Uranium Resources Presents at the 2017 Marcum MicroCap Conference
June 12 2017 - 8:57PM
Uranium Resources, Inc. (Nasdaq:URRE) (ASX:URI),
an Energy Metals Exploration and Development Company, presents its
business case to investors at the 2017 Marcum MicroCap Conference
on June 15. The Marcum conference is a highlight on the annual
investment community calendar in New York City.
URI continues to expand its strategy to explore for and develop
energy metals with a current focus on both Lithium and Uranium in
the United States and Turkey. Lithium is well known as a key
ingredient in the manufacture of transportation and electronic
devices, and market analysts forecast that it will be in short
supply as the electric transportation sector continues to grow. As
well, and over the longer term, uranium markets are forecasted to
be in short supply as more nuclear reactors are constructed to
supply electrical power around the globe.
“We are excited to tell our energy metals story at the Marcum
MicroCap Conference,” said Chris Jones, President and CEO of
Uranium Resources. “The increasing demand for lithium and uranium
provide a positive market trend for investors in URI.”
The Marcum MicroCap Conference (www.marcummicrocap.com) is a
nationally recognized forum for publicly traded companies with less
than $500 million in market capitalization to network with fund
managers and high net worth investors who focus on small cap
equities. More than 2,000 investors and other participants from
every segment of the microcap marketplace attend each year,
including venture and lower middle-market private equity investors,
institutional investors, directors, investment bankers, and buy-
and sell-side analysts, as well as senior executive teams from
presenting companies and service providers to the microcap
marketplace.
The conference is presented by Marcum LLP, a top national
accounting and advisory firm registered with the Public Company
Accounting Oversight Board (PCAOB). Marcum's Assurance Division
provides the most up-to-date service and guidance on SEC accounting
and reporting issues. Services include Financial Statement Audits
in accordance with PCAOB standards; Tax Compliance and Advisory
Services; Due Diligence; Agreed-Upon Procedures and Other Attest
Work; Internal Audit Services; Sarbanes-Oxley Section 404
Compliance Services and Software; Technical Accounting Assistance;
and IPO Assistance. For more information, visit
www.marcumllp.com.
About Uranium Resources
URI is focused on expanding its energy metals strategy, which
includes developing its new lithium business while maintaining
optionality on the future rising uranium price. The Company
has developed a dominant land position in two prospective lithium
brine basins in Nevada and Utah for exploration and potential
development of any lithium resources that may be discovered there.
In addition, URI remains focused on advancing the Temrezli
in-situ recovery (ISR) uranium project in Central Turkey when
uranium prices permit economic development of this project. URI
controls extensive exploration properties in Turkey under eight
exploration and operating licenses covering approximately 39,000
acres (over 16,000 ha) with numerous exploration targets, including
the potential satellite Sefaatli Project, which is 30 miles (48 km)
southwest of the Temrezli Project. In Texas, the Company has two
licensed and currently idled uranium processing facilities and
approximately 11,000 acres (4,400 ha) of prospective ISR uranium
projects. In New Mexico, the Company controls mineral rights
encompassing approximately 186,000 acres (75,300 ha) in the
prolific Grants Mineral Belt, which is one of the largest
concentrations of sandstone-hosted uranium deposits in the world.
Incorporated in 1977, URI also owns an extensive information
database of historic drillhole logs, assay certificates, maps and
technical reports for uranium properties located in the Western
United States.
Cautionary 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 events or developments that the Company expects or
anticipates will occur in the future, including but not limited to
statements relating to developments at the Company’s projects,
including future exploration costs and results, future demand for
and price of uranium and lithium, and the Company’s liquidity 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, (a) the Company’s ability to raise
additional capital in the future; (b) spot price and long-term
contract price of uranium and lithium; (c) risks associated with
our foreign operations, (d) operating conditions at the Company’s
projects; (e) government and tribal regulation of the uranium
industry, the lithium industry, and the power industry; (f)
world-wide uranium and lithium supply and demand, including the
supply and demand for lithium-based batteries; (g) maintaining
sufficient financial assurance in the form of sufficiently
collateralized surety instruments; (h) unanticipated geological,
processing, regulatory and legal or other problems the Company may
encounter in the jurisdictions where the Company operates,
including in Texas, New Mexico, Utah, Nevada and Turkey; (i) the
ability of the Company to enter into and successfully close
acquisitions or other material transactions; (j) the results
of the Company’s lithium brine exploration activities at the
Columbus Basin and Sal Rica Projects, and (k) other factors which
are more fully described in the Company’s Annual Report on Form
10-K, Quarterly Reports on Form 10-Q, and other filings 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.
Competent Person’s
Statement
Technical information in this news release is
based on data reviewed by Matthew Hartmann, who is Director –
Technical Services of Uranium Resources, Inc. Mr. Hartmann is
a “Qualified Person” as defined by Canadian National Instrument
43-101, and a “Competent Person” as defined in the 2012 Edition of
the “Australasian Code for Reporting Exploration Results, Mineral
Resources and Ore Reserves” (JORC Code). He is a Licensed
Professional Geologist, and a Registered Member of the Society of
Mining, Metallurgy & Exploration (No. 4170350RM). Mr.
Hartmann has appropriate experience that is relevant to the
evaluation of the style and nature of mineral deposits relating to
this document. Mr. Hartmann consents to the inclusion in this
release of the matters based on their information in the form and
context in which they appear.
Uranium Resources Contact:
Christopher M. Jones, President and CEO
303.531.0472
info@uraniumresources.com
www.uraniumresources.com
Jeff Vigil, CFO and VP Finance
303.531.0473
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