“As
part of our commitment to
URI
received an exploration permit from the New Mexico Mining and Minerals Division
in November 2008 to drill on Section 13.
The permit, which was renewed in July 2010, allows URI to drill up to
ten holes for the purpose of extracting core samples until November 2011.
“This
drilling project is part of our strategy to advance to production in
In recent months the Tenth Circuit reached decisions
that upheld URI’s Nuclear Regulatory Commission license and found the Company’s
Section 8 property in Churchrock is not Indian Country. The opposing parties have the right to petition the Supreme Court for
review on both decisions by mid-September.
In
a region known as
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
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.
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.
Kei Advisors LLC
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