As part of the merger agreement, URI supplied Neutron with $0.9 million in cash for their first quarter budget, ended March 31, 2012, and expects it will fund an additional $2.2 million for the second quarter of 2012. As of April 30, 2012, URI had $7.0 million in cash.During January 2012, 1,815,073 shares of common stock were sold for approximately $1.5 million under the Company’s existing At-The-Market Sales Agreement (“ATM”) with BTIG, LLC. URI has a total of $12.9 million available for future sales under the ATM.
Uranium Resources, Inc. Provides First Quarter 2012 Update
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