Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Uranium Resources Inc.

Publié le 24 février 2015

Uranium Resources Commences Exploration Drilling in South Texas

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | G Mexico | Uranium |

Uranium Resources Commences Exploration Drilling in South Texas

  • Initial exploration drilling begins at Butler Ranch Project to be followed by a major drilling program at the Alta Mesa Este Project.
  • The planned exploration investment is part of an expected $9 million Company cash expenditure for 2015, which is significantly lower than the cash expended in 2014 and almost half of the cash expenditure in 2012.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Uranium Resources, Inc. (NASDAQ: URRE) has commenced exploration drilling at its Butler Ranch Project and is expected to conduct drilling at the Alta Mesa Project by the end of the first quarter of 2015. The Company expects to invest $0.8 million on exploration drilling at the Butler Ranch and Alta Mesa Este projects in South Texas in 2015.

These two projects were part of a non-cash, strategic land exchange completed in November 2014 that augmented the Company's project development pipeline. All five projects acquired through the land exchange are located near the Company's temporarily idled processing facilities at Kingsville Dome and Rosita in South Texas.

Christopher M. Jones, President and Chief Executive Officer, said, "We are excited to incorporate a substantial exploration drilling program on two of our five new South Texas projects in 2015. The Butler Ranch and Alta Mesa Este projects as well as the Sejita Dome Project are high quality, mid-term in-situ recovery (ISR) projects within the highly prospective South Texas uranium province. While initiating this important South Texas exploration program, we have also been able to further reduce the Company's cash spend rate to an estimated $9 million for 2015."

Butler Ranch Phase One Drilling

The 2,592-acre Butler Ranch Project is located in the prolific Karnes County mining district, and is 75 miles north-northeast of the Company's Rosita processing facility. Historic open pit mining of uranium deposits (situated above the water table and not amenable to in-situ recovery methods) occurred in the area from the 1950s through the 1970s by Conoco, Susquehanna-Western, Pioneer Nuclear and Chevron.

The initial Butler Ranch drilling program, which is comprised of between 4 and 6 holes (up to a total of 2,100 feet), is designed to test for uranium mineralization beneath the water table, which would be suitable for in-situ recovery methods. Drilling is planned to evaluate the southwesterly projection of uranium mineralization within the Jackson Group sandstones, which is the host structure of several known uranium deposits in the area.

Upon completion of rotary drilling at the Butler Ranch Project, the drill rig will be moved to the Alta Mesa Este property for a major 40-hole exploration drilling program there.

Alta Mesa Este Phase One Drilling

The 2,841-acre Alta Mesa Este Project is located about 56 miles southwest of the Company's Kingsville Dome processing facility, and is a short distance northeast of Mesteña Uranium's Alta Mesa processing plant and well fields. The Alta Mesa Este phase one drilling program is designed to test for the presence of roll-front uranium mineralization in the Goliad Formation, which is the host rock for the nearby Alta Mesa mine.

Drilling of up to 24,000 feet in approximately 40 holes is planned along a 1.5 mile east-west trending target zone, which was previously drilled by Chevron Resources in the early 1980s. The drill holes at Alta Mesa Este will range from 450 to 600 feet in depth. The Company expects to advance the Alta Mesa Este Project with aggressive drilling to target development of preliminary ISR production within three to five years.

2015 Cash Expenditure

The $0.8 million exploration investment is part of an expected $9 million cash budget for cash general and administrative and mineral property expenditures for 2015. The expected 2015 cash expenditure is 23% lower than the $11.6 million (unaudited) in expenditures in 2014 and is almost half of the cash spent of $16.8 million1 in 2012. During the third quarter of 2014, the Company achieved its goal of reducing its cash burn rate to under $1.0 million per month and has further tightened its expected expenditures in 2015 while funding an exploration program.

The Company's cash and cash equivalents totaled $5.6 million at the end of 2014. The Company expects to report its fourth quarter and full year 2014 results on March 19, 2015.

Footnote:

1. Reflecting restated financial statements for 2012.

About Uranium Resources

Uranium Resources, Inc. was incorporated in 1977 to explore, develop and recover uranium. Uranium Resources has two licensed and currently idled processing facilities and approximately 17,000 acres of prospective in situ recovery (ISR) projects in Texas. In New Mexico, the Company holds a federal Nuclear Regulatory Commission license to recover up to three million pounds of uranium per year using the ISR process at certain properties and controls minerals rights encompassing approximately 195,000 acres in the prolific Grants Mineral Belt in New Mexico, which holds one of the largest known concentrations of sandstone-hosted uranium deposits in the world. The Company acquired these properties along with an extensive uranium information database of historic drill hole logs, assay certificates, maps and technical reports for 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 operating performance, events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to (i) the timing and start of exploration, including drilling, at the Company's properties, (ii) extensions of uranium mineralization, (iii) the timing or occurrence of production at the Company's properties and (iv) the 2015 exploration investment and cash burn rate 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) further reduction of the cash burn rate in 2015; (b) the Company's ability to raise additional capital in the future; (c) spot price and long-term contract price of uranium; (d) the Company's ability to reach agreements with current royalty holders; (e) operating conditions at the Company's projects; (f) government and tribal regulation of the uranium industry and the nuclear power industry; (g) world-wide uranium supply and demand; (h) 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; and 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.

Qualified Person

Dean T. "Ted" Wilton, CPG-7659, Chief Geologist and Vice President of Uranium Resources, is a Qualified Person under Canada National Instrument 43-101. Mr. Wilton supervised the preparation of the scientific and technical information regarding the projects in this news release.

Learn more about the Company and its Texas Projects at
www.uraniumresources.com

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150224005228/en/

Uranium Resources, Inc.
Wendy Yang, 303-531-0478
Investor Relations
[email protected]

Source: Uranium Resources, Inc.



Lire la suite de l'article sur www.noodls.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Uranium Resources Inc.

PRODUCTEUR
CODE : URRE
ISIN : US9169016063
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

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.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Uranium Resources Inc.
20/01/2017Announces Closing of $9.7 Million Public Offering
13/01/2017Announces Proposed Public Offering of Common Stock
19/04/2016Finalizes $12 Million Funding Arrangement With Aspire Capita...
06/02/2013(NASDAQ: URRE) Announces Terms of Rights Offering
19/01/2013(NASDAQ:URRE) Announces 1-for-10 Reverse Stock Split and Set...
Nominations de Uranium Resources Inc.
30/12/2013(NASDAQ: URRE) Announces Changes in Board of Directors
13/03/2013(NASDAQ: URRE) Appoints Christopher M. Jones as President an...
20/09/2012(NASDAQ:URRE) Annouces Resignation of Chief Executive Office...
Rapports Financiers de Uranium Resources Inc.
12/05/2016Reports First Quarter 2016 Results
29/10/2013(NASDAQ: URRE) Provides Third Quarter 2013 Update
09/08/2013(NASDAQ: URRE) Provides Second Quarter 2013 Update
10/05/2013(NASDAQ: URRE) Provides First Quarter 2013 Update
09/11/2012(NASDAQ: URRE) Provides Third Quarter 2012 Update
09/08/2012(NASDAQ: URRE) Provides Second Quarter 2012 Update
10/05/2012(NASDAQ: URRE) Provides First Quarter 2012 Update
16/08/2011(NASDAQ: URRE) Provides Second Quarter 2011 Update
09/08/2010Provides Second Quarter 2010 Update
26/07/2010Second Quarter 2010 Financial Results Teleconference & Webca...
05/05/2010First Quarter 2010 Financial Results Teleconference and Webc...
15/03/2010Fourth Quarter 2009 and Full Year Financial Results Transcri...
11/03/2010Reports 2009 Fourth Quarter and Full Year Results
04/03/20104th Quarter 2009 Financial Results and Strategic Plan Review...
10/08/2009Reports Second Quarter 2009 Results
28/07/2009Second Quarter 2009 Financial Results Teleconference and Web...
10/03/2009NASDAQ:URRE) Reports Fourth Quarter 2008 Results
06/03/2009(NASDAQ:URRE) Announces Fourth Quarter and Year-End 2008 Ear...
11/08/2008Reports Second Quarter 2008 Results
Projets de Uranium Resources Inc.
31/07/2017Commences Lithium Exploration Drilling at the Columbus Basin...
21/01/2014European Uranium Resources Ltd. And Portex Minerals Inc. Pro...
24/12/2013Navajo Nation Council Resources and Development Committee Re...
23/12/2013European Uranium Resources Ltd. and Portex Minerals Inc. Ann...
09/12/2013European Uranium Resources Ltd. To Merge With Portex Mineral...
05/12/2013(NASDAQ: URRE) Provides Update on South Texas Exploration Pr...
07/01/2013(NASDAQ: URRE) Expands and Extends Joint Venture with Cameco
07/09/2012(NASDAQ: URRE) Closes $5 million in Funding with Resource Ca...
04/09/2012(NASDAQ: URRE) Announces Closing of Neutron Energy Acquisiti...
30/08/2012' (NASDAQ: URRE) Stockholders Approve Share Issuance for Acq...
24/08/2012Neutron Energy Stockholders Approve Plan of Merger with Uran...
09/03/2012(NASDAQ: URRE) Reviews 2011 Results and Provides Project Pla...
29/11/2011(NASDAQ: URRE) Announces Start of Phase II Drilling at Los F...
28/06/2011(NASDAQ: URRE) Begins Drilling at its Los Finados Project in...
01/03/2011(Mtonya)Uranium Resources - Mtonya Drilling Results
22/07/2010(Churchrock / Mancos)Reports on Plan of Action for Advancing Churchrock, New Mexi...
01/06/2009(Churchrock / Mancos)Provides Update on Churchrock Project
18/10/2007Intersects 0.10% U3O8 Over 19.30 Metres At The C Zone & Cont...
Communiqués de Presse de Uranium Resources Inc.
18/12/2015Results of AGM 2015
18/12/2015Uranium Resources Announces $1.0 Million Funding
18/12/20158:02 am Uranium Resources completes a registered direct offe...
15/12/2015Notice of AGM
09/11/2015URI Successfully Completes Anatolia Merger
09/10/2015Anatolia Securityholders Overwhelmingly Support Combination ...
26/08/2015Resource Capital Fund Confirms Voting Support for Merger of ...
18/08/201510-Q for Uranium Resources, Inc.
14/08/2015Uranium Resources Reports Second Quarter 2015 Results
03/08/2015Uranium Resources Gains $2.5 Million Plus Other Consideratio...
07/07/2015Uranium Resources Acquires Historic Resource Estimates And D...
28/06/2015Uranium Resources Enters Agreement to Raise $2.5 Million Cas...
04/05/201510-K/A for Uranium Resources, Inc.
03/05/201510-K for Uranium Resources, Inc.
24/03/2015Loan Agreement
23/03/2015Uranium Resources Announces Preliminary Drill Results from B...
19/03/2015Uranium Resources Reports 2014 Results
06/03/2015Uranium Resources Announces Closing of Registered Direct Fin...
03/03/2015Uranium Resources Announces $6.0 Million Registered Direct O...
24/02/2015Uranium Resources Commences Exploration Drilling in South Te...
07/02/2014(NASDAQ: URRE) Announces $10.3 Million Registered Direct Off...
30/01/2014' (NASDAQ: URRE) Shareholders Approve RCF Convertible Loan A...
08/01/2014(NASDAQ: URRE) Retains Wendy Yang for Investor Relations
21/11/2013(NASDAQ: URRE) Q3 2013 Update Teleconference Transcript Now ...
19/11/2013(NASDAQ: URRE) Provides Corporate Update
19/11/2013European Uranium Resources' Director Steps Down
07/11/2013European Uranium Resources Increases Size of Financing
12/07/2013(NASDAQ: URRE) Announces Amended Uranium Supply Contract
17/05/2013(NASDAQ: URRE) Consolidates Offices for Efficiencies and Co...
21/03/2013(NASDAQ: URRE) Q4 2012 Update Teleconference Transcript Now ...
15/03/2013(NASDAQ: URRE) Provides Full Year 2012 Review and Outlines N...
15/02/2013(NASDAQ: URRE) Secures Surety Bonds on South Texas Propertie...
07/02/2013(NASDAQ: URRE) Regains Compliance with NASDAQ Minimum Bid Pr...
01/02/2013Tigris Uranium Resumption of Trading
16/01/2013(NASDAQ: URRE) Announces Director Changes
15/01/2013' (NASDAQ: URRE) Stockholders Approve Reverse Stock Split
31/10/2012(NASDAQ: URRE) Announces Positive Results of Groundwater Stu...
21/08/2012(NASDAQ: URRE) Q2 2012 Teleconference Transcript Now Availab...
31/07/2012(NASDAQ: URRE) Comes to Agreement with Navajo Nation
17/07/2012(NASDAQ:URRE) Granted 180-Day Extension by NASDAQ to Regain ...
13/06/2012(NASDAQ: URRE) Announces Director Changes
17/04/2012Reaction: Japan to restart Ohi Reactors; UAE may double nucl...
03/04/2012(NASDAQ: URRE) Names Ted Wilton as Vice President and Chief ...
20/02/2012Power Alerts Uranium Reaction
23/01/2012(NASDAQ: URRE) Receives Expected NASDAQ Notification Regardi...
02/12/2011(NASDAQ: URRE) Launches New Website
14/06/2011(NASDAQ: URRE) Receives Confirmation of its Discharge Plan i...
11/05/2011(NASDAQ: URRE) Enters Into Exploration Agreement with Cameco...
14/02/2011Reviews 2010 and Outlines Strategic Initiatives for 2011
02/08/2010Presents Plans for NRC License Renewal at Public Meeting
02/07/2010to Transfer to NASDAQ Capital Market
18/06/2010Common Stock Offering
15/06/2010Tenth Circuit Rules in favor of Uranium Resources, Inc. in I...
14/06/2010Commences Drilling Programme in Tanzania
02/06/2010Sells Part of its Extensive Geologic Database for $250,000 i...
11/03/20102009 4th Quarter and Full Year Results
09/03/2010Tenth Circuit Upholds NRC Licensing of Churchrock & Crownpoi...
16/02/2010Positive Nuclear Energy News forwarded by Uranium Resources,...
20/01/2010Welcomes New Board Member
08/09/2009Terminates Agreement to Acquire New Mexico Properties
25/08/2009Tenth Circuit Court Grants Uranium Resources Petition for En...
20/07/2009Enters Into Definitive Agreement to Acquire New Mexico Prope...
19/12/2008Reduces Annual Costs by $2.2 million
10/07/2008Announces Resignation of Director George Ireland
26/06/2008Announces Termination of Agreement to Purchase Rio Algom Min...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
NASDAQ (URRE)LSE (URA.L)
6,80-2.86%0,430-14.00%
NASDAQ
US$ 6,80
07/05 14:13 -0,200
-2,86%
Cours préc. Ouverture
7,00 7,00
Bas haut
6,68 7,00
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  6,80 -%
Volume var. 1 mois
15 224 -%
24hGold TrendPower© : 2
Produit Uranium
Développe Uranium
Recherche Uranium
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 15/06/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
20194433,33%9,450,13
2018-85,98%1,140,13
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,58 AU$+2,71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,83 AU$-4,07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,47 US$-7,33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-10,32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,00 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,71 CA$-1,02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 CA$+7,14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,25 AU$+4,17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,79 CA$-6,28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
59,37 US$+2,73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :