Uranium Resources, Inc. (NASDAQ: URRE) (URI) today announced certain terms of its previously announced rights offering (“Rights Offering”) in which all existing URI shareholders and warrant holders, subject to applicable law, may participate on an equal, proportional basis in purchasing common shares. The Company anticipates launching the Rights Offering on February 7, 2013 and seeks to raise up to $13.0 million. Under the Rights Offering, each URI shareholder and warrant holder will receive one non-transferrable subscription right for each share of common stock owned or subject to a warrant as of 5:00pm ET on January 28, 2013 (the “Record Date”). Every subscription right will entitle the holder to purchase 0.3119 of a share of common stock of URI at a price of $2.55 per whole share, representing a discount of approximately 20% to the closing price of $3.19 on February 5, 2013 and a discount of approximately 32% to the closing price of $3.77 on the Record Date. Fractional shares of URI common stock will not be issued in this Rights Offering. Any fractional shares resulting from the exercise of the subscription rights will be eliminated by rounding down to the nearest whole share. The Rights Offering will be available up to its expiration at 5:00pm ET on February 27, 2013. The Company’s Board of Directors, in its sole discretion, may cancel the Rights Offering or extend the period for exercising the subscription rights for additional periods ending no later than March 12, 2013. The subscription rights are non-transferable and will not be listed for trading on the NASDAQ Capital Market or any other national market or exchange. URI shareholders and warrant holders who elect to fully subscribe to the Rights Offering will have the ability to participate in an over-subscription privilege, allowing them to purchase additional shares of URI common stock at the offering price. The number of shares of common stock available under the over-subscription privilege will be dependent upon the extent of participation of all of the Company’s shareholders and warrant holders that exercise their basic subscription rights. Shareholders who do not exercise all of their basic subscription rights will have their ownership interest, as a percentage of total outstanding common shares, in URI reduced as a result. Any rights not exercised prior to the expiration date will expire without value.