Uranium Resources, Inc. (NASDAQ: URRE) (URI), today announced that its Board of Directors has appointed Christopher M. Jones, P.E., as President and CEO effective April 1, 2013.
Paul K. Willmott, Chairman of the Board of URI, stated, “Chris has a solid history of success leading various mining and production operations, as well as exploration and development projects. We believe his extensive experience and leadership skills will be well applied in our efforts to bring Churchrock Section 8 to production, position our South Texas operations for a return to production and prudently manage our capital while he moves URI forward.”
Mr. Jones has more than 30 years experience in the mining industry and was most recently President and CEO of Wildcat Silver Corporation, where he and his team effectively doubled the size of the resource twice using older, proven metallurgical technologies. Prior to that, he was the Chief Operating Officer and the Mining General Manger at Albian Sands Energy. Mr. Jones also held management positions at RAG Coal West Inc., Phelps Dodge Sierrita Corp. and Cyprus Amax Coal Company. He is a member of the American Institute of Mining, Metallurgical, and Petroleum Engineers and is a Professional Engineer registered in Utah and Alberta. Mr. Jones received a Bachelor of Science in Mining Engineering at the South Dakota School of Mines and an MBA from Colorado State University.
Terence J. Cryan, Interim President and CEO, noted, “We were very deliberate in our search process to find a candidate with the experience and know-how to streamline and focus our efforts in order to meet significant milestones in 2013. These include reducing our cash burn rate, resolving the access issues at Churchrock Section 8, addressing the royalty issue on the same property, negotiating an improved supply contract for our Texas production, readying our Kingsville Dome processing facility for production by completing the pond project, and supporting our exploration joint venture with Cameco. We were fortunate to find Chris to fill this role.”