Uranium Resources to Present at Mines and Money New York Conference
April 27 2017 - 6:26PM
Uranium Resources, Inc. (Nasdaq:URRE) (ASX:URI),
an energy metals exploration and development company, announced
that President and CEO Christopher M. Jones will provide a business
update at the Mines & Money New York conference on Thursday,
May 4, 2017.
Over the past six months URI has focused work on
its Columbus Basin project, including completion of a surface
sediment sampling program, integration and reinterpretation of
several historical geophysical datasets, and acquisition of an
additional 3,040 acres bringing the total project size to over
14,200 acres. This work has laid the foundation for an exploration
drill program planned for July 2017. The presentation by Mr.
Jones will discuss this ongoing exploration success and other
corporate developments that support the company’s growing portfolio
of energy metals exploration and development projects focused on
lithium and uranium.
A PDF of the presentation will be available under
the Investors section of www.uraniumresources.com. Mr. Jones will
also meet with investors during the conference.
Mines and Money is a leading international
investment conference series bringing together investors and
publicly listed natural resource companies. Its first New York
conference is a sold-out event.
About Uranium Resources (URI)
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 in preparation
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 drill hole 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 the anticipated benefits of
geophysical data on the Columbus Basin Project, 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 Contacts
Christopher M. Jones, President and CEO
303.531.0472
Jeff Vigil, VP Finance and CFO
303.531.0473
Email: Info@uraniumresources.com
Website: www.uraniumresources.com
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