Uranium Resources, Inc. (NASDAQ: URRE) (URI), today announced that Mark K. Wheatley was appointed as an independent director of URI, effective January 16, 2013.
Mr. Wheatley has more than 25 years of global metals and mining exploration and development experience and has served on the boards of a number of listed companies over the last 10 years. He is currently a director of Xanadu Mines and Goliath Gold and was a director of Gold One International until the end of 2012. Mr. Wheatley was a director of Uranium One Inc from 2005 through 2010. He was CEO of Southern Cross Resources from 2003, and Chairman of the Board beginning in 2004, until the company merged to create Uranium One in 2005. His executive management experience also includes Managing Director and CEO of BMA Gold Ltd and General Manager of Corporate Development for Aurion Gold. He also was Senior Vice President within the global mining team of Bankers Trust Australia. Mr. Wheatley started his career at BHP Billiton in 1979 and worked in a number of technical and commercial roles.
Paul K. Willmott, Executive Chairman of the Board of URI, commented, “Mark adds a wealth of experience and a solid knowledge of the industry to the URI board. He has successfully led companies in all aspects and phases of a project, including finance, operations, exploration, production and ultimately closure. His experience will prove invaluable as we work to develop our asset base in South Texas and New Mexico.”
With Mr. Wheatley's appointment, the Company's Board of Directors now consists of five directors, including three independent directors. Mr. Wheatley will also serve on the Company’s Audit Committee, increasing the number of members to three. Following Mr. Wheatley’s appointment, the Company expects to regain compliance with NASDAQ rules requiring the Board of Directors to be comprised of a majority of independent directors and the Audit Committee to be comprised of at least three independent members.
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