Tenth
Circuit Court Grants Uranium Resources Petition for En Banc Review
Court grants en banc rehearing to determine
jurisdiction for key
underground injection permit
ALBUQUERQUE, NM, August
25, 2009-- Uranium Resources, Inc. (NASDAQ:� URRE) (URI)
a uranium exploration, development and production company, announced today that
the United States Court of Appeals for the Tenth Circuit has approved its June
1, 2009 petition for an en banc review of the court�s
April 17, 2009
ruling that URI�s
Section 8 property in Churchrock, New Mexico, is
Indian Country and, therefore, subject to the jurisdiction of the U.S.
Environmental Protection Agency (USEPA) for the issuance of an Underground
Injection Permit (UIC).� Previously, the State of New
Mexico Environmental Department had issued a UIC
permit to the company for in-situ recovery (ISR) mining of the Churchrock property. �
��The court�s decision
to allow an en banc review of permit jurisdiction is an important step toward
our being able to define our course of action to advance Churchrock
towards production,� commented Dave Clark,
President and CEO of URI. �Just
as important are our continued efforts to improve our relations with
the Navajo Nation in order to develop a better understanding of
their issues regarding uranium mining and address their concerns.�
URI has the
opportunity to file a supplemental brief regarding the jurisdictional issues by
October 8, 2009.� The USEPA and the Navajo Nation may respond
by November 18,
2009.� If they do respond, URI
has the option to file a reply brief by December
11, 2009.� The court anticipates
oral arguments will be held during the week of January
11, 2010
Uranium Resources
currently holds over 101 million pounds of uranium mineralized material in New
Mexico and, with its pending acquisition of mineral properties from NZ Uranium,
URI�s
uranium holdings in New Mexico will exceed 135 million pounds on nearly 300,000 acres. �URI
is the leading uranium company in New
Mexico and has been actively working to return uranium
mining to the state through its educational program on mining safety, its work
with national laboratories such as Los
Alamos and Sandia on effective groundwater restoration
and partnering with major industry players to resolve
the many issues facing the industry.
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
has 183,000 acres
of uranium mineral holdings,
101.4 million pounds of in-place mineralized uranium material in New
Mexico and an NRC license to
produce up to 3 million pounds of uranium.�
The Company acquired these properties over the past 20 years along with
an extensive information database of historic mining logs and analysis.�
URI�s strategy is to
fully exploit its resource base in New Mexico and Texas, to acquire new assets
individually or by partnering with other companies and to advance ISR
production in New Mexico, which is an environmentally-oriented approach that it
believes will be the quickest and least costly means of uranium production for
the state.� 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 & Chief
Executive Officer
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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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Media Contact:
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April Wade
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Ph: �505-440-9441
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E-mail:� awade@uraniumresources.com
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