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<SEC-DOCUMENT>0001157523-08-005214.txt : 20080627
<SEC-HEADER>0001157523-08-005214.hdr.sgml : 20080627
<ACCEPTANCE-DATETIME>20080627125212
ACCESSION NUMBER:		0001157523-08-005214
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080626
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080627
DATE AS OF CHANGE:		20080627

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:		08921720

	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>a5718979.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-->
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  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Securities
      Exchange Act of 1934</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Date of
      Report (Date of earliest event reported):</b></font><font style="font-size: 12pt; font-family: Times New Roman">
      June 26, 2008</font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><br><br>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt">URANIUM RESOURCES, INC.</font></u><br><font style="font-size: 12pt; font-family: Times New Roman"><b>(Exact
      name of registrant as specified in its charter)</b></font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Delaware</u>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>0-17171</u>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>75-2212772</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or other </b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>jurisdiction of</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>incorporation)</b>
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission File</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Number)</b>
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            405 State Highway 121 Bypass, Building A, Suite 110
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Lewisville, TX
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            75067
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of principal executive offices)</b></font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>Zip
            Code</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <u>(972) 219-3330</u><br>(<font style="font-family: Times New Roman; font-size: 10pt"><b>Registrant&#8217;s
      telephone number, including area code)</b></font>
    </p>
    <p style="text-align: center">
      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>(Former
      name or former address, if changed since last report)</b></font>
    </p>
    <p>

    </p>
    <p>
      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 (see General Instruction A.2. below):
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 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>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Item
      1.02&#160;&#160;&#160;&#160;&#160;Termination of a Material Definitive Agreement</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      On June 25, 2008 HRI-RAML Acquisition LLC, a Delaware limited liability
      company (the &quot;Buyer&quot;) and an indirect wholly-owned subsidiary of Uranium
      Resources, Inc. (the &quot;Company&quot;),&#160;and&#160;&#160;Billiton Investment 15 B.V., a
      Netherlands corporation (the &quot;Seller&quot;) and owner of all the outstanding
      membership interests in Rio Algom Mining LLC, a Delaware limited
      liability company (&quot;RAML&quot;) agreed to terminate the Membership Interest
      Purchase Agreement (the &quot;Agreement&quot;) entered into on October 12, 2007
      pursuant to which the&#160;Buyer&#160;was to acquire all of the outstanding
      membership interests in RAML (the &quot;Transaction&quot;).&#160;&#160;&#160; The Agreement was
      terminated because the Company, due to market conditions, was unable to
      secure the financing necessary to complete the Transaction.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; text-indent: 30.0px">
      Under the terms of the Agreement,&#160;Buyer&#160;was to pay&#160;Seller $110,000,000
      cash at closing, subject to certain closing adjustments,&#160;and&#160;had
      agreed&#160;to create a trust to fund certain existing environmental
      remediation obligations, and an escrow to fund certain existing pension
      and other health care obligations of RAML. The total amount of the trust
      and escrow&#160;was not&#160;to exceed $35,000,000.&#160;Buyer's obligation to
      consummate the Transaction&#160;was subject to the condition that the
      Company&#160;raise capital sufficient to pay the purchase price, fund the
      remediation trust and escrow and provide adequate working capital for
      operations.&#160; No termination penalties apply.
    </p>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Item
      8.01.&#160;&#160;&#160;&#160;&#160;Other Events</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      On June 26, 2008, the Registrant issued a press release announcing the
      termination of agreement to purchase Rio Algom Mining LLC and providing
      a production update on the Registrant&#8217;s Rosita wellfield.
    </p>
    <p style="text-indent: 60.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      A copy of the press release is attached hereto as Exhibit 99.1 and is
      incorporated herein by reference.
    </p>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Item
      9.01.&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; text-indent: 30.0px">
      Exhibit 99.1 Press Release dated June 26, 2008
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; text-indent: 30.0px">

    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 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>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURES</font>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">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 thereunto duly authorized.</font>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            URANIUM RESOURCES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

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

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 15%">

        </td>
        <td style="width: 30%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 5%">
          &#160;
        </td>
        <td style="width: 45%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 5%">
          Date:
        </td>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 15%">
          June 27, 2008
        </td>
        <td style="width: 30%">

        </td>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 5%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 45%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Thomas H. Ehrlich
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

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

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Thomas H. Ehrlich
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

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

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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

    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Exhibit
      Index</b></font><br>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 15%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 83%">
          <u>Description</u>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 15%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit 99.1
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 83%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated June 26, 2008
          </p>
        </td>
      </tr>
    </table>
    </div>
  </body>
</html>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5718979ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <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. Announces Termination of Agreement to Purchase Rio Algom
      Mining LLC</b></font>
    </p>
    <ul style="text-align: center">
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Provides
        Update on Rosita Wellfield in Texas</b></font></i>
      </li>
    </ul>
    <p>
      ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Uranium Resources, Inc. (NASDAQ:
      URRE) (URI), a uranium exploration, development and production company,
      today announced that it has decided along with Billiton Investment 15
      B.V. to terminate URI's agreement to purchase Rio Algom Mining LLC,
      which was entered into on October 12, 2007. URI had incurred and
      capitalized $1.2 million in costs associated with the transaction. These
      costs will be expensed in the second quarter ending June 30, 2008.
    </p>
    <p>
      Mr. David N. Clark, President and CEO of URI, commented, &#8220;We believe
      this is the best decision for the Company and our shareholders given
      current market conditions that have prevented us from securing the $180
      million needed to finance the acquisition. Although the Rio Algom mill
      site would have reduced the time to bring conventional mining back to
      New Mexico, there are viable alternatives for URI and the other New
      Mexico uranium companies to pursue. We remain open to all such
      alternatives. For now, we will concentrate our efforts on rebuilding our
      low cost production potential in Texas while continuing to develop our
      resources in New Mexico where we have over 101 million pounds of
      in-place uranium mineralized material.&quot;
    </p>
    <p>
      Mr. Clark continued, &#8220;With regard to our New Mexico assets, we have been
      working closely with state regulators and expect to receive permits in
      the fall to drill up to 10 exploratory&#160;core holes on our Ambrosia Lake
      property to determine its feasibility for in situ recovery (ISR) mining.
      If ISR proves viable, Ambrosia Lake will be an excellent New Mexico ISR
      project, providing new jobs and contributing to the economic growth of
      the region, utilizing a proven environmentally-safe technology. In the
      meantime, we will continue our community outreach and education programs
      to overcome misperceptions about the industry, and URI will use every
      opportunity to display our commitment to being a responsible corporate
      and community partner in New Mexico.&#8221;
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 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>
      <b>Rosita Update</b>
    </p>
    <p>
      At URI's Rosita project in South Texas, we have begun the production
      process by injecting oxygen into the formation. The wellfield originally
      suffered from low flow rates. While investigating the potential causes,
      we discovered several wells had poor completions. The screens from these
      wells were removed and the holes were underreamed before the screens
      were reset. This process led to a significant increase in the flow rate.
      As previously stated, the wellfield will need to operate for two to
      three weeks at full operation before URI can make a determination of its
      capabilities.
    </p>
    <p>
      As of June 24, 2008, the Company had produced approximately 187,600
      pounds of uranium of which 104,200 pounds had been produced in the
      second quarter. This was slightly better than URI's previous estimate
      for the second quarter due to improved production at its Kingsville Dome
      operation.
    </p>
    <p>
      The Company also noted that it has recently moved exploratory drill rigs
      onto its South Rosita property and is conducting exploratory drilling on
      the portion of the South Rosita property that was acquired earlier this
      year.
    </p>
    <p>
      <b>TELECONFERENCE</b>
    </p>
    <p>
      URI will host a teleconference at 11:00 a.m. ET on Thursday, June 26,
      2008, to discuss the contents outlined in this release. On the call will
      be Dave Clark, President and CEO, Richard Van Horn, Executive Vice
      President and Chief Operating Officer, and Thomas Ehrlich, Chief
      Financial Officer.
    </p>
    <p>
      <b>The teleconference can be accessed </b>in the following ways:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        The live webcast can be found at <u>http://www.uraniumresources.com</u>.
        Participants should go to the website 10 - 15 minutes prior to the
        scheduled conference in order to register and download any necessary
        audio software.
      </li>
      <li style="margin-bottom: 10.0px">
        The teleconference can be accessed by dialing 1-201-689-8562
        approximately 10 minutes prior to the call.
      </li>
    </ul>
    <p>
      To listen to the archived call:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        The archived webcast will be accessible at <u>http://www.uraniumresources.com</u>.
        A transcript will also be posted, once available.
      </li>
      <li style="margin-bottom: 10.0px">
        A replay can also be heard by calling 1-201-612-7415 and entering the
        account number 3055 and reference ID number 289717. The telephonic
        replay will be available from 2:00 p.m. ET the day of the
        teleconference until 11:59 p.m. on July 3, 2008.
      </li>
    </ul>
    <p>
      <i><b>About Uranium Resources, Inc.</b></i>
    </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 101.4 million pounds of in-place
      mineralized uranium material 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>
    <div style="margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
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        <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>
      <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, world-wide uranium
      supply and demand, 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>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br>Uranium Resources, Inc.<br>April Wade, 505-440-9441<br>Vice
      President of Communications and Government Relations<br><u>awade@uraniumresources.com</u><br>or<br>David
      N. Clark, 972-219-3330<br>President and CEO<br>or<br>Investor:<br>Kei
      Advisors LLC<br>Deborah K. Pawlowski/James M. Culligan<br>716-843-3908/716-843-3874<br><u>dpawlowski@keiadvisors.com/jculligan@keiadvisors.com</u><br>
    </p>
    <p>

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