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<SEC-DOCUMENT>0001157523-08-002271.txt : 20080317
<SEC-HEADER>0001157523-08-002271.hdr.sgml : 20080317
<ACCEPTANCE-DATETIME>20080317163702
ACCESSION NUMBER:		0001157523-08-002271
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080317
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080317
DATE AS OF CHANGE:		20080317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			URANIUM RESOURCES INC /DE/
		CENTRAL INDEX KEY:			0000839470
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				752212772
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33404
		FILM NUMBER:		08693362

	BUSINESS ADDRESS:	
		STREET 1:		12750 MERIT DRIVE
		STREET 2:		SUITE 720
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251
		BUSINESS PHONE:		9723877777

	MAIL ADDRESS:	
		STREET 1:		12750 MERIT DRIVE
		STREET 2:		SUITE 720
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5635506.htm
<DESCRIPTION>URANIUM RESOURCES, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>______________</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d)</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>of the
      Securities Exchange Act of 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Date of
      Report (Date of earliest event reported):</b></font><font style="font-size: 10pt; font-family: Times New Roman">
      March 17, 2008</font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><u>URANIUM RESOURCES, INC.</u></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">(Exact name
      of registrant as specified in its charter)</font>
    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Delaware</u>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 34%; text-align: center; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>0-17171</u>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 33%; text-align: center; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>75-2212772</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or other </b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>jurisdiction</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>of incorporation)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission File</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Number)</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS Employer</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 50%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            405 State Highway 121 Bypass, Building A, Suite 110
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Lewisville, TX
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 50%; text-align: center; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            75067
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 50%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 50%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    <p style="text-align: center">
      <u>(972) 219-3330</u>
    </p>
    <p style="text-align: center">
      (<font style="font-size: 10pt; font-family: Times New Roman"><b>Registrant&#8217;s
      telephone number, including area code)</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>(Former
      Name or Former Address, if Changed Since Last Report)</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Item 8.01.</b></font>
      &#160;<font style="font-size: 10pt; font-family: Times New Roman"><b>Other
      Events</b></font><font style="font-size: 10pt; font-family: Times New Roman">
      </font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      On March 17, 2008, the Registrant issued a press release relating to
      financial results for the fourth quarter of 2007.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      A copy of the press release is attached hereto as Exhibit 99.1 and is
      incorporated herein by reference.
    </p>
    <p>

    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Item 9.01.</b></font>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Financial
      Statements and Exhibits </b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      Exhibit 99.1 Press Release dated March 17, 2008
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            URANIUM RESOURCES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Date:
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          March 17, 2008
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Thomas H. Ehrlich
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Thomas H. Ehrlich
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>EXHIBIT
      INDEX</b></font>
    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 20%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 75%; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 20%; text-align: left; white-space: nowrap" valign="top">
          99.1
        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 75%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press Release dated March 17, 2008
          </p>
        </td>
      </tr>
    </table>
    <p>

    </p>
  </body>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5635506ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
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  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Uranium
      Resources, Inc. Reports Fourth Quarter and Year End 2007 Results</b></font>
    </p>
    <ul style="text-align: center">
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Revenue
        increased 183% for the quarter and 263% for the year</b></font>
      </li>
    </ul>
    <ul style="text-align: center">
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Annual
        production reached 416,700 pounds U</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><sub>3</sub></font><font style="font-size: 12pt; font-family: Times New Roman">O</font><font style="font-size: 12pt; font-family: Times New Roman"><sub>8
        </sub></font><font style="font-size: 12pt; font-family: Times New Roman">and
        production costs per pound declined to $32.61</font></b>
      </li>
    </ul>
    <ul style="text-align: center">
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>New
        Mexico in-place uranium mineralized material increases 10 million
        pounds to 101.4 million pounds U</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><sub>3</sub></font><font style="font-size: 12pt; font-family: Times New Roman">O</font><font style="font-size: 12pt; font-family: Times New Roman"><sub>8</sub></font></b>
      </li>
    </ul>
    <ul style="text-align: center">
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Two New
        Mexico projects identified that could be in production within three
        years</b></font>
      </li>
    </ul>
    <p style="text-align: center">

    </p>
    <p>
      LEWISVILLE, Texas--(BUSINESS WIRE)--Uranium Resources, Inc. (NASDAQ:
      URRE) (&#8220;URI&#8221;), a uranium exploration, development, mining and production
      company, announced today its financial results for the fourth quarter
      and year ended December 31, 2007.
    </p>
    <p>
      <b>Fourth Quarter Review</b>
    </p>
    <p>
      Revenue for the fourth quarter of 2007 increased 183.2% to $8.2 million
      compared with $2.9 million during last year&#8217;s fourth quarter. During the
      quarter, URI sold 113,000 pounds of uranium, up almost 80% compared with
      63,000 pounds of uranium production in the prior year&#8217;s fourth quarter.
      URI received an average sales price per pound of $72.72 in the last
      quarter of 2007, up $26.70 per pound compared with an average sales
      price per pound of $46.02 in the same period in 2006. Sales were below
      the 127,800 pounds sold at an average price of $81.25 per pound in
      2007&#8217;s trailing third quarter.
    </p>
    <p>
      The average cost of pounds sold in the fourth quarter of 2007 was $38.72
      compared with $26.80 in the trailing third quarter and $46.21 in the
      fourth quarter of 2006. Cost of sales includes operating expense and
      depreciation, depletion and amortization (DD&amp;A), but excludes royalties
      and commissions. Finished uranium inventory was 20,800 pounds at
      December 31, 2007, held at an average cost of $35.91 per pound.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The net loss for the fourth quarter of 2007 was $0.84 million, or $0.02
      per diluted share, compared with net loss of $2.5 million, or $0.05 per
      diluted share, in the same period last year and net income of $2.2
      million, or $0.04 per diluted share, in the trailing third quarter 2007.
      The improvement in net loss compared with the prior year fourth quarter
      was attributed to the increase in pounds of U<sub>3</sub>O<sub>8 </sub>sold
      at a higher selling price per pound. Sequentially, lower levels of
      production resulted in the decline in earnings.
    </p>
    <p>
      Dave Clark, president and CEO of URI, commented, &#8220;Although our
      operations continue to generate cash, the Company showed a loss for the
      quarter due to costs we are incurring as we develop our extensive New
      Mexico assets. These costs include all related activities to complete
      the planned acquisition of Rio Algom LLC, the startup of an Albuquerque
      office to support our development plans and a significant increase in
      our efforts in government and public relations all of which are designed
      to help advance our properties toward production in New Mexico.&#8221;
    </p>
    <p>
      <b>Fourth Quarter Production</b>
    </p>
    <p>
      URI produced 68,000 pounds of uranium during the fourth quarter of 2007,
      a 5.6% decline from 72,000 pounds produced during the prior year&#8217;s
      fourth quarter and a 34.5% sequential decline from 103,800 pounds
      produced during the third quarter of 2007. The production decline from
      the trailing quarter was due to diminishing production at the Company&#8217;s
      South Texas wellfields as they near the end of their natural production
      cycle and the delay of new wellfields coming on line due primarily to
      weather. Production costs for the quarter were $45.72 per pound compared
      with $46.07 per pound in the same quarter of 2006. Production costs
      include operating expenses and DD&amp;A.
    </p>
    <p>
      Production for the fourth quarter of 2007 was comprised of 8,300 pounds
      from Vasquez and 59,700 pounds from Kingsville Dome. Production in the
      fourth quarter of 2006 included 48,000 pounds from Vasquez and 24,000
      pounds from Kingsville Dome.
    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <b>Production &amp; Sales Summary</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <b>Q4 2007</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <b>Q3 2007</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <b>Q2 2007</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <b>Q1 2007</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; white-space: nowrap" valign="top">
          <b>Q4 2006</b>
        </td>
      </tr>
      <tr>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          Pounds U<sub>3</sub>O<sub>8 </sub>produced
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          68,000
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          103,800
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          135,900
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          109,000
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          72,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          Production cost per pound
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $45.72
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 28.41
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 27.78
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 34.44
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 46.07
        </td>
      </tr>
      <tr>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          Pounds U<sub>3</sub>O<sub>8</sub> sold
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          113,000
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          127,800
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          114,400
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          79,700
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          63,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          Direct cost of sales per pound
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $38.72
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 26.80
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 29.44
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 41.09
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 46.21
        </td>
      </tr>
      <tr>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          Average selling price per pound
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $72.72
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 81.25
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 69.63
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 57.41
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $ 46.02
        </td>
      </tr>
    </table>
    <p>
      Mr. Clark commented, &#8220;Our fourth quarter production fell within the
      range we offered for guidance last November, but there is no getting
      around the volume sensitivity of our business and its impact to
      earnings. When production falls, costs per pound increase. We expect to
      see similar results for the first quarter of this year as well, but
      expect production to increase significantly in the second quarter as a
      result of new wellfields coming online at Kingsville Dome, Vasquez and
      Rosita.&#8221;
    </p>
    <p>
      <b>Texas Operations Update</b>
    </p>
    <p>
      The drillout program on our Kingsville Dome and Rosita properties that
      began during the fourth quarter of 2006 identified sufficient reserves
      for 2007 production and to continue production at a rate of 400,000 to
      450,000 pounds per year in 2008-09. The Company believes it has
      sufficient uranium mineralized material on its properties to continue at
      this rate through 2009. URI expects production in the first quarter of
      2008 to be in the 60,000 to 70,000 pound range with production
      significantly increasing in the second quarter as a result of new
      wellfields being brought online at Kingsville Dome and Vasquez and the
      restart of Rosita in the second quarter.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      During 2007, the Company acquired two exploration properties totaling
      7,300 acres and expects to complete exploration drilling on these
      properties in 2008. In addition, URI is in the process of acquiring
      additional properties several of which have known in-place uranium
      mineralized material. The Company believes that with these additional
      properties and further development of its existing projects, it will be
      able to extend its expected production rate of 400,000 to 450,000 pound
      of uranium through 2011.
    </p>
    <p>
      <b>New Mexico Operations Update</b>
    </p>
    <p>
      In March 2008, we increased our in-place uranium mineralized material
      from 91.7 million pounds to 101.4 million pounds as a result adjustments
      to Roca Honda, West Largo, Mancos and Ambrosia Lake. The increase was
      confirmed by Behre Dolbear, an independent engineering firm.
    </p>
    <p>
      During 2007, URI completed the digitizing of approximately 16,300
      drilling logs in order to secure the data and allow for easier analysis
      of drill hole information. These logs total nearly 23 million feet of
      hole drilled in the 1970s and 1980s with an estimated drilling and
      logging replacement cost of $700 million
    </p>
    <p>
      Results from the Company&#8217;s evaluation of its properties in the Ambrosia
      Lake District have been encouraging.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        URI believes it can begin producing within approximately 3 years using
        old stope leaching (OSL) in the Ambrosia Lake District. The OSL
        process involves recovering uranium from water that is circulated
        through old underground mine workings. The method was used by mining
        companies in the Ambrosia district until 1999 when uranium prices fell
        below $10/lb. We are beginning the process to obtain the necessary
        state and federal permits as we evaluate the viability of this
        production method.
      </li>
      <li style="margin-bottom: 10.0px">
        We have also identified approximately 2.4 million pounds of in-place
        mineralized material on several sections we hold in the Ambrosia Lake
        District that could be amendable&#160;to ISR mining. A drill program is
        planned for the 2nd quarter of 2008 to evaluate these properties. If
        successful, this size resource could support an ISR pilot operation of
        up to 500,000 pounds per year for a period of two to three years. The
        licensing and permitting process to build and operate an ISR mine will
        begin in early 2008 and is expected to take 18 to 24 months.
      </li>
    </ul>
    <p>
      Oral arguments have been scheduled for May 22, 2008 on the Company&#8217;s
      appeal to the United States Court of Appeals for the Tenth Circuit
      regarding the United States Environmental Protection Agency (USEPA)
      determination that Section 8 of URI&#8217;s Churchrock property in New Mexico
      is Indian country, and therefore, under its jurisdiction to administer
      the UIC program permit required for ISR mining.
    </p>
    <p>
      <b>2007 Financial and Operational Review</b>
    </p>
    <p>
      During 2007, URI produced 416,700 pounds<sub> </sub>of uranium compared
      with 259,100 pounds produced in 2006. In 2007, production from the
      Vasquez project amounted to 78,600 pounds and production from the
      Kingsville Dome project was 338,100 pounds. In 2006, the Vasquez project
      produced 165,000 pounds, while 94,100 pounds came from the Company&#8217;s
      Kingsville Dome project, which commenced production in the second
      quarter. Production has been trending downward at Vasquez for several
      years as the wellfield approaches the end of its natural life.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      URI sold 434,900 pounds in 2007 compared with sales of 263,000 pounds in
      2006. For the year, URI had revenue of $31.1 million, or $71.61 per
      pound, compared with $8.6 million, or $32.63 per pound, the prior year.
      The increase in revenue per pound in 2007 reflected the positive effect
      of new market -based contracts entered into with the Company&#8217;s two
      customers in March 2006.
    </p>
    <p>
      Annual production costs for 2007 and 2006 were $32.61 and $47.46 per
      pound, respectively. Our average cost of sales for pounds sold was
      $33.21 per pound for 2007 compared with $43.36 per pound for 2006. The
      cost of pounds sold includes operating expenses, depreciation, and
      depletion and for 2006, included cumulative lower of cost or market
      inventory adjustments of $1.6 million. Strong wellfields with high
      recovery rates provided operating leverage in 2007 lowering the costs
      per pound. Operating margin before corporate expense for 2007 was 38.8%
      compared with a negative margin in 2006 when the gain on the sale of
      derivatives is excluded.
    </p>
    <p>
      Corporate expenses increased 73.3% to $11.8 million in 2007 compared
      with $6.8 million in 2006. The increase was primarily due to higher
      stock compensation expenses related to new stock option grants made
      during the year<i>; </i>increased payroll costs for additional personnel
      in Texas and New Mexico; higher insurance premiums related to increased
      production; higher professional service fees for Sarbanes Oxley
      compliance, the Company&#8217;s transfer to the NASDAQ stock exchange; the
      addition of two independent directors; increased consulting and
      professional service costs associated with the ongoing evaluation of the
      New Mexico databases and the Company&#8217;s expanded public, government and
      investor relations efforts.
    </p>
    <p>
      For the twelve months ended December 31, 2007 and 2006, net earnings
      were $1.1 million and $21.5 million, respectively. There was a $0.65
      million non-cash impairment provision for the Vasquez project in 2007.
      Included in 2006 results was a non-cash gain on derivatives of $34.8
      million which was somewhat offset by a non-cash impairment provision for
      the Vasquez project of $3.3 million. On a diluted per share basis,
      earnings were $0.02 and $0.42 for 2007 and 2006, respectively.
    </p>
    <p>
      Net cash provided by operations in 2007 was $11.3 million compared with
      cash used by operations of $2.2 million in 2006.
    </p>
    <p>
      Capital spending in 2007 was $19.3 million compared with $18.7 million
      in 2006. Approximately $18.6 million of capital was invested in the
      South Texas region during the year.
    </p>
    <p>
      Cash at December 31, 2007 was $9.3 million and $5.5 million at February
      29, 2008. Cash on hand was impacted by the delay in bringing on new
      production.
    </p>
    <p>
      <b>Expanding Opportunities</b>
    </p>
    <p>
      URI had announced on October 12, 2007, that it had entered into a
      definitive agreement with BHP Billiton to acquire 100% of the ownership
      of Rio Algom Mining LLC (&quot;Rio Algom&quot;). Under the agreement, URI will pay
      BHP Billiton $110 million in cash and assume certain retirement benefits
      and reclamation liabilities of which up to $35 million will be
      pre-funded at closing. URI will also pay BHP Billiton $16.5 million
      contingent upon the receipt of a license from the Nuclear Regulatory
      Commission (NRC) to construct and operate a conventional uranium mill.
      The transaction is expected to close on or before June 1, 2008 and has
      several concurrent activities required for closing:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        We continue to evaluate the most effective method of financing the
        acquisition and the subsequent costs of building the mill.
      </li>
    </ul>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        We are discussing business arrangements with several companies that
        have uranium interests in New Mexico that range from toll milling
        agreements to equity participation in mining and milling projects.
      </li>
      <li style="margin-bottom: 10.0px">
        We are working with all regulatory agencies to gain the approvals
        needed to close this transaction by June 1, 2008. While we expect to
        gain these approvals, it is possible the process could result in a
        delay in the closing date.
      </li>
    </ul>
    <p>
      Mr. Clark concluded, &#8220;I am very encouraged by the progress we are making
      as a company to achieve our strategic goal of achieving 10 million
      pounds per year of production by 2014. There are now opportunities to
      increase and extend our Texas production, and we plan to take advantage
      of them. And, we now believe we have the means to lead New Mexico back
      into production within the next several years with old stope leaching
      and a pilot ISR operation in the Ambrosia Lake District. This will be
      followed by the return of conventional mining to the state, which we
      expect to initiate as a result of our acquisition of Rio Algom.&#8221;
    </p>
    <p>
      <b>Teleconference and Webcast</b>
    </p>
    <p>
      The Company is hosting a teleconference and webcast at 1:30 p.m. EDT on
      Monday, March 17, 2008. During the teleconference, Dave Clark, President
      and Chief Executive Officer, will review the financial and operating
      results for the fourth quarter and year and discuss URI&#8217;s corporate
      strategy and outlook. A question-and-answer session will follow. The URI
      conference call can be accessed by calling (201) 689-8562 approximately
      20 minutes prior to the call. Alternatively, it can be listened to at
      the Company&#8217;s website at http://www.uraniumresources.com. Participants
      should go to the website 10 - 15 minutes prior to the scheduled
      conference in order to register and download any necessary audio
      software.
    </p>
    <p>
      An archive of the teleconference can also be heard by calling (201)
      612-7415 and entering account number 3055 along with reference number
      244948. The telephonic replay will be available from 4:30 p.m. EDT the
      day of the teleconference until 11:59 p.m. Monday, March 24, 2008. The
      archived webcast will be at http://www.uraniumresources.com. A
      transcript of the call will also be posted, once available.
    </p>
    <p>
      <b>ABOUT URANIUM RESOURCES, INC.</b>
    </p>
    <p>
      Uranium Resources Inc. explores for, develops and mines uranium. Since
      its incorporation in 1977, URI has produced over 7 million pounds of
      uranium by in-situ recovery (ISR) methods in the state of Texas where
      the Company currently has ISR mining projects. URI also has 183,000
      acres of uranium mineral holdings and 100 million pounds of uranium in
      New Mexico. The Company acquired these properties over the past 20 years
      along with an extensive information database. URI&#8217;s strategy is to
      capitalize on the strong global market for uranium by fully exploiting
      its resource base in Texas and New Mexico, acquiring new assets and
      through joint ventures or partnerships.
    </p>
    <p>
      <b>Safe Harbor Statement</b>
    </p>
    <p>
      This press 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 &#8220;expects,&#8221; &#8220;estimates,&#8221;
      &#8220;projects,&#8221; &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;could,&#8221; 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&#8217;s
      mineralized uranium materials, timing of receipt of mining permits,
      production capacity of mining operations planned for properties in South
      Texas and New Mexico, planned dates for commencement of production at
      such properties, revenue, cash generation and profits 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 of uranium, weather conditions, operating
      conditions at the Company&#8217;s mining projects, government regulation of
      the mining industry and the nuclear power industry, the world-wide
      supply and demand of uranium, availability of capital, timely receipt of
      mining and other permits from regulatory agents, the success of the
      acquisition of Rio Algom and other factors which are more fully
      described in the Company&#8217;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&#8217;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&#8217;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
      press release.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>URANIUM RESOURCES, INC.</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>CONSOLIDATED BALANCE SHEETS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" valign="bottom" colspan="5">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2007</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2006</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Current assets:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Cash and cash equivalents
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          9,284,270
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          20,176,771
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Receivables, net
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,652,574
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          713,529
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Uranium inventory
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          748,452
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,603,585
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Prepaid and other current assets
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          720,357
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          410,000
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total current assets
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          13,405,653
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          22,903,885
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Property, plant and equipment, at cost:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Uranium properties
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          85,525,808
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          67,153,797
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Other property, plant and equipment
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          821,811
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          465,613
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Less&#8212;accumulated depreciation, depletion and impairment
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (55,736,530
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (49,423,848
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Net property, plant and equipment
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          30,611,089
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          18,195,562
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other assets
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,837,064
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,369,434
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Long-term investment:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Certificate of deposit, restricted
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          6,083,076
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,467,491
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          52,936,882
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          45,936,372
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Current liabilities:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Accounts and short term notes payable
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,157,475
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,994,184
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Current portion of restoration reserve
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,124,504
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,520,192
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Royalties and commissions payable
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,131,636
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          328,566
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Accrued interest and other accrued liabilities
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          709,400
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          488,311
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Current portion of capital leases
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          210,616
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          201,804
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,333,631
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          4,533,057
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other long-term liabilities and deferred credits
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          4,097,327
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,998,229
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Long-term capital leases, less current portion
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          178,665
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          185,691
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other long-term debt
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          450,000
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          450,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Shareholders&#8217; equity:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Common stock, $.001 par value, shares authorized: 200,000,000;
          shares issued and outstanding (net of treasury shares):
          2007&#8212;52,305,129; 2006&#8212;51,791,339
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          52,343
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          51,829
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Paid-in capital
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          131,282,687
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          126,252,871
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Accumulated deficit
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (88,448,353
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (89,525,887
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Less: Treasury stock (38,125 shares), at cost
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (9,418
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (9,418
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total shareholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          42,877,259
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          36,769,396
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          52,936,882
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          45,936,372
        </td>
        <td>

        </td>
      </tr>
    </table>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>URANIUM RESOURCES, INC.</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>CONSOLIDATED STATEMENTS OF OPERATIONS</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>(Unaudited)</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="7">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" valign="bottom" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" valign="bottom" colspan="5">
          <b>December 31,</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2007</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2006</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="text-align: center" valign="bottom" colspan="2">
          <i><b>(Unaudited)</b></i>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <i><b>(Unaudited)</b></i>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenue:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Uranium sales
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          8,218,405
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          2,901,834
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Total revenue
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          8,218,405
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,901,834
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Costs and expenses:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Cost of uranium sales:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Royalties and commissions
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          316,225
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          276,939
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Operating expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,851,084
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          900,911
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Accretion/amortization of restoration reserve
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          140,261
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          156,477
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Depreciation and depletion
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,524,959
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,013,048
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          (Gain) loss on derivatives
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Writedown of uranium properties
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          651,407
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Exploration expenses
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          347,221
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total (gain on) cost of uranium sales
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,831,157
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,347,375
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Earnings (loss) from operations before corporate expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,387,248
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (445,541
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Corporate expenses:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          General and administrative
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,403,474
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,541,436
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Depreciation
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          28,230
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          12,534
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total corporate expenses
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,431,704
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,553,970
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Loss from operations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,044,456
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (2,999,511
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other income (expense):
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (6,176
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (10,501
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Interest and other income, net
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          210,684
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          466,742
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Net loss
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          (839,948
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 4.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          (2,543,270
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 4.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net loss per common share:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Basic
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          (0.02
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 4.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          (0.05
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 4.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Diluted
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          (0.02
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 4.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          (0.05
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 4.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
    </table>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>URANIUM RESOURCES,&#160;INC.<br>CONSOLIDATED STATEMENTS OF
            OPERATIONS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="7">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" valign="bottom" colspan="5">
          <b>Twelve Months Ended</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" valign="bottom" colspan="5">
          <b>December 31,</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2007</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2006</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenue:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Uranium sales
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          31,142,689
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom">
          8,580,799
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Total revenue
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          31,142,689
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          8,580,799
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Costs and expenses:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Cost of uranium sales:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Royalties and commissions
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,033,811
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          767,788
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Operating expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          8,192,378
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,574,926
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Accretion/amortization of restoration reserve
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          573,581
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          516,956
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Depreciation and depletion
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          6,251,359
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,827,464
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          (Gain) loss on derivatives
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (34,820,947
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Writedown of uranium properties
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          651,407
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,260,201
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Exploration expenses
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          347,221
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          234,646
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total (gain on) cost of uranium sales
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          19,049,757
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (18,638,966
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Earnings from operations before corporate expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          12,092,932
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          27,219,765
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Corporate expenses:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          General and administrative
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          11,670,138
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          6,755,532
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Depreciation
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          97,920
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          35,542
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Total corporate expenses
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          11,768,058
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          6,791,074
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Earnings from operations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          324,874
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          20,428,691
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other income (expense):
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (24,914
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (16,204
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Interest and other income, net
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          777,574
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,097,236
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Net income
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          1,077,534
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          21,509,723
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income per common share:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Basic
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          0.02
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          0.44
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Diluted
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          0.02
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          0.42
        </td>
        <td>

        </td>
      </tr>
    </table>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>URANIUM RESOURCES, INC.</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>CONSOLIDATED STATEMENTS OF CASH FLOWS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom" colspan="7">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2007</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>2006</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Cash flows from operations:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Net income (loss)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,077,534
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          21,509,723
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Reconciliation of net income (loss) to

          <p style="margin-top: 0px; margin-bottom: 0px">
            cash used in operations&#8212;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          (Gain) loss on derivatives
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (34,820,947
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Accretion/amortization of restoration reserve
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          573,581
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          516,956
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Depreciation and depletion
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          6,349,278
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,863,006
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Writedown of uranium properties and

          <p style="margin-top: 0px; margin-bottom: 0px">
            exploration expenses
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          998,628
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,260,201
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Decrease in restoration and reclamation accrual
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,296,047
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (886,987
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Stock compensation expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          4,047,326
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2,422,281
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Other non-cash items, net
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,097
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          16,130
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Effect of changes in operating working capital items&#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          (Increase) decrease in receivables
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,939,045
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (680,589
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          (Increase) decrease in inventories
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          682,635
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (705,132
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          (Increase) decrease in prepaid and other current assets
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (349,276
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          51,008
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Increase in payables and accrued liabilities
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,148,075
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,239,373
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net cash provided by (used in) operations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          11,293,786
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (2,214,977
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Investing activities:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Increase in certificate of deposit, restricted
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (3,615,585
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,179,080
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Derivative settlement
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (12,000,000
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Additions to property, plant and equipment&#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Kingsville Dome
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (8,042,794
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (10,414,835
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Rosita
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (4,994,532
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (2,767,801
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Vasquez
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,254,561
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (3,405,581
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Rosita South
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,392,918
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (502,646
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Churchrock
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (503,826
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (304,632
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Crownpoint
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (164,300
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (91,392
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Other property
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (2,951,622
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (819,901
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Other assets/notes receivable
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          11,706
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (420,034
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net cash used in investing activities
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (22,908,432
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (31,905,902
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Financing activities:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom" colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Proceeds from (payments of) borrowings
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (260,859
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (199,971
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Issuance of common stock, net
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          983,004
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          48,644,905
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Net cash provided by financing activities
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          722,145
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          48,444,934
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net increase (decrease) in cash and cash equivalents
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (10,892,501
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          14,324,055
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          Cash and cash equivalents, beginning of year
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          20,176,771
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,852,716
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="top">
          Cash and cash equivalents, end of year
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          9,284,270
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; white-space: nowrap" valign="bottom">
          20,176,771
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: right" valign="bottom">

        </td>
      </tr>
    </table>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Investor:</b><br>Kei Advisors LLC<br>Deborah K.
      Pawlowski/James M. Culligan<br>716-843-3908/716-843-3874<br>dpawlowski@keiadvisors.com/jculligan@keiadvisors.com<br>or<br><b>Company
      Media:</b><br>April Wade, 505-440-9441<br>Director of Communications and
      Government Relations<br>awade@uraniumresources.com<br>or<br><b>Company:</b><br>David
      N. Clark, 361-883-3990<br>President and CEO<br>
    </p>
    <p>

    </p>
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</DOCUMENT>
</SEC-DOCUMENT>
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