Resource News

Uranium Resources Inc (NASDAQ:URRE) has released its 2012 financial report and activities.

Uranium Resources Inc (NASDAQ:URRE) has released its 2012 financial report and activities.

As quoted in the press release:

Key 2012 and Recent Accomplishments

  • Acquired Neutron Energy, Inc. (“Neutron”) in August 2012, adding over 50 million pounds of mineralized uranium material.
  • Substantiated financial and environmental viability of the Churchrock Section 8 Project.
  • Achieved an agreement with the Navajo Nation for temporary access to Section 8. First step taken in addressing legacy issues surrounding uranium mining in New Mexico.
  • Expanded and extended its South Texas exploration agreement with a subsidiary of Cameco Corporation (NYSE: CCJ).
  • Recapitalized through a $5 million bridge loan facility with Resource Capital Fund V L.P. (“RCF”), a shareholder rights offering (“Rights Offering”) and the pending release of $4.5 million back to URI after securing new surety bonds.
  • Regained compliance with NASDAQ listing standards.
  • Named Christopher M. Jones as President and CEO effective April 1, 2013.

Click here to read the full Uranium Resources Inc (NASDAQ:URRE) press release.

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