Uranium Resources (URRE) Narrows Loss for FY11 to 12c/Share; Updates on Ops

Uranium Resources, Inc. (NASDAQ: URRE) reported an operating loss of 12 cents per share for 2011, narrower than a loss of 14 cents per share reported in the same period last year.

Don Ewigleben, President and CEO of URI, commented, “We achieved several objectives during 2011, and we have continued to make excellent strides as we move into 2012. Over the last 14 months:

• We initiated and advanced a full exploration program in South Texas in partnership with Cameco (NYSE: CCJ);
  
  
• We completed our internal technical report and engaged an independent engineering firm for a feasibility study for our Churchrock Section 8 in situ recovery (ISR) project in New Mexico;
  
  
• We recently announced the execution of a definitive agreement to acquire Neutron Energy, Inc.;
  
  
• And, we executed a $10 million financing agreement that helps to address our working capital requirements and the continued advancement of our projects and those held by Neutron.”

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