Uranium Resources to Present Update on its Energy Metals Business at ROTH Investment Conference in California
March 09 2017 - 8:30AM
Uranium Resources, Inc. (Nasdaq:URRE) (ASX:URI),
an energy metals exploration and development company, announced
that President and Chief Executive Officer Christopher M. Jones
will be presenting at the 29th Annual ROTH Conference in Dana
Point, California at 10:30 a.m. Pacific Time on Wednesday,
March 15, 2017. The ROTH Conference is organized by ROTH Capital
Partners and is one of the largest investment conferences in the
United States.
In his presentation, Mr. Jones will describe the
Company’s expansion into lithium exploration and development, and
provide an update on its overall business improvement efforts and
successes.
The presentation will be webcast live on the
Company’s website under Investors/Presentations. In addition to the
presentation at the conference, Mr. Jones will be meeting with
investors and analysts.
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 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 the future financing of the Company, the
Company’s expected burn rate, expected prices of uranium and
lithium and developments at the Company’s projects, including
future exploration costs and results, 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
results of the Company’s lithium brine exploration activities at
the Columbus Basin and Sal Rica Projects and potential mineral
resource estimate within the projected timeframe, and (j) 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.
Uranium Resources Contact:
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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