), announced today that it has entered into an agreement to sell historic drill data for $250,000 in cash to Uranium Energy Corp., which leases the Seager-Salvo property in Bee County, Texas, to which the data relates.The geologic data sold consists of approximately 433 electric logs, lithology logs and copies of drill hole location maps.

Don Ewigleben, President and CEO of URI, commented, �The sale of a small portion of our extensive geologic database is part of our strategy to dispose of non-core assets.The data involved had no value to URI because we have no position in the property and the value would diminish as additional drilling is completed in the area.We will continue to evaluate the potential monetization of other non-core assets as part of the strategic plan recently adopted by our Board of Directors.�

He added, �We continue to pursue opportunities in Texas where we believe there is significant potential for finding extensive new bases of uranium material based on geologic trends and historic oil company interests and research.�

In addition to its database of drill logs and maps in South Texas, where URI has operated for over 30 years,the Company owns a large database of over 18,800 drill logs in New Mexico, where the Company holds over 101 million pounds of in-place mineralized uranium material.

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, as well as a NRC license to produce up to 1 million pounds of uranium.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.

Safe Harbor Statement
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:

Company Contact:

Deborah K. Pawlowski/James M. Culligan

Don Ewigleben

Kei Advisors LLC

President & Chief Executive Officer

Phone:716.843.3908/ 716.843.3874

Phone:972.219.3330

Email: dpawlowski@keiadvisors.com/jculligan@keiadvisors.com

 

Media Contact:

 

April Wade

 

Ph:505-440-9441

 

E-mail:awade@uraniumresources.com

 

 

 


If you no longer wish to receive communication from this company, .

Kei Advisors LLC
12 Fountain Plaza
Buffalo, NY 14202
USA

Uranium Resources Inc.

PRODUCTEUR
CODE : URRE
ISIN : US9169016063
Suivi et investissement
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Uranium Res. est une société de production minière d'uranium basée aux Etats-Unis D'Amerique.

Uranium Res. détient divers projets d'exploration en Australie.

Ses principaux projets en production sont KINGSVILLE DOME et ROSITA en USA, son principal projet en développement est ROCA HONDA en USA et ses principaux projets en exploration sont VASQUEZ, MOSSER, MARSHALL, WEST LARGO, SOUTH TEXAS LEASE et CROWPOINT en USA et MTONYA, CHURCHROCK / MANCOS et NOSE ROCK en Australie.

Uranium Res. est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 189,9 millions US$ (169,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 27 avril 2007 à 9,99 US$, et son plus bas niveau récent le 05 avril 2019 à 0,13 US$.

Uranium Res. possède 27 929 584 actions en circulation.

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NASDAQ (URRE)LSE (URA.L)
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