Uranium Resources, Inc. (Nasdaq: URRE; URI) and
Anatolia Energy Limited (ASX: AEK) jointly announce
that URI’s 24% shareholder Resource Capital Fund V L.P. (RCF) has
committed to vote in support of the combination of URI and Anatolia
(Merger). RCF is satisfied with its final due diligence related to
the Merger and is evaluating project financing options for
Anatolia’s Temrezli Project.
Christopher M. Jones, President and Chief Executive Officer of
URI, commented, “We appreciate the support from RCF to create a
stronger, expanded URI. Our work with RCF’s technical experts has
served to reinforce our confidence in the Temrezli Project as one
of the premier undeveloped high-margin uranium properties in the
world. We are pleased to be nearing the shareholder meeting to
effect this transformational Merger.”
Paul Cronin, Managing Director and Chief Executive Officer of
Anatolia, said, “The satisfaction of the RCF Matters is a
significant milestone in the implementation of the merger between
URI and Anatolia. We look forward to the continued support of a
premier resource financing partner in RCF.”
On August 21, 2015, RCF confirmed to URI that the firm is either
satisfied or will waive any remaining due diligence items and
conditions described in Schedule 7 of the Merger’s Scheme
Implementation Agreement. RCF is URI’s largest shareholder and is
one of the world’s largest mining-focused private equity firms with
offices in Denver, Perth, Toronto, New York and Santiago.
In addition, URI’s annual meeting of its stockholders to vote
on, among other items, the issuance of URI securities to effect the
Merger is scheduled for 9 a.m. on September 23, 2015 (Denver time).
URI’s Proxy Statement has been filed and mailed or otherwise
distributed to URI shareholders.
URI has retained Regan & Associates, New York, as the proxy
solicitor for this stockholders’ meeting.
URI Presentations in Chicago and New York
Mr. Jones made presentations to brokers in Chicago and New York
on Monday August 24, 2015, and Tuesday August 25 arranged by
Renmark Financial. There will also be institutional meetings in
Toronto on August 27 arranged by Cantor Fitzgerald. The
presentation PDF is available on URI’s website.
About Uranium Resources
Uranium Resources, Inc. was incorporated in 1977 to explore,
develop and recover uranium. Uranium Resources has two licensed and
currently idled processing facilities and approximately 17,000
acres of prospective in situ recovery (ISR) projects in Texas. In
New Mexico, the Company holds a federal Nuclear Regulatory
Commission license to recover up to three million pounds of uranium
per year using the ISR process at certain properties and controls
minerals rights encompassing approximately 190,000 acres in the
prolific Grants Mineral Belt in New Mexico, which holds one of the
largest known concentrations of sandstone-hosted uranium deposits
in the world. The Company acquired these properties along with an
extensive uranium information database of historic drill hole logs,
assay certificates, maps and technical reports for the Western
United States.
About Anatolia Energy
Anatolia Energy Ltd is a uranium exploration and development
company holding an extensive portfolio of licences within the
Republic of Turkey, and is well placed to become a key explorer and
miner in Turkey’s emerging uranium sector. Anatolia Energy has a
100% interest in 9 licences covering over 18,000ha of ground,
including several advanced exploration and development
opportunities, in the central Anatolian region of Turkey.
Anatolia has completed Pre-Feasibility Study (PFS) for the
development of its Temrezli ISR Project, which is premised on the
construction of a central processing plant (CPP) at the Temrezli
site, and will process uranium bearing solutions from the Temrezli
well field, with potential to process uranium-loaded resin
transported from any satellite uranium deposits developed in the
future from Anatolia’s other projects in the region.
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 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 consummation and benefits of the Merger
and the timing or occurrence of production at the Company’s
properties, 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; (c) the failure to obtain
shareholder approval or court or regulatory approval for the
Merger, (d) the Company's ability to reach agreements with current
royalty holders; (e) operating conditions at the Company's
projects; (f) government and tribal regulation of the uranium
industry and the nuclear power industry; (g) world-wide uranium
supply and demand; (h) maintaining sufficient financial assurance
in the form of sufficiently collateralized surety instruments; (i)
unanticipated geological, processing, regulatory and legal or other
problems the Company may encounter, including in Turkey; (j) the
ability of the Company to enter into and successfully close
acquisitions or other material transactions, and 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.
Additional Information About the Merger and Where to Find
It
This release is being provided in respect of the proposed
acquisition of Anatolia Resources Limited (“Anatolia”) by URI and
related matters. In connection with the proposed transaction, URI
has filed with the Securities and Exchange Commission (“SEC”) a
proxy statement and has mailed or otherwise disseminated the proxy
statement and a form of proxy to its stockholders. STOCKHOLDERS AND
INVESTORS ARE ENCOURAGED TO READ THE PROXY STATEMENT (AND OTHER
RELEVANT MATERIALS) REGARDING THE PROPOSED TRANSACTION CAREFULLY
AND IN ITS ENTIRETY, AND BEFORE MAKING ANY VOTING DECISION, AS IT
CONTAINS IMPORTANT INFORMATION ABOUT THE TRANSACTION. Stockholders
and investors may obtain a free copy of the proxy statement, as
well as other filings made by URI regarding URI, Anatolia and the
proposed transaction, without charge, at the SEC’s website at
www.sec.gov. In addition, documents filed with the SEC by URI are
available free of charge on the investor section of URI’s website
at www.uraniumresources.com.
URI and certain of its directors and executive officers may be
deemed, under SEC rules, to be participants in the solicitation of
proxies from URI’s stockholders in connection with the proposed
transaction. The names of URI’s directors and executive officers
and a description of their interests in URI are set forth in URI’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2014, which was filed with the SEC on March 19, 2015, and Amendment
No. 1 thereto, which was filed with the SEC on April 30, 2015.
Additional information about the interests of potential
participants is also contained in the proxy statement and other
relevant materials filed with the SEC in connection with the
proposed transaction. These documents may be obtained from the SEC
website and from URI in the manner noted above.
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version on businesswire.com: http://www.businesswire.com/news/home/20150826005386/en/
Uranium Resources, Inc.Christopher JonesPresident and
CEO303-531-0470orMediaWendy Yang,
303-531-0478www.uraniumresources.comorAnatolia Energy
LimitedPaul CroninManaging Director+44 7912 351031 (UK)+61 428
638 291 (AUST)www.anatoliaenergy.com.auorMediaCannings
PurpleAndrew Rowell / Warrick Hazeldine+61 400 466 226 / +61
417 944 616
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