About Uranium Resources, Inc.Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas. URI has over 206,600 acres of uranium mineral holdings and 152.9 million pounds of in-place mineralized uranium material in New Mexico and an NRC license to produce up to 1 million pounds of uranium per year. URI has an additional 1.3 million pounds of in-place mineralized uranium material in Texas and South Dakota. The Company acquired these properties over the past 20 years along with an extensive information database of historic drill hole logs, assay certificates, maps and technical reports. Uranium Resources routinely posts news and other information about the Company on its website at www.uraniumresources.com. Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the Company’s estimated mineralized uranium material, development of the Company’s asset base, including the Company’s Churchrock Section 8 project, resolution of the Churchrock Section 8 access and royalty issues, commencement of production at the Company’s properties, reduction of the Company’s burn rate, the outcome of negotiations relating to the Company’s supply contract for its Texas production, and the strategy of the Company are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the spot price and long-term contract price of uranium, the outcome of negotiations with the Navajo Nation, the Company’s ability to reach agreements with current royalty holders, weather conditions, operating conditions at the Company’s mining projects, government and tribal regulation of the mining industry and the nuclear power industry, world-wide uranium supply and demand, availability of capital, timely receipt of mining and other permits from regulatory agents and other factors which are more fully described in the Company’s documents filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
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.”