URANIUM
RESOURCES INC. WELCOMES NEW BOARD MEMBER
New Mexico Oil & Gas Association President brings
broad energy experience to Board of URI
LEWISVILLE, TX,
January 20, 2010-- Uranium Resources, Inc. (NASDAQ:� URRE) (URI) a uranium exploration,
development and production company, announced today the appointment of Robert
(Bob) Gallagher to the Company�s Board of Directors. �Mr. Gallagher is President of the New Mexico
Oil & Gas Association (NMOGA), an association that promotes education and
understanding of the oil and gas and other extraction industries vital to
enhancing the future of the state.
Mr. Gallagher�s vast
experience in the public and private sector includes a Presidential appointment
as Senior Advisor for Oil & Gas to the Secretary of Energy during the
Clinton Administration.� He also served
as City Manager of Hobbs, New Mexico, from 1986 to 1994, leaving city
government for an executive position with a private oil service company.�
�Bob brings a vast amount of
knowledge and experience on issues in the domestic and New Mexico energy
industry,� commented Paul K. Willmott, Executive Chairman of the Board.� �His experience on many levels will assist
URI in moving forward with our future plans in the Grants Mineral Belt.� His addition to the Board strengthens our
base in New Mexico, and we believe Bob will be extremely effective in assisting
in our efforts.��
Mr.
Gallagher commented, �I believe nuclear power is an additional needed power
source for this country and domestically-sourced uranium is most abundant in
New Mexico.� Serving on URI�s board gives
me the opportunity to apply my knowledge of the state and the energy industry
while addressing the power requirements of the U.S.� I am honored to have been selected to be a
part of this dynamic business.�
Mr.
Gallagher, a graduate of New Mexico State University, is a board member of the
Rio Rancho Economic Development Corporation and is the former chairman of the
Board of Regents for New Mexico State University.
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 NRC license to produce
up to 3 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.
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Investor Contact:
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Company Contact:
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Deborah K. Pawlowski/James M. Culligan
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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:�
716.843.3908/ 716.843.3874
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Phone:� 972.219.3330
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Email: dpawlowski@keiadvisors.com/jculligan@keiadvisors.com
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Media Contact:
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April Wade
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Ph:� 505-440-9441
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E-mail:� awade@uraniumresources.com
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