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<SEC-DOCUMENT>0001157523-08-010008.txt : 20081219
<SEC-HEADER>0001157523-08-010008.hdr.sgml : 20081219
<ACCEPTANCE-DATETIME>20081219121133
ACCESSION NUMBER:		0001157523-08-010008
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081219
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081219
DATE AS OF CHANGE:		20081219

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:		081259766

	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>a5858366.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">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      D.C. 20549</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of the</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Securities
      Exchange Act of 1934</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Date of
      Report (Date of earliest event reported):</b></font><font style="font-family: Times New Roman; font-size: 12pt">
      December 19, 2008</font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><br><br>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt">URANIUM RESOURCES, INC.</font></u><br><font style="font-family: Times New Roman; font-size: 12pt"><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; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Delaware</u>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; width: 34%; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>0-17171</u>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; width: 33%; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>75-2212772</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or other </b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>jurisdiction of</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>incorporation)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 34%; text-align: center">
          <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>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <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 valign="top" style="padding-left: 0.0px; padding-right: 0.0px; width: 50%; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            75067
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 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-bottom: 10pt; width: 100%; margin-right: 0pt; 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
      8.01. Other Events</b></font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      On December 19, 2008, the Registrant issued a press release describing
      the cash management initiatives that are expected to result in a $2.2
      million reduction in annual costs. A copy of the press release is
      attached hereto as Exhibit 99.1 and is incorporated herein by reference.
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman">
      </font><font style="font-family: Times New Roman; font-size: 10pt"><b>Item
      9.01. Financial Statements and Exhibits</b></font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Exhibit 99.1 Press Release dated December 19, 2008<font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; 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; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="width: 5%">

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

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

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

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

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

        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="width: 45%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; width: 5%; text-align: left">
          Date:
        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; width: 15%; text-align: left">
          December 19, 2008
        </td>
        <td style="width: 30%">

        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; width: 5%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="border-bottom: solid black 1.0pt; padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; 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>
      <b>Exhibit Index</b>
    </p>
    <p>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 14%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 2%; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 84%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 14%; text-align: left">
          Exhibit 99.1
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 2%; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 84%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press Release dated December 19, 2008
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5858366ex991.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-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. Reduces Annual Costs by $2.2 million</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Elimination
        of three executives and reduction in cash compensation results in
        $800,000 in annual cash savings; Restricted stock to be issued in lieu
        of cash</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>$13.5
        million in cash on hand at December 1, 2008</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Expects
        to have sufficient cash to operate through 2010</b></font>
      </li>
    </ul>
    <p>
      LEWISVILLE, Texas--(BUSINESS WIRE)--December 18, 2008--Uranium
      Resources, Inc. (NASDAQ: URRE) (URI), announced today that its
      cost-cutting actions taken over the past several months combined with
      additional planned cost saving efforts are expected to result in annual
      cash savings of $2.2 million. The Company has closed its Corpus Christi,
      Texas and Albuquerque, New Mexico offices, completed data evaluation
      activities at its Crownpoint office, curtailed its exploration
      activities in Texas, is eliminating three executive officer positions,
      and has adopted a salary reduction program for all executive positions.
    </p>
    <p>
      As was announced last month, URI has deferred all activities to
      delineate and develop new wellfields at its Texas operations. As a
      result, the Company does not plan to have any significant capital
      expenditures in 2009, unless there is a significant improvement in the
      uranium market. Capital spending for 2008 through December 1, 2008 was
      $10.4 million.
    </p>
    <p>
      The Company&#8217;s two remaining operating wellfields at Kingsville Dome,
      which are expected to be depleted in the first quarter of 2009, have
      been generating cash during the quarter. As of December 1, 2008, URI had
      $13.5 million in cash. A primary use of URI&#8217;s cash is for its
      restoration and reclamation activities at its Kingsville Dome, Rosita
      and Vasquez projects in South Texas.
    </p>
    <p>
      Dave Clark, URI&#8217;s President and CEO, stated, &#8220;Our primary objective over
      the past several months has been to slash costs as we realign the
      company in a manner that will allow us to advance toward our strategic
      goals while providing sufficient liquidity to operate through at least
      the end of 2010. We are confident we will achieve this objective. In
      addition, we are looking to monetize non-core assets to provide greater
      financial flexibility to seize opportunities as they arise.&#8221;
    </p>
    <p>
      The Company is eliminating three executive officer positions and will
      reduce cash compensation for the remaining officers by 30% to 40%. Mr.
      Clark&#8217;s cash compensation will be reduced by 40%. Total annualized cash
      savings from these changes will be approximately $800,000. In lieu of
      the reduced cash compensation for the remaining executives in 2009, URI
      will make quarterly issuances of restricted shares of the Company&#8217;s
      common stock. The number of restricted shares to be issued will be based
      on the average closing price of the Company&#8217;s common stock on the last
      ten trading days of each quarter. The total restricted stock to be
      issued will not exceed 700,000 shares for the full year. The vesting
      period for the restricted shares will be one year from the date of issue.
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; 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>
      URI plans to file a registration statement on Form S-8 with the
      Securities and Exchange Commission to register the 1.5 million shares of
      common stock available for issuance under the shareholder-approved 2007
      Restricted Stock Plan. Under the registration statement, 70,000 shares
      have been issued to date since the plan was approved in July 2007.
    </p>
    <p>
      Mr. Clark concluded, &#8220;Our strategic objectives are to improve our
      position in Texas where we own two fully-licensed ISR processing
      facilities while advancing our considerable assets in New Mexico toward
      production. We believe the recent permit awarded to us for exploratory
      drilling in New Mexico is a good indication of the progress being made
      in that state. URI has over 100 million pounds of in-place mineralized
      uranium material in New Mexico, an NRC license to mine at Churchrock,
      and the opportunity to build its uranium assets during difficult
      economic times for the industry.&#8221;
    </p>
    <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 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 style="text-align: left">
      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, 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>
      CONTACT:<br><b>Investors:</b><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>or<br>Uranium
      Resources, Inc.<br>David N. Clark, 972-218-3330<br>President and CEO<br>or<br><b>Media:</b><br>April
      Wade, 505-440-9441<br><u>awade@uraniumresources.com</u>
    </p>
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