During the second quarter, no common stock was sold under the Company’s existing At-The-Market Sales Agreement (“ATM”) with BTIG, LLC. In late July, the Company sold 2.66 million shares under the ATM program, raising net proceeds of $1.455 million. URI has a total of $11.4 million in share value available for future sales under the ATM.URI incurred cash expenditures from its operating and investing activities during the first six months of $11.5 million. With current cash on hand, the RCF option and the ATM agreement, the Company expects it has sufficient funding for approximately twelve months of operations.
Uranium Resources, Inc. Provides Second Quarter 2012 Update
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