Uranium Resources, Inc. (NASDAQ:URRE) (URI) announced that it received
notification from the NASDAQ Stock Market ('NASDAQ?) indicating that the
Company has regained compliance with the minimum bid price requirement
of $1.00 per share for continued listing on NASDAQ. As of February 5,
2013, URI had maintained a closing price of $1.00 or more for at least
10 consecutive trading days. A hearing previously requested by URI with
the NASDAQ Hearing Panel to appeal the potential delisting is no longer
needed and subsequently has been cancelled.
The Company is now in full compliance with NASDAQ listing requirements
and will continue to be listed and traded on the NASDAQ.
On January 16, 2013, URI also regained compliance with NASDAQ rules
requiring the Board of Directors to be comprised of a majority of
independent directors and the Audit Committee to be comprised of at
least three independent members.
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. URI has
over 206,600 acres of uranium mineral holdings and 152.9 million pounds
of in-place mineralized uranium material in New Mexico and an NRC
license to produce up to 1 million pounds of uranium per year. URI has
an additional 1.3 million pounds of in-place mineralized uranium
material in Texas and South Dakota. The Company acquired these
properties over the past 20 years along with an extensive information
database of historic drill hole logs, assay certificates, maps and
technical reports.
Uranium Resources routinely posts news and other information about the
Company on its website at
Safe Harbor 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 Company′s
estimated mineralized uranium material 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, the outcome of negotiations with
the Navajo Nation, the Company′s ability to reach agreements with
current royalty holders, weather conditions, operating conditions at the
Company′s mining projects, government and tribal 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, market reaction to a reverse stock
split, determinations of the NASDAQ Hearing Panel 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 news release.
