Uranium Resources,
Inc. Provides Update on Churchrock Project
LEWISVILLE, TX, June
1, 2009 --- Uranium Resources, Inc. (NASDAQ:� URRE) (URI),
announced that it plans to file today a petition with the U.S. 10th
Circuit Court of Appeals for an en banc review regarding its ruling on April
17, 2009 that determined URI�s
Section 8 in Churchrock, New Mexico is Indian Country
and, therefore, comes under the jurisdiction of the U.S. Environmental
Protection Agency (USEPA) for the issuance of an Underground Injection Control
Permit (UIC).� The New Mexico Environmental Department has
previously issued a UIC permit to the
Company, which continues to be in timely renewal.
Dave Clark, President and CEO
of URI, noted, �As we�ve stated previously,
we intend to proceed in a manner that will allow us to obtain an effective UIC
permit.� Our objective
remains to resolve issues with the Navajo Nation regarding uranium mining in New
Mexico, so we can be well positioned to begin
production as quickly and as safely as possible.�
URI has a Nuclear
Regulatory Commission license to mine 15 million pounds of in-place mineralized
uranium material at Churchrock using in situ recovery
methods.� An effective UIC
permit from the appropriate governmental agency is the final permit needed
before development can begin. �
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 where the
Company currently has ISR mining projects. �URI also
has 183,000 acres of uranium mineral holdings and 101.4 million pounds of
in-place mineralized uranium material in New Mexico.� The Company acquired these properties over
the past 20 years along with an extensive information database. �URI�s
strategy is to capitalize on the strong global market for uranium by fully
exploiting its resource base in Texas
and New Mexico, acquiring new
assets and through joint ventures or partnerships.� Uranium Resources routinely posts news and
other information about the Company on its web site at
www.uraniumresources.com.
Safe Harbor
Statement
This press 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 mineralized uranium materials, timing of
receipt of mining permits, production capacity of mining operations planned for
properties in South Texas and New Mexico, planned dates for commencement of
production at such properties, revenue, cash generation and profits 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, weather conditions, operating conditions
at the Company�s mining projects, government 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 press release.
Investor Contact:
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Company Contact:
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Deborah K. Pawlowski/James M. Culligan
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David N. Clark
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Kei Advisors
LLC
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President and CEO
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Phone: �716.843.3908/716.843.3874
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Phone: �972.219.3330
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Email: �dpawlowski@keiadvisors.com/jculligan@keiadvisors.com
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Company Media Contact:
April Wade
505.440.9441
awade@uraniumresources.com
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