<SEC-DOCUMENT>0001047469-11-008842.txt : 20111031
<SEC-HEADER>0001047469-11-008842.hdr.sgml : 20111031
<ACCEPTANCE-DATETIME>20111031161449
ACCESSION NUMBER:		0001047469-11-008842
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20111031
DATE AS OF CHANGE:		20111031

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:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-174845
		FILM NUMBER:		111168452

	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>424B5
<SEQUENCE>1
<FILENAME>a2206073z424b5.htm
<DESCRIPTION>424B5
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<P><FONT SIZE=3 >
Use these links to rapidly review the document<BR>
<A HREF="#bg74201_table_of_contents">  TABLE OF CONTENTS</A><BR></font>
</P>

<P style="font-family:times;"><FONT SIZE=2>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><B>Filed Pursuant to Rule 424(b)(5)<BR>
Registration Statement File Number 333-174845</B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B>PROSPECTUS SUPPLEMENT<BR>
(To Prospectus dated June&nbsp;10, 2011)  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>
<IMG SRC="g532467.jpg" ALT="LOGO" WIDTH="114" HEIGHT="111">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>$15,000,000  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=5><B>Uranium Resources,&nbsp;Inc.  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=5><B>


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" >


 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into an at-the-market sales agreement with BTIG,&nbsp;LLC, or BTIG, relating to shares of our common
stock, $0.001 par value per share, offered by this prospectus supplement and the accompanying
prospectus. In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock having an aggregate offering price of up to $15.0&nbsp;million from time to time
through BTIG, acting as our sales agent. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
common stock is listed on The NASDAQ Capital Market under the symbol "URRE." The last reported sale price of our common stock on The NASDAQ Capital Market on October&nbsp;25, 2011
was $1.21 per share. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales
of our common stock, if any, under this prospectus supplement and the accompanying prospectus may be made by any method permitted by law deemed to be an "at the market offering" as
defined in Rule&nbsp;415 under the Securities Act of 1933, as amended, which we refer to as the Securities Act, including sales made directly on The NASDAQ Capital Market, on any other existing
trading market for our common stock or to or through a market maker. With our consent, BTIG may also sell our common stock by any other method permitted by law, including in privately negotiated
transactions. BTIG will act as sales agent on a commercially reasonable efforts basis, consistent with its normal trading and sales practices and applicable state and federal laws, rules and
regulations and the rules of NASDAQ. There is no specific date on which the offering will end, there are no minimum sale requirements and there are no arrangements to place any of the proceeds of this
offering in an escrow, trust or similar account. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTIG
will be entitled to compensation at a fixed commission rate of 3.0% of the gross proceeds from the sale of our common stock pursuant to the sales agreement. In connection with the
sale of the common stock on our behalf, BTIG may be deemed to be an "underwriter" within the meaning of the Securities Act, and the compensation of BTIG may be deemed to be underwriting commissions or
discounts. We have also agreed to provide indemnification and contribution to BTIG against certain civil liabilities, including liabilities under the Securities Act. </FONT></P>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" >


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=3><B>Investing in our common stock involves certain risks. See "Risk Factors" beginning on page&nbsp;S-2 of the prospectus supplement and
the reports we file with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, incorporated by reference in this prospectus supplement, to read about
factors you should consider before buying our common stock.  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=3><B>Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal
offense.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" >


  </I></FONT><FONT SIZE=3>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><B>
<IMG SRC="g514561.jpg" ALT="LOGO" WIDTH="130" HEIGHT="34">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="22%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=3>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>The date of this prospectus supplement is October&nbsp;28, 2011 </FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=151745,FOLIO='blank',FILE='DISK131:[11ZDO1.11ZDO74201]BC74201A.;39',USER='DTAYLOR',CD='31-OCT-2011;10:57' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A NAME="BG74201A_main_toc"></A>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>You should rely only on the information contained in or incorporated by reference in this prospectus supplement and the accompanying prospectus. We have not, and
BTIG has not, authorized anyone to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not, and BTIG is not,
making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement, the accompanying
prospectus, and the documents incorporated by reference is accurate only as of their respective dates. Our business, financial condition, results of operations and prospects may have changed since
those dates.</B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>This prospectus supplement contains summaries of certain provisions contained in some of the documents described herein, and reference is made to the actual
documents filed with the United States Securities and Exchange Commission, or SEC, for complete information. You may obtain copies of those documents as described below under "Where You Can Find More
Information."</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


  </I></FONT><FONT SIZE=2>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bg74201_table_of_contents"> </A>
<BR></FONT><FONT SIZE=2><B>  TABLE OF CONTENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
<A NAME="BG74201_TOC"></A> </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>


<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->


 </FONT></P>
<!-- COMMAND=ADD_START_LINKTABLE -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="27pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Page </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 ALIGN="CENTER" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B> Prospectus Supplement</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#About1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>About This Prospectus Supplement</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#About1"><FONT SIZE=2>S-ii</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#D1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Disclosure Regarding Forward-Looking Statements  </FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#D1"><FONT SIZE=2>S-ii</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Sum1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Summary</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Sum1"><FONT SIZE=2>S-1</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Risk1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Risk Factors</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Risk1"><FONT SIZE=2>S-2</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Use1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Use of Proceeds</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Use1"><FONT SIZE=2>S-10</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Dil1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Dilution</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Dil1"><FONT SIZE=2>S-10</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Cap1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Capitalization</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Cap1"><FONT SIZE=2>S-11</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#PD1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Plan of Distribution</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#PD1"><FONT SIZE=2>S-12</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#LM1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Legal Matters</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#LM1"><FONT SIZE=2>S-13</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#EE1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Experts</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#EE1"><FONT SIZE=2>S-13</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#WYCF1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Where You Can Find More Information</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#WYCF1"><FONT SIZE=2>S-13</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#ICDR1"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Incorporation of Certain Documents by Reference</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#ICDR1"><FONT SIZE=2>S-14</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 ALIGN="CENTER" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B> Prospectus</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#D2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Disclosure Regarding Forward-Looking Statements</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#D2"><FONT SIZE=2>2</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#About2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>About This Prospectus</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#About2"><FONT SIZE=2>3</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#SU2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Summary</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#SU2"><FONT SIZE=2>4</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Offer2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Offering</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Offer2"><FONT SIZE=2>4</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#RF2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Risk Factors</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#RF2"><FONT SIZE=2>5</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#UOP2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Use of Proceeds</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#UOP2"><FONT SIZE=2>11</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Desc2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Description of Securities We May Offer</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Desc2"><FONT SIZE=2>12</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#Legal2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Legal Ownership of Securities</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#Legal2"><FONT SIZE=2>14</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#PD2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Plan of Distribution</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#PD2"><FONT SIZE=2>18</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#LM2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Legal Matters</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#LM2"><FONT SIZE=2>19</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#EP2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Experts</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#EP2"><FONT SIZE=2>19</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#WFMI2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Where You Can Find More Information</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#WFMI2"><FONT SIZE=2>19</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#IIR2"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Information Incorporated By Reference</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#IIR2"><FONT SIZE=2>19</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
<!-- COMMAND=ADD_END_LINKTABLE -->
 </DIV>
 <HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=963085,FOLIO='blank',FILE='DISK131:[11ZDO1.11ZDO74201]BG74201A.;36',USER='SCAVALI',CD='31-OCT-2011;09:38' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_bi74201_1_2"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bi74201_about_this_prospectus_supplement"> </A>
<A NAME="toc_bi74201_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="About1"></A>ABOUT THIS PROSPECTUS SUPPLEMENT    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This document is in two parts. The first part is this prospectus supplement, which describes the terms of this offering and also adds
to or updates the information contained in the accompanying prospectus and the documents incorporated by reference into this prospectus supplement and the accompanying prospectus. The second part is
the accompanying prospectus, which provides more general information about our common stock and other securities that do not pertain to this offering of common stock. This prospectus supplement and
the accompanying prospectus are part of a "shelf" registration statement on Form&nbsp;S-3 (File No.&nbsp;333-174845) that we filed with the Securities and Exchange
Commission, or the SEC, and that was declared effective by the SEC on June&nbsp;24, 2011. To the extent that the information contained in this prospectus supplement conflicts with any information in
the accompanying prospectus or any document incorporated by reference, the information in this prospectus supplement shall control. The information in this prospectus supplement may not contain all of
the information that is important to you. You should read this entire prospectus supplement, the accompanying prospectus and the documents incorporated by reference carefully before deciding whether
to invest in our common stock. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;References
to "our Company," "we," "our" and "us" in this prospectus supplement and the accompanying prospectus are to Uranium Resources,&nbsp;Inc. and its consolidated subsidiaries,
unless the context otherwise requires. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bi74201_disclosure_regarding_forward-looking_statements"> </A>
<A NAME="toc_bi74201_2"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="D1"></A>DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus supplement, the accompanying prospectus and the documents we have incorporated by reference contain forward-looking
statements within the meaning of the federal securities laws. Forward-looking statements convey our current expectations or forecasts of future events. We intend such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward-looking
statements are generally identifiable by use of the words "estimate," "project," "believe," "intend," "plan," "anticipate," "expect" and similar expressions. These
forward-looking statements include management's expectations regarding our liquidity and burn rate, reserves and mineralized uranium material, timing of receipt of mining permits, production capacity
of mining operations planned for properties in South Texas and New Mexico dates for commencement of production at such properties and plans for the consolidation of the uranium mineral interests in
the New Mexico uranium district. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Actual results could differ materially from those in
forward-looking statements because of, among other reasons, the factors described below and in the periodic reports that we file with the SEC from time to time, including
Forms&nbsp;10-K, 10-Q and 8-K and any amendments thereto. The forward-looking statements are not guarantees of future performance. They are based on numerous
assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key
factors that could cause actual results to be different than expected or anticipated include, but are not limited to: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the price of uranium;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>weather conditions;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>operating conditions at our mining projects;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>government regulation of the mining industry and the nuclear power industry;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the world-wide supply and demand of uranium; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-ii</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=700065,FOLIO='S-ii',FILE='DISK131:[11ZDO1.11ZDO74201]BI74201A.;9',USER='SCAVALI',CD='31-OCT-2011;09:40' -->
<A NAME="page_bi74201_1_3"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>availability of capital;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>timely receipt of mining and other permits from regulatory agencies; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the risks set forth in the accompanying prospectus under the caption "Risk Factors." </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>In
light of these risks, uncertainties and assumptions, you are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this prospectus supplement,
accompanying prospectus or as of the date of any document incorporated by reference in this prospectus supplement or accompanying prospectus, as applicable. When considering forward-looking
statements, you should keep in mind the cautionary statements in this prospectus supplement, accompanying prospectus and the documents incorporated by reference. We are not under any obligation, and
we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In light of
these risks, uncertainties and assumptions, the forward-looking events discussed in or incorporated by reference in this prospectus supplement and accompanying prospectus might not occur. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-iii</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=4,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=262267,FOLIO='S-iii',FILE='DISK131:[11ZDO1.11ZDO74201]BI74201A.;9',USER='SCAVALI',CD='31-OCT-2011;09:40' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ca74201_1_1"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca74201_summary"> </A>
<A NAME="toc_ca74201_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Sum1"></A>SUMMARY    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>The SEC allows us to "incorporate by reference" certain information that we file with it, which means that we
can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this prospectus supplement and the accompanying
prospectus, and information that we file later with the SEC will update automatically, supplement and/or supersede this information. Any statement contained in a document incorporated or deemed to be
incorporated by reference in this prospectus supplement and the accompanying prospectus shall be deemed to be modified or superseded for purposes of this prospectus supplement to the extent that a
statement contained in this prospectus supplement, accompanying prospectus or in any other document which also is or is deemed to be incorporated by reference in this prospectus supplement modifies or
supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus supplement and the
accompanying prospectus. You should read the detailed information regarding our Company, our common stock and our financial statements and notes to those statements appearing elsewhere in this
prospectus supplement, accompanying prospectus or incorporated herein by reference. References in this prospectus supplement to "the Company," "we," "our," and "us" refer to Uranium
Resources,&nbsp;Inc.</I></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca74201_our_company"> </A>
<A NAME="toc_ca74201_2"> </A>
<BR></FONT><FONT SIZE=2><B>  Our Company    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uranium Resources,&nbsp;Inc. is a uranium exploration, mine development and production company. We were organized in 1977 to acquire
and develop uranium mines in South Texas using the in-situ recovery mining process (ISR). Since its founding, we have produced over 8&nbsp;million pounds U3O8 from five Texas projects,
two of which have been fully restored and returned to the land owners. We currently have two fully licensed ISR processing facilities in Texas: Kingsville Dome and Rosita. Since 1986, we have built a
significant asset base in New Mexico that includes 101.4&nbsp;million pounds U3O8 of in-place mineralized uranium material on 183,000 acres of uranium mineral holdings. We have also been
issued a Nuclear Regulatory Commission (NRC) license to build a 3&nbsp;million pound U3O8 per year ISR processing facility at Crownpoint, New Mexico. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
principal executive offices are located at 405 State Highway Bypass 121, Building A, Suite&nbsp;110 Lewisville, Texas, 76034, and our telephone number is
(972)&nbsp;219-3330. As of October&nbsp;24, 2011, we had 44 employees. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca74201_the_offering"> </A>
<A NAME="toc_ca74201_3"> </A>
<BR></FONT><FONT SIZE=2><B>  The Offering    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>


<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->


</FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="187pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>Issuer</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>Uranium Resources,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Common Stock Offered</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>Shares with an aggregate offering price of up to $15,000,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Use of Proceeds</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>We currently intend to use the net proceeds from this offering for general corporate purposes, including additions to our working capital and funding potential future acquisitions. See "Use of
Proceeds" on page&nbsp;S-10 of this prospectus supplement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Listing</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>Our common stock is listed on The NASDAQ Capital Market under the symbol "URRE."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Risk Factors</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>An investment in our common stock involves risks, and prospective investors should carefully consider the matters discussed under "Risk Factors" beginning on page&nbsp;S-2 of this prospectus supplement
and the reports we file with the SEC pursuant to the Exchange Act of 1934, as amended (the "Exchange Act"), incorporated by reference in this prospectus supplement and the accompanying prospectus before making an investment in our common
stock.</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-1</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=5,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=1020731,FOLIO='S-1',FILE='DISK131:[11ZDO1.11ZDO74201]CA74201A.;16',USER='DTAYLOR',CD='31-OCT-2011;10:57' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_da74201_1_2"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da74201_risk_factors"> </A>
<A NAME="toc_da74201_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Risk1"></A>RISK FACTORS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should carefully consider the general discussion of risk factors set forth in the material set forth under the caption
"Business&#151;Risk Factors" in our Form&nbsp;10-K for the fiscal year ending December&nbsp;31, 2010, and any amendments thereto, before making your investment decision, as well
as those contained in any filing with the SEC subsequent to the date of this prospectus supplement. Those risks are not the only risks we face. Additional risks that we do not yet know of or that we
currently judge to be immaterial may also impair our business operations. If any of the events or circumstances described in the aforementioned risks or other material actually occurs, our business,
financial condition or results of operations could be materially adversely affected. In such case, the trading price of our common stock could decline, and you may lose all or part of your investment. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
factors identified below are important factors (but not necessarily all of the important factors) that could cause actual results to differ materially from those expressed in any
forward-looking statement made by, or on behalf of, the Company. Where any such forward-looking statement includes a statement of the assumptions or bases underlying such forward-looking statement, we
caution that, while we believe such assumptions or bases to be reasonable and make them in good faith, assumed facts or bases almost always vary from actual results, and the differences between
assumed facts or bases and actual results can be material, depending upon the circumstances. Where, in any
forward-looking statement, the Company, or its management, expresses an expectation or belief as to the future results, such expectation or belief is expressed in good faith and believed to have a
reasonable basis, but there can be no assurance that the statement of expectation or belief will result, or be achieved or accomplished. Taking into account the foregoing, the following are identified
as important risk factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by, or on behalf of, the Company. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B> Risk Related to This Offering  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> The market price of our common stock may fluctuate or decline significantly</I></B></FONT><FONT SIZE=2>. </FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
market price of our common shares may fluctuate or decline significantly in response to many factors, including those set forth under "Disclosure Regarding
Forward-Looking Statements" as well as: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>actual or anticipated changes in operating results or business prospects;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>changes in earnings estimates by securities analysts;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>an inability to meet or exceed securities analysts' estimates or expectations;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the depth and liquidity of the market for our common stock;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>investor perception of our business and our prospectus;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>strategic actions by us or our competitors;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>hedging or arbitrage trading activity in our common stock;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>actions by institutional shareholders;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>additions or departures of key personnel;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>future sales of our common stock or securities convertible into, or exchangeable or exercisable for, our common stock; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the realization of any of the other risk factors included or incorporated by reference in this prospectus supplement and
the accompanying prospectus; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>general market and economic conditions. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-2</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=6,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=112707,FOLIO='S-2',FILE='DISK131:[11ZDO1.11ZDO74201]DA74201A.;5',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_da74201_1_3"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<UL>
<UL>
</UL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The offering of our common stock from time to time pursuant to the sales agreement may have a dilutive effect on our earnings per share and our funds from operations per
share.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The dilutive effect of the issuance of common stock from time to time pursuant to the sales agreement may have a dilutive effect on our
2011 earnings per share and our funds from operations, as adjusted, per share and could cause the market price of our common stock to decline significantly. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
There may be future dilution of our common stock.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may need to seek additional capital in the future to satisfy our working capital and/or project financing requirements. These
financings could involve one or more types of securities including common stock, convertible debt, preferred stock or warrants to acquire common stock. These securities could be issued at or below the
then prevailing market price for our common stock. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
certificate of incorporation of the Company authorizes us to issue 200,000,000 shares of common stock. Any issuance of additional shares of common stock could be dilutive to existing
stockholders and could adversely affect the market price of our common stock. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Approximately 22.7% of our common stock is controlled by four significant stockholders and management.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approximately 18.3% of our common stock is controlled by four significant stockholders. In addition, our directors and officers are the
beneficial owners of approximately 4.4% of our common stock. This includes, with respect to both groups, shares that may be purchased upon the exercise of outstanding options. Should these
stockholders decide to act together, they may be able to substantially influence the management, affairs and operations of our company and all matters requiring approval by our stockholders, including
the election of directors and the approval of mergers or other business combination transactions. Accordingly, the concentration of ownership by such stockholders may have the effect of delaying,
deferring, preventing or facilitating a sale of our company or a business combination with a third party. Further, circumstances may arise in which the interests of these stockholders could conflict
with the interests of our other stockholders. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You will experience immediate dilution in the book value per share of the common stock you purchase.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because the price per share of our common stock being offered is substantially higher than the book value per share of our common
stock, you will suffer substantial dilution in the net tangible book value of the common stock you purchase in this offering. After giving effect to the sale by us of shares of common stock in the
aggregate amount of $15.0&nbsp;million, and based on a public offering price of $1.21 per share in this offering (the last reported price of our common stock on October&nbsp;25, 2011) and a pro
forma net tangible book value per share of our common stock of $0.30 as of June&nbsp;30, 2011, if you purchase shares in this offering, you will suffer immediate and substantial dilution of $0.81
per share in the net tangible book value of the common stock purchased. See "Dilution" for a more detailed discussion of the dilution you will incur in connection with this offering. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The availability for sale of a large amount of shares may depress the market price of our common stock.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of October&nbsp;25, 2011, 93,528,362 shares of our common stock were outstanding, all of which are registered or otherwise
transferable. In addition, there are warrants outstanding to purchase 988,771 shares of common stock at a price of $5.78 per share, and which expire in May 2013. The availability for sale of a large
amount of shares or conversion of the Company's outstanding warrants by any one or several shareholders may depress the market price of our common stock and impair our ability to raise additional
capital through the public sale of our common stock. We have no arrangement with any of the holders of the foregoing shares or warrants to address the possible effect on the price of our common stock
of the sale of their shares by them. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-3</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=7,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=774333,FOLIO='S-3',FILE='DISK131:[11ZDO1.11ZDO74201]DA74201A.;5',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_da74201_1_4"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our management will have broad discretion over the use of the net proceeds from this offering, you may not agree with how we use the proceeds and the proceeds may not be
invested successfully.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have not designated any portion of the net proceeds from this offering to be used for any particular purpose. Accordingly, our
management will have broad discretion as to the use of the net proceeds from any offering by us and could use them for purposes other than those contemplated at the time of this offering. You will be
relying on the judgment of our management with regard to the use of these net proceeds, and you will not have the opportunity, as part of your
investment decision, to assess whether the proceeds are being used appropriately. It is possible that the proceeds will be invested in a way that does not yield a favorable, or any, return for our
Company. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Terms of subsequent financings may adversely impact our stockholders.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to finance our future production plans and working capital needs, we may have to raise funds through the issuance of equity or
debt securities. We currently have no authorized preferred stock. Depending on the type and the terms of any financing we pursue, stockholder's rights and the value of their investment in our common
stock could be reduced. For example, if we have to issue secured debt securities, the holders of the debt would have a claim to our assets that would be prior to the rights of stockholders until the
debt is paid. Interest on these debt securities would increase costs and negatively impact operating results. If the issuance of new securities results in diminished rights to holders of our common
stock, the market price of our common stock could be negatively impacted. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B> General Risks and Uncertainties  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Operations history  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has not had any operating mines in Texas since 2009, and does not plan to return to production until uranium prices
recover. In New Mexico, the Churchrock project is currently being delayed due to depressed uranium prices. In South Texas, our Vasquez project was mined out in 2008 and is now being restored. In
October 2008, Rosita production was shut-in due to depressed pricing and technical challenges in the first new wellfield that made mining uneconomical. The decline in uranium prices
throughout 2008 also led to a decision in October 2008 to defer new wellfield development at Rosita and Kingsville Dome. Production continued in two existing wellfields at Kingsville Dome and was
completed in July 2009. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are not producing uranium at this time, nor do we expect to begin production in the near future unless uranium prices recover to a profitable level. As a result, we
currently have no sources of operating cash. If we cannot monetize certain existing Company assets, partner with another company that has cash resources, find other means of generating revenue other
than uranium production and/or have the ability to access additional sources of private or public capital we may not be able to remain in business.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not commence production at our existing properties until uranium prices recover to a profitable level. Until uranium prices
recover we will have no way to generate cash inflows unless we monetize certain Company assets or find other means to generate cash. In addition, our Vasquez project has been depleted of its
economically recoverable reserves and our Rosita and Kingsville Dome projects have limited identified economically recoverable reserves. Our future uranium production, cash flow and income are
dependent upon the results of exploration as well as our ability to bring on new, as yet unidentified wellfields and to acquire and develop additional reserves. We can provide no assurance that our
properties will be placed into production or that we will be able to continue to find, develop, acquire and finance additional reserves. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-4</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=8,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=285697,FOLIO='S-4',FILE='DISK131:[11ZDO1.11ZDO74201]DA74201A.;5',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_da74201_1_5"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because we are not currently producing uranium we have limited liquidity.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We had $15.4&nbsp;million in cash at year-end 2010 and had approximately $5.4&nbsp;million at the end of September
2011. In early 2010 the Company adopted a new strategic plan which emphasized cash preservation and maintaining liquidity to allow the Company to be in a position to resume uranium production when
sustained prices support such activity. As part of this plan the Company completed financings that we believe will provide sufficient working capital for the Company to maintain its liquidity into
2012. The Company expects to raise additional capital in 2011 through a financing transaction, the monetization of certain assets in Texas, or other means. Absent the ability to complete one or more
of these actions the Company could need to implement significant cost cutting measures designed to maintain the Company's liquidity. While the Company believes it will be successful in its capital
raising efforts, there can be no assurance that such activities will result in the raising of sufficient funds to allow the Company to continue operations beyond April 2011. However, we do project
that with the cash on hand at September&nbsp;30, 2011 we will be able to maintain our liquidity through April 2012. At such time, additional sources of cash will be required to maintain our
liquidity. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our ability to function as an operating mining company will be dependent on our ability to mine our properties at a profit sufficient to finance further mining activities
and for the acquisition and development of additional properties. The volatility of uranium prices makes long-range planning uncertain and raising capital difficult.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to ceasing all production, we have deferred activities for delineation and development of new wellfields at all of our
South Texas projects except for the Los Finados project. This decision limits our ability to be immediately ready to begin production should uranium prices improve suddenly. Our ability to operate on
a positive cash flow basis will be dependent on mining sufficient quantities of uranium at a profit sufficient to finance our operations and for the acquisition and development of additional mining
properties. Any profit will necessarily be dependent upon, and affected by, the long and short term market prices of uranium, which are subject to significant fluctuation. Uranium prices have been and
will continue to be affected by numerous factors beyond our control. These factors include the demand for nuclear power, political and economic conditions in uranium producing and consuming countries,
uranium supply from secondary sources and uranium production levels and costs of production. A significant, sustained drop in uranium prices may make it impossible to operate our business at a level
that will permit us to cover our fixed costs or to remain in operation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We may need to obtain additional financing in order to implement our business plan, and the inability to obtain it could cause our business plan to fail.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2011, we had approximately $5.4&nbsp;million in cash. We may require additional financing in order to
complete our plan of operations. We may not be able to obtain all of the financing we require. Our ability to obtain additional financing is subject to a number of factors, including the market price
of uranium, market conditions, investor acceptance of our business plan, and investor sentiment. These factors may make the timing, amount, terms and conditions of additional financing unattractive or
unavailable to us. In recognition of current economic conditions and the shut-down of production, we have significantly reduced our spending, delayed or cancelled planned activities and
substantially changed our current corporate structure. However, these actions may not be sufficient to offset the detrimental effects of the weak economy and cessation of production, which could
result in material adverse effects on our business, revenues, operating results and prospects. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exploration and development of uranium properties are risky and subject to great uncertainties.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exploration for and development of uranium deposits involves significant risks. It is impossible to ensure that the current and
future exploration programs and/or feasibility studies on our existing properties will establish reserves. Whether a uranium ore body will be commercially viable depends on </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-5</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=9,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=1027824,FOLIO='S-5',FILE='DISK131:[11ZDO1.11ZDO74201]DA74201A.;5',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_da74201_1_6"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2>a
number of factors, including, but not limited to: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; uranium prices, which cannot be predicted and which
have been highly volatile in the past; mining, processing and transportation costs; perceived levels of political risk and the willingness of lenders and investors to provide project financing; labor
costs and possible labor strikes; and governmental regulations, including, without limitation, regulations relating to prices, taxes, royalties, land tenure, land use, importing and exporting
materials, foreign exchange, environmental protection, employment, worker safety, transportation, and reclamation and closure obligations. Most exploration projects do not result in the discovery of
commercially mineable deposits of uranium and there can be no assurance that any of our exploration stage properties will be commercially mineable or can be brought into production. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Potential impact on the uranium markets of the developments at the Fukushima Daiichi Nuclear Power Plant in Japan.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The developments at the Fukushima Daiichi Nuclear Power Plant following the earthquake and tsunami that struck parts of Japan have
created heightened concerns regarding the safety of nuclear power plants and the ability to safeguard the material used to fuel nuclear power plants. The potential impact on the perception of the
safety of nuclear power resulting from this event may cause increased volatility of uranium prices in the near to mid-term as well as uncertainty involving the continued use and expansion
of nuclear power in certain countries. A reduction in the current or the future generation of electricity from nuclear power could result in a reduced requirement for uranium to fuel nuclear power
plants which may negatively impact the Company in the future. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The only market for uranium is nuclear power plants world-wide, and there are a limited number of customers.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are dependent on a limited number of electric utilities that buy uranium for nuclear power plants. Because of the limited market for
uranium, a reduction in purchases
of newly produced uranium by electric utilities for any reason (such as plant closings) would adversely affect the viability of our business. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The price of alternative energy sources affects the demand for and price of uranium.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The attractiveness of uranium as an alternative fuel to generate electricity may to some degree be dependent on the relative prices of
oil, gas, coal, and hydro-electricity and the possibility of developing other low cost sources for energy. If the price of alternative energy sources decrease or new low-cost alternative
energy sources are developed, the demand for uranium could decrease, which may result in the decrease in the price of uranium. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Public acceptance of nuclear energy is uncertain.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintaining the demand for uranium at current levels and future growth in demand will depend upon acceptance of nuclear technology as a
means of generating electricity. The developments at the Fukushima Daiichi Nuclear Power Plant may affect public acceptance of nuclear technology. Lack of public acceptance of nuclear technology would
adversely affect the demand for nuclear power and potentially increase the regulation of the nuclear power industry. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-6</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=10,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=428613,FOLIO='S-6',FILE='DISK131:[11ZDO1.11ZDO74201]DA74201A.;5',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dc74201_1_7"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT> <FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We may not be able to mine a substantial portion of our uranium in New Mexico until a mill is built in New Mexico.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A substantial portion of our uranium in New Mexico lends itself most readily to conventional mining methods and may not be able to be
mined unless a mill is built in New Mexico. We have no immediate plans to build, nor are we aware of any third party's plan to build, a mill in New Mexico and there can be no guaranty that a mill will
be built. In the event that a mill is not built a substantial portion of our uranium may not be able to be mined. Our inability to mine all or a portion of our uranium in New Mexico would have a
material adverse effect on future operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We do not have a committed source of financing for the development of our New Mexico Properties, including the Churchrock Property, which is the property we expect to
develop first in New Mexico.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With the election by Itochu to terminate the Churchrock Joint Venture we do not have a committed source of financing for the
development of our Churchrock property. There can be no assurance that we will be able to obtain financing for this project or our other New Mexico
projects. Our inability to develop the New Mexico properties would have a material adverse effect on our future operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Navajo Nation ban on uranium mining in Indian Country encompasses approximately </I></B></FONT><FONT SIZE=2><B>49%</B></FONT><FONT SIZE=2><B><I> of our in place mineralized uranium
material on our properties in New Mexico and will adversely affect our ability to mine unless the ban is overturned.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April 2005, the Navajo Nation Council passed the Din&eacute; Natural Resources Protection Act of 2005 prohibiting uranium
mining and processing on any sites within Indian Country as defined under 18 U.S.C. &sect;&nbsp;1151. We believe that the ban is beyond the jurisdiction of the Navajo Nation. However, the ban
may prevent us from developing and operating our properties located in Indian Country. While the United States Court of Appeals for the Tenth Circuit held, en banc, that the Company's Section&nbsp;8
property in Churchrock, New Mexico is not Indian Country, approximately 49% of our in place mineralized uranium material is located in Indian Country. The term "Indian Country" is derived from
jurisdictional determinations in criminal law enforcement proceedings under 18 U.S.C. &sect;&nbsp;1151 and understood to encompass territory situated within Indian reservations, land owned by
Indian allottees and land within a dependent Indian community. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our operations are subject to environmental risks.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are required to comply with environmental protection laws and regulations and permitting requirements, and we anticipate that we
will be required to continue to do so in the future. We have expended significant resources, both financial and managerial, to comply with environmental protection laws, regulations and permitting
requirements and we anticipate that we will be required to continue to do so in the future. The material laws and regulations within the U.S. that the Company must comply with include the Atomic
Energy Act, Uranium Mill Tailings Radiation Control Act of 1978, or UMTRCA, Clean Air Act, Clean Water Act, Safe Drinking Water Act, Federal Land Policy Management Act, National Park System Mining
Regulations Act, and the State Mined Land Reclamation Acts or State Department of Environmental Quality regulations, as applicable. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are required to comply with the Atomic Energy Act, as amended by UMTRCA, by applying for and maintaining an operating license from the NRC and the state of Texas. Uranium operations
must conform to the terms of such licenses, which include provisions for protection of human health and the environment from endangerment due to radioactive materials. The licenses encompass
protective measures consistent with the Clean Air Act and the Clean Water Act. We intend to utilize specific employees and consultants in order to comply with and maintain our compliance with the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-7</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=11,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=876970,FOLIO='S-7',FILE='DISK131:[11ZDO1.11ZDO74201]DC74201A.;6',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_dc74201_1_8"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2>above
laws and regulations. Mining operations may be subject to other laws administered by the federal Environmental Protection Agency and other agencies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
uranium industry is subject not only to the worker health and safety and environmental risks associated with all mining businesses, but also to additional risks uniquely associated
with uranium mining and milling. The possibility of more stringent regulations exists in the areas of worker health and safety, storage of hazardous materials, standards for heavy equipment used in
mining or milling, the disposition of wastes, the decommissioning and reclamation of exploration, mining and in-situ sites, climate change and other environmental matters, each of which
could have a material adverse effect on the cost or the viability of a particular project. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
cannot predict what environmental legislation, regulation or policy will be enacted or adopted in the future or how future laws and regulations will be administered or interpreted.
The recent trend in environmental legislation and regulation, generally, is toward stricter standards, and this trend is likely to continue in the future. This recent trend includes, without
limitation, laws and regulations relating to air and water quality, mine reclamation, waste handling and disposal, the protection of certain species and the preservation of certain lands. These
regulations may require the acquisition of permits or other authorizations for certain activities. These laws and regulations may also limit or prohibit activities on certain lands. Compliance with
more stringent laws and regulations, as well as potentially more vigorous enforcement policies or stricter interpretation of existing laws, may necessitate significant capital outlays, may materially
affect our results of operations and business or may cause material changes or delays in our intended activities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
operations may require additional analysis in the future including environmental, cultural and social impact and other related studies. Certain activities require the submission and
approval of environmental impact assessments. Environmental assessments of proposed projects carry a heightened degree of responsibility for companies and directors, officers, and employees. We cannot
provide assurance that we will be able to obtain or maintain all necessary permits that may be required to continue our operation or our exploration of our properties or, if feasible, to commence
development, construction or operation of mining facilities at such properties on terms which enable operations to be conducted at economically justifiable costs. If we are unable to obtain or
maintain permits or water rights for development of our properties or otherwise fail to manage adequately future environmental issues, our operations could be materially and adversely affected. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because mineral exploration and development activities are inherently risky, we may be exposed to environmental liabilities and other dangers. If we are unable to maintain
adequate insurance, or liabilities exceed the limits of our insurance policies, we may be unable to continue operations.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The business of mineral exploration and extraction involves a high degree of risk. Few properties that are explored are ultimately
developed into production. Unusual or unexpected formations, formation pressures, fires, power outages, labor disruptions, flooding, explosions, cave-ins, landslides and the inability to
obtain suitable or adequate machinery, equipment or labor are other risks involved in extraction operations and the conduct of exploration programs. Previous mining operations may have caused
environmental damage at certain of our properties. It may be difficult or impossible to assess the extent to which such damage was caused by us or by the activities of previous operators, in which
case, any indemnities and exemptions from liability may be ineffective. If any of our properties are found to have commercial quantities of uranium, we would be subject to additional risks respecting
any development and production activities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
we carry liability insurance with respect to our mineral exploration operations, we may become subject to liability for damage to life and property, environmental damage,
cave-ins or hazards against which we cannot insure or against which we may elect not to insure because of cost or other business reasons. In addition, the insurance industry is undergoing
change and premiums are being </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-8</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=12,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=749672,FOLIO='S-8',FILE='DISK131:[11ZDO1.11ZDO74201]DC74201A.;6',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_dc74201_1_9"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2>increased.
If we are unable to procure adequate insurance because of cost, unavailability or otherwise, we might be forced to cease operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our inability to obtain financial surety would threaten our ability to continue in business.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future bonding requirements to comply with federal and state environmental and remediation requirements and to secure necessary
licenses and approvals will increase significantly when future development and production occurs at our sites in Texas and New Mexico. The amount of the bonding for each producing property is subject
to annual review and revision by regulators. We expect that the issuer of the bonds will require us to provide cash collateral equal to the face amount of the bond to secure the obligation. In the
event we are not able to raise, secure or generate sufficient funds necessary to satisfy these bonding requirements, we will be unable to develop our sites and bring them into production, which
inability will have a material adverse impact on our business and may negatively affect our ability to continue to operate. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Competition from better-capitalized companies affects prices and our ability to acquire properties and personnel.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There is global competition for uranium properties, capital, customers and the employment and retention of qualified personnel. In the
production and marketing of uranium, there are a number of producing entities, some of which are government controlled and all of which are significantly larger and better capitalized than we are.
Many of these organizations also have substantially greater financial, technical, manufacturing and distribution resources than we have. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
uranium production also competes with uranium recovered from the de-enrichment of highly enriched uranium obtained from the dismantlement of United States and Russian
nuclear weapons and imports to the United States of uranium from the former Soviet Union and from the sale of uranium inventory held by the United States Department of Energy. In addition, there are
numerous entities in the market that compete with us for properties and are attempting to become licensed to operate ISR and/or underground mining facilities. If we are unable to successfully compete
for properties, capital, customers or employees or alternative uranium sources, it could have a materially adverse effect on our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because we have limited capital, inherent mining risks pose a significant threat to us compared with our larger competitors.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because we have limited capital, we are unable to withstand significant losses that can result from inherent risks associated with
mining, including environmental hazards, industrial accidents, flooding, interruptions due to weather conditions and other acts of nature which larger competitors could withstand. Such risks could
result in damage to or destruction of our infrastructure and production facilities, as well as to adjacent properties, personal injury, environmental damage and processing and production delays,
causing monetary losses and possible legal liability. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our business could be harmed if we lose the services of our key personnel.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our business and mineral exploration programs depend upon our ability to employ the services of geologists, engineers and other
experts. In operating our business and in order to continue our programs, we compete for the services of professionals with other mineral exploration companies and businesses. In addition, several
entities have expressed an interest in hiring certain of our employees. Our ability to maintain and expand our business and continue our exploration programs may be impaired if we are unable to
continue to employ or engage those parties currently providing services and expertise to us or identify and engage other qualified personnel to do so in their place. To retain key employees, we may
face increased compensation costs, including
potential new stock incentive grants and there can be no assurance that the incentive measures we implement will be successful in helping us retain our key personnel. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-9</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=13,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=840439,FOLIO='S-9',FILE='DISK131:[11ZDO1.11ZDO74201]DC74201A.;6',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_de74201_1_10"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74201_use_of_proceeds"> </A>
<A NAME="toc_de74201_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Use1"></A>USE OF PROCEEDS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We intend to use the net proceeds from this offering for general corporate purposes, which may include making additions to our working
capital and funding future acquisitions. Until we use the proceeds for any purpose, we expect to invest them in interest-bearing securities. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74201_dilution"> </A>
<A NAME="toc_de74201_2"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Dil1"></A>DILUTION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our net tangible book value as of June&nbsp;30, 2011 was approximately $28.3&nbsp;million, or approximately $0.30 per share of
common stock. Net tangible book value per share is equal to our total tangible assets minus total liabilities, divided by the number of shares of common stock outstanding as of June&nbsp;30, 2011.
After giving effect to the sale by us of our common stock in the aggregate amount of $15.0&nbsp;million, representing 12,396,694 shares of our common stock offered at an offering price of $1.21 per
share (the last reported price of our common stock on October&nbsp;25, 2011), our as adjusted net tangible book value would have been approximately $42,705,567&nbsp;million, or $0.40
per share of common stock. As a result, the completion of the offering will increase our net tangible book value by $0.10 per share to our existing stockholders and result in an immediate dilution of
$0.81 per share to anyone who purchases our common stock in the offering. The following table illustrates this calculation on a per share basis: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:60%;margin-left:20%;">
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>


<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->


 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="32pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="32pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Public offering price per share</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1.21</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net tangible book value per share as of June&nbsp;30, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0.30</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Increase per share attributable to the offering</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0.10</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Adjusted net tangible book value per share as of June&nbsp;30, 2011 after giving effect to this offering</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0.40</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Dilution per share to new investors</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0.81</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing table is based on 93,528,362 shares of common stock outstanding as of June&nbsp;30, 2011, which does not take into effect further dilution to new investors that could
occur upon the exercise of outstanding options or warrants having a per share exercise price less than the offering price. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent that any of our outstanding options or warrants are exercised, we grant additional options under our stock option plans or issue additional warrants, or we issue additional
shares of common stock in the future, there may be further dilution to new investors. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-10</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=14,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=561229,FOLIO='S-10',FILE='DISK131:[11ZDO1.11ZDO74201]DE74201A.;6',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<A NAME="page_de74201_1_11"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74201_capitalization"> </A>
<A NAME="toc_de74201_3"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Cap1"></A>CAPITALIZATION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth our capitalization as of June&nbsp;30, 2011 (1)&nbsp;on an actual basis and (2)&nbsp;as adjusted
to reflect estimated net proceeds from the sale by us of our common stock in the aggregate amount of $15.0&nbsp;million offered at an assumed price of $1.21 per share, less estimated sales
commissions and offering expenses payable by us. You should read this table in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our
Form&nbsp;10-Q and our unaudited financial statements and related notes for the period ended June&nbsp;30, 2011, included in our Form&nbsp;10-Q. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>


<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->


 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="10pt" style="font-family:times;"></TD>
<TD WIDTH="10pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="78pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="78pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>June&nbsp;30, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Actual </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>As Adjusted(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>8,243,704</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>22,693,704</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term capital leases, less current portion</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>87,530</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>87,530</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other long-term debt</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>450,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>450,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total long-term debt and capital leases</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>537,530</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>537,530</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stockholders' equity</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Common stock, 200,000,000 shares authorized, par value $0.001 per share, 93,528,362 issued and outstanding (net of treasury shares), 105,925,055 issued and
outstanding, as adjusted for the issuance of 12,396,693 shares(2)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>93,566</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>105,963</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Additional paid-in capital</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>169,268,731</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>183,706,334</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accumulated deficit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(141,097,312</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(141,097,312</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Less Treasury stock (38,125 shares), at cost</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(9,418</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(9,418</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total stockholders' equity</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>28,255,567</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>42,705,567</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total capitalization</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>28,793,097</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>43,243,097</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Assumes
$100,000 in estimated out-of-pocket offering expenses payable by us and $450,000 in commission expenses.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Assumes
for the purpose of illustration that we sell our common stock in an aggregate amount of $15.0&nbsp;million at a price of $1.21 per share, the last
reported price of our common stock on October&nbsp;25, 2011, less estimated sales commission and offering expenses. The actual amounts and prices at which we sell our shares of common stock in this
offering will vary depending largely on the market price of our common stock at the time of each sale. Excludes 3,835,231 shares of common stock issuable upon exercise of stock options outstanding at
June&nbsp;30, 2011, at a weighted average exercise price of $2.70 per share. As of June&nbsp;30, 2011, an additional 1,714,291 shares of common stock were reserved for issuance under our stock
option and restricted stock plans. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-11</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=15,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=186449,FOLIO='S-11',FILE='DISK131:[11ZDO1.11ZDO74201]DE74201A.;6',USER='SCAVALI',CD='31-OCT-2011;09:19' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dg74201_1_12"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dg74201_plan_of_distribution"> </A>
<A NAME="toc_dg74201_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="PD1"></A>PLAN OF DISTRIBUTION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into a sales agreement with BTIG, under which we may issue and sell our common stock having an aggregate offering price
of up to $15.0&nbsp;million from time to time through BTIG, acting as our sales agent. A copy of the sales agreement has been filed with the SEC as Exhibit&nbsp;1.1 to our Current Report on
Form&nbsp;8-K dated October&nbsp;28, 2011 and is incorporated by reference in this prospectus supplement. The sales of our common stock, if any, under the sales agreement may be made
by any method permitted by law deemed to be an "at the market offering" as defined in Rule&nbsp;415 under the Securities Act, including sales made directly on The NASDAQ Capital Market, on any other
existing trading market for our common stock or to or through a market maker. With our consent, BTIG may also sell our common stock by any other method permitted by law, including in privately
negotiated transactions. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
time that we wish to issue and sell shares of our common stock under the sales agreement, we will provide BTIG with a placement notice describing the amount of shares to be sold or
the gross proceeds to be raised in a given time period, the time period during which sales are requested to be made, any limitation on the amount of shares of common stock that may be sold in any
single day, any minimum price below which sales may not be made or any minimum price requested for sales in a given time period and any other instructions relevant to such requested sales. Upon
receipt of a placement notice, BTIG, as our sales agent, will use commercially reasonable efforts, consistent with its
normal trading and sales practices and applicable state and federal laws, rules and regulations and the rules of NASDAQ, to sell shares of our common stock under the terms and subject to the
conditions of the placement notice and the sales agreement. We or BTIG may suspend the offering of common stock pursuant to a placement notice upon proper notice and subject to other conditions. BTIG,
in its sole discretion, may decline to accept any placement notice. During the term of the sales agreement, BTIG will not engage in any market making, bidding, stabilization or other trading activity
with regard to our common stock if such activity would be prohibited under Regulation&nbsp;M or other anti-manipulation rules under the Securities Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTIG
will provide written confirmation to us no later than the opening of the trading day on The NASDAQ Capital Market following the trading day on which shares of our common stock are
sold through BTIG under the sales agreement. Each confirmation will include the number of shares sold on the preceding day, the net proceeds to us and the commissions payable by us to BTIG in
connection with the sales. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will pay BTIG commissions for its services in acting as agent in the sale of our common stock pursuant to the sales agreement. BTIG will be entitled to compensation at a fixed
commission rate of 3.0% of the gross proceeds from the sale of our common stock pursuant to the sales agreement. Because there are no minimum sale requirements as a condition to this offering, the
actual total public offering price, commissions and net proceeds to us, if any, are not determinable at this time. We estimate that the total expenses for this offering, excluding compensation payable
to BTIG and certain expenses reimbursable to BTIG under the terms of the sales agreement, will be approximately $100,000. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement
for sales of common stock will occur on the third trading day following the date on which any sales are made (or on such other date as is industry practice for
regular-way trading), unless otherwise specified in the applicable placement notice, in return for payment of the net proceeds to us. There are no arrangements to place any of the proceeds
of this offering in an escrow, trust or similar account. Sales of our common stock as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company
or by such other means as we and BTIG may agree upon. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the sale of the common stock on our behalf, BTIG may, and will with respect to sales effected in an "at the market offering," be deemed to be an "underwriter" within
the meaning </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-12</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=16,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=689306,FOLIO='S-12',FILE='DISK131:[11ZDO1.11ZDO74201]DG74201A.;16',USER='SCAVALI',CD='31-OCT-2011;09:41' -->
<A NAME="page_dg74201_1_13"> </A>


<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2>of
the Securities Act, and the compensation of BTIG may be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to BTIG against certain civil
liabilities, including liabilities under the Securities Act. We also have agreed to reimburse BTIG for its reasonable out-of-pocket expenses, including the fees and
disbursements of counsel to BTIG, incurred in connection with the offering, up to a maximum amount of $50,000. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
offering pursuant to the sales agreement will terminate upon the earlier of (i)&nbsp;the sale of all shares of common stock subject to the agreement and (ii)&nbsp;termination of
the sales agreement as permitted therein. We may terminate the sales agreement in our sole discretion at any time by giving five days' prior notice to BTIG. BTIG may terminate the sales agreement
under the circumstances specified in the sales agreement and in its sole discretion at any time by giving five days' prior notice to us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTIG
has no relationship with us other than engaging in market making activities involving our common stock and its current role as sales agent for our offering of common stock pursuant
to the sales agreement described above. To the extent required by Regulation&nbsp;M, BTIG will not engage in any market making activities involving our common stock while the offering is ongoing
under this prospectus supplement. BTIG and its affiliates may in the future provide various investment banking and other financial services for us and our affiliates, for which services they may in
the future receive customary fees. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dg74201_legal_matters"> </A>
<A NAME="toc_dg74201_2"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="LM1"></A>LEGAL MATTERS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the common stock offered by this prospectus supplement will be passed upon for us by Baker&nbsp;&amp;
Hostetler&nbsp;LLP, Denver, Colorado. Greenberg Traurig,&nbsp;LLP, New York, New York, is acting as counsel for BTIG in connection with certain legal matters related to this offering. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dg74201_experts"> </A>
<A NAME="toc_dg74201_3"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="EE1"></A>EXPERTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements of Uranium Resources,&nbsp;Inc. as of December&nbsp;31, 2010 and 2009 and for each of the
three years ended December&nbsp;31, 2010 included in Uranium Resources,&nbsp;Inc.'s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2010, and the effectiveness
of Uranium Resources,&nbsp;Inc.'s internal controls over financial reporting as of December&nbsp;31, 2009 have been audited by Hein&nbsp;&amp; Associates&nbsp;LLP, independent registered public
accounting firm, as set forth in their reports thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance
upon such reports given on the authority of such firm as experts in accounting and auditing. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information regarding our uranium mineralized materials in New Mexico incorporated by reference in this prospectus is included in reliance on the report submitted by Behre
Dolbear&nbsp;&amp; Company (USA), an independent private engineering firm, and has been included herein in reliance on the authority of such firm as experts in geology and engineering. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dg74201_where_you_can_find_more_information"> </A>
<A NAME="toc_dg74201_4"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="WYCF1"></A>WHERE YOU CAN FIND MORE INFORMATION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read, without charge, and
copy the documents we file at the SEC's public reference rooms in Washington, D.C., New York, New York and Chicago, Illinois. You can request copies of these documents by writing to the SEC and paying
a fee for the copying cost. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. Our SEC filings are also available to the
public at no cost from the SEC's website at http://www.sec.gov. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-13</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=17,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=972643,FOLIO='S-13',FILE='DISK131:[11ZDO1.11ZDO74201]DG74201A.;16',USER='SCAVALI',CD='31-OCT-2011;09:41' -->
<A NAME="page_dg74201_1_14"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dg74201_incorporation_of_certain_documents_by_reference"> </A>
<A NAME="toc_dg74201_5"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="ICDR1"></A>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information that we have previously filed with the SEC can be "incorporated by reference" into this prospectus supplement and the
accompanying prospectus. The process of incorporation by reference allows us to disclose important information to you without duplicating that information in this prospectus supplement and the
accompanying prospectus. The information we incorporate by reference is considered a part of this prospectus supplement and the accompanying prospectus. The information in this prospectus supplement
and the accompanying prospectus, including any information that we incorporate by reference, will be updated and superseded automatically by our filings with the SEC after the date of this prospectus
supplement and the accompanying prospectus and prior to our sale of the common stock covered by this prospectus supplement. We are incorporating by reference the filed information contained in
documents listed below: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our
Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2010;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our
Quarterly Reports on Form&nbsp;10-Q for the quarters ended March&nbsp;31, 2011 and June&nbsp;30, 2011;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our
Proxy Statement, as filed with the SEC on April&nbsp;29, 2011 (solely to the extent specifically incorporated by reference into our Annual report on
Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2010);
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our
Current Reports on Form&nbsp;8-K, as filed with the SEC on May&nbsp;13, 2011, June&nbsp;9, 2011 and October&nbsp;31, 2011; and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(e)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
description of capital stock contained in our Form&nbsp;8-A filed on April&nbsp;11, 2007, including any amendments or reports filed for
the purpose of updating the description. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are also incorporating by reference any filed information in filings we make with the SEC pursuant to Sections&nbsp;13(a), 13(c), 14, or 15(d) of the Exchange Act after the date of
this prospectus supplement and prior to our sale of the common stock covered by this prospectus supplement, except in each case for information contained in any such filing where we indicate that such
information is being furnished and is not to be considered "filed" under the Exchange Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will furnish without charge to each person (including any beneficial owner) to whom a prospectus supplement is delivered, upon written or oral request, a copy of any or all of the
foregoing documents incorporated herein by reference (other than certain exhibits). You may request and obtain a copy of these filings, at no cost, by writing or telephoning us at the following
address or phone number: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>


<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->


 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="50%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="50%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>Uranium Resources,&nbsp;Inc.<BR>
405 State Highway Bypass 121,<BR>
Building A, Suite&nbsp;110<BR>
Lewisville, Texas 75067<BR>
Attn: Thomas H. Ehrlich<BR>
(972)&nbsp;219-3330</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>S-14</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=18,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=79151,FOLIO='S-14',FILE='DISK131:[11ZDO1.11ZDO74201]DG74201A.;16',USER='SCAVALI',CD='31-OCT-2011;09:41' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B>PROSPECTUS  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>$50,000,000.00  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B> Common Stock<BR>
Warrants<BR>
Units  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=5><B>Uranium Resources,&nbsp;Inc.  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may offer and sell, from time to time, in one or more offerings, together or separately, in one or more series or classes, any combination of
the securities described in this prospectus. The aggregate initial offering price of the securities that we offer will not exceed $50,000,000.00. This prospectus describes some of the general terms
that may apply to these securities and the general manner in which they may be offered. Each time we sell securities, we will provide a prospectus supplement that will contain a description of the
specific terms of the securities being offered and specific information about that offering. This prospectus may not be used to offer or sell our securities without a prospectus supplement describing
the method and terms of the offering. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
common stock, $0.001 par value per share ("Common Stock"), is currently traded on the NASDAQ Capital Market under the symbol "URRE." On June&nbsp;8, 2011, the last reported sale
price of our Common Stock was $1.65. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
may sell our securities on a continuous or delayed basis directly, through agents or underwriters as designated from time to time, or through a combination of these methods. For
additional information on the method of sale, you should refer to the section of this prospectus entitled "Plan of Distribution" on page&nbsp;16. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=3><B>Investing in our securities involves a high degree of risk. See, "Risk Factors" beginning on page&nbsp;5 of this
prospectus.</B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or
complete. Any representation to the contrary is a criminal offense. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>The
date of this prospectus is June 10, 2011. </FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=19,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=805249,FOLIO='blank',FILE='DISK132:[11ZDO2.11ZDO74202]BC74202A.;14',USER='SCAVALI',CD='31-OCT-2011;09:10' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_bi74202_1_2"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bi74202_disclosure_regarding_forward-looking_statements"> </A>
<A NAME="toc_bi74202_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="D2"></A>DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus and the documents we have incorporated by reference contain forward-looking statements within the meaning of the
federal securities laws. Forward-looking statements convey our current expectations or forecasts of future events. We intend such forward-looking statements to be covered by the safe harbor provisions
for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward-looking
statements are generally identifiable by use of the words "estimate," "project," "believe," "intend," "plan," "anticipate," "expect" and similar expressions. These
forward-looking statements include management's expectations regarding our liquidity and burn rate, reserves and mineralized uranium material, timing of receipt of mining permits, production capacity
of mining operations planned for properties in South Texas and New Mexico dates for commencement of production at such properties and plans for the consolidation of the uranium mineral interests in
the New Mexico uranium district. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Actual results could differ materially from those in
forward-looking statements because of, among other reasons, the factors described below and in the periodic reports that we file with the SEC from time to time, including
Forms&nbsp;10-K, 10-Q and 8-K and any amendments thereto. The forward-looking statements are not
guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key
factors that could cause actual results to be different than expected or anticipated include, but are not limited to: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the price of uranium;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>weather conditions;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>operating conditions at our mining projects;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>government regulation of the mining industry and the nuclear power industry;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the world-wide supply and demand of uranium;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>availability of capital;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>timely receipt of mining and other permits from regulatory agencies; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the risks set forth herein under the caption "Risk Factors." </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
light of these risks, uncertainties and assumptions, you are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this prospectus or
as of the date of any document incorporated by reference in this prospectus, as applicable. When considering forward-looking statements, you should keep in mind the cautionary statements in this
prospectus and the documents incorporated by reference. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in or incorporated by
reference in this prospectus might not occur. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=20,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=155557,FOLIO='2',FILE='DISK132:[11ZDO2.11ZDO74202]BI74202A.;8',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_bi74202_1_3"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bi74202_about_this_prospectus"> </A>
<A NAME="toc_bi74202_2"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="About2"></A>ABOUT THIS PROSPECTUS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, which we refer to as the
"SEC," utilizing a "shelf" registration process. Under this shelf registration process, we may offer and sell the securities described in this prospectus in one or more offerings. This prospectus only
provides you with a general description of the securities that we may offer. Each time we offer our securities, we will provide a prospectus supplement and attach it to this prospectus. The prospectus
supplement will contain specific information about the terms of the offering. The prospectus supplement may also add, update or change information contained in this prospectus. You should read both
this prospectus and any prospectus supplement together with additional information you may need to make your investment decision. You should also read and carefully consider the information in the
documents we have referred you to under the heading "Where You Can Find More Information" and "Incorporation of Certain Documents by Reference." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
should rely only on the information contained or incorporated by reference in this prospectus and any prospectus supplement. We are not making offers to sell the securities in any
jurisdiction in which an offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make an offer
or solicitation. No dealer, salesperson or other person has been authorized to give any information or to make any representations other than those contained in or incorporated by reference into this
prospectus in connection with the offer contained in this prospectus and, if given or made, such information or representations must not be relied upon as having been authorized by us. Neither the
delivery of this prospectus nor any sale made hereunder shall under any circumstances create an implication that there has been no change in our affairs since the date hereof. We are offering to sell,
and seeking offers to buy, our securities only in jurisdictions where such offers and sales are permitted. The information
contained in, and incorporated by reference into, this prospectus speaks only as of the date of this prospectus unless the information specifically indicates that another date applies. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=21,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=230900,FOLIO='3',FILE='DISK132:[11ZDO2.11ZDO74202]BI74202A.;8',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ca74202_1_4"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca74202_summary"> </A>
<A NAME="toc_ca74202_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="SU2"></A>SUMMARY    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>The SEC allows us to "incorporate by reference" certain information that we file with it, which means that we
can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this prospectus, and information that we file later
with the SEC will update automatically, supplement and/or supersede this information. Any statement contained in a document incorporated or deemed to be incorporated by reference in this prospectus
shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in this prospectus or in any other document which also is or is deemed to be
incorporated by reference in this prospectus modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this prospectus. You should read the detailed information regarding our Company, our Common Stock and our financial statements and notes to those statements appearing elsewhere in this
prospectus or incorporated herein by reference. References in this prospectus to "the Company," "our Company," "we," "our," and "us" refer to Uranium Resources,&nbsp;Inc.</I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uranium
Resources,&nbsp;Inc. is a uranium exploration, mine development and production company. We were organized in 1977 to acquire and develop uranium mines in South Texas using the
in-situ recovery mining process (ISR). Since its founding, the Company has produced over 8&nbsp;million pounds U3O8 from five Texas projects, two of which have been fully restored and
returned to the land owners. The Company currently has two fully licensed ISR processing facilities in Texas: Kingsville Dome and Rosita. Since 1986, the Company has built a significant asset base in
New Mexico that includes 101.4&nbsp;million pounds U3O8 of in-place mineralized uranium material on 183,000 acres of uranium mineral holdings. We have also been issued a Nuclear
Regulatory Commission (NRC) license to build a 3&nbsp;million pound U3O8 per year ISR processing facility at Crownpoint, New Mexico. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
principal executive offices are located at 405 State Highway Bypass 121, Building A, Suite&nbsp;110 Lewisville, Texas, and our telephone number is
(972)&nbsp;219-3330. As of May&nbsp;31, 2011 we had 42 employees. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca74202_offering"> </A>
<A NAME="toc_ca74202_2"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Offer2"></A>OFFERING    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>


<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->


 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="187pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>Issuer</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>Uranium Resources,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Securities We May Offer</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>Common Stock, Warrants and Units. A prospectus supplement will describe the specific types, amounts, prices and detailed terms of any of these offered securities. See "Description of Securities We May
Offer."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Use of Proceeds</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>Unless we specify otherwise in a prospectus supplement, we intend to use the net proceeds from our sale of the securities under this prospectus for general corporate purposes, which may include making
additions to our working capital, funding future acquisitions, or for any other purpose we describe in the applicable prospectus supplement. See "Use of Proceeds."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2>Listing of Common Stock</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>The Company's Common Stock is listed on the NASDAQ Capital Market under the symbol "URRE."</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=22,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=437338,FOLIO='4',FILE='DISK132:[11ZDO2.11ZDO74202]CA74202A.;11',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_da74202_1_5"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da74202_risk_factors"> </A>
<A NAME="toc_da74202_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="RF2"></A>RISK FACTORS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should carefully consider the general discussion of risk factors set forth in the material set forth under the caption
"Item&nbsp;1A. Risk Factors" in our Form&nbsp;10-K, and any amendments thereto, before making your investment decision, as well as those contained in any filing with the Commission
subsequent to the date of this prospectus. Those risks are not the only risks we face. Additional risks that we do not yet know of or that we currently judge to be immaterial may also impair our
business operations. If any of the events or circumstances described in the aforementioned risks or other material actually occurs, our business, financial condition or results of operations could be
materially adversely affected. In such case, the trading price of our Common Stock could decline, and you may lose all or part of your investment. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
factors identified below are important factors (but not necessarily all of the important factors) that could cause actual results to differ materially from those expressed in any
forward-looking statement made by, or on behalf of, the Company. Where any such forward-looking statement includes a statement of the assumptions or bases underlying such forward-looking statement, we
caution that, while we believe such assumptions or bases to be reasonable and make them in good faith, assumed facts or bases almost always vary from actual results, and the differences between
assumed facts or bases and actual results can be material, depending upon the circumstances. Where, in any forward-looking statement, the Company, or its management, expresses an expectation or belief
as to
future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation or belief will result, or
be achieved or accomplished. Taking into account the foregoing, the following are identified as important risk factors that could cause actual results to differ materially from those expressed in any
forward-looking statement made by, or on behalf of, the Company. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="da74202_general_risks_and_uncertainties"> </A>
<A NAME="toc_da74202_2"> </A>
<BR></FONT><FONT SIZE=2><B>  General Risks and Uncertainties    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Operations history  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has not had any operating mines in Texas since 2009, and does not plan to return to production until uranium prices
recover. In New Mexico, the Churchrock project is currently being delayed due to depressed uranium prices. In South Texas, our Vasquez project was mined out in 2008 and is now being restored. Rosita
production was shut-in in October 2008 due to depressed pricing and technical challenges in the first new wellfield that made mining uneconomical. The decline in uranium prices throughout
2008 also led to a decision in October 2008 to defer new wellfield development at Rosita and Kingsville Dome. Production continued in two existing wellfields at Kingsville Dome and was completed in
July 2009. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are not producing uranium at this time, nor do we expect to begin production in the near future unless uranium prices recover to a profitable level. As a result, we
currently have no sources of operating cash. If we cannot monetize certain existing Company assets, partner with another company that has cash resources, find other means of generating revenue other
than uranium production and/or have the ability to access additional sources of private or public capital we may not be able to remain in business.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not commence production at our existing properties until uranium prices recover to a profitable level. Until uranium prices
recover we will have no way to generate cash inflows unless we monetize certain Company assets or find other means to generate cash. In addition, our Vasquez project has been depleted of its
economically recoverable reserves and our Rosita and Kingsville Dome projects have limited identified economically recoverable reserves. Our future uranium production, cash flow and income are
dependent upon the results of exploration at the Los Finados property as well as our ability to bring on new, as yet unidentified wellfields and to acquire and develop additional </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=23,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=362285,FOLIO='5',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_da74202_1_6"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2>reserves.
We can provide no assurance that our properties will be placed into production or that we will be able to continue to find, develop, acquire and finance additional reserves. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our ability to function as an operating mining company will be dependent on our ability to mine our properties at a profit sufficient to finance further mining activities
and for the acquisition and development of additional properties. The volatility of uranium prices makes long-range planning uncertain and raising capital difficult.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to ceasing all production, we have deferred activities for delineation and development of new wellfields at all of our
South Texas projects except for the Los Finados project. This decision limits our ability to be immediately ready to begin production should uranium prices improve suddenly. Our ability to operate on
a positive cash flow basis will be dependent on mining sufficient quantities of uranium at a profit sufficient to finance our operations and for the acquisition and development of additional mining
properties. Any profit will necessarily be dependent upon, and affected by, the long and short term market prices of uranium, which are subject to significant fluctuation. Uranium prices have been and
will continue to be affected by numerous factors beyond our control. These factors include the demand for nuclear power, political and economic conditions in uranium producing and consuming countries,
uranium supply from secondary sources and uranium production levels and costs of production. A significant, sustained drop in uranium prices may make it impossible to operate our business at a level
that will permit us to cover our fixed costs or to remain in operation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We may need to obtain additional financing in order to implement our business plan, and the inability to obtain it could cause our business plan to fail.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of May&nbsp;31, 2011, we had approximately $9.6&nbsp;million in cash. We may require additional financing in order to complete
our plan of operations. We may not be able to obtain all of the financing we require. Our ability to obtain additional financing is subject to a number of factors, including the market price of
uranium, market conditions, investor acceptance of our business plan, and investor sentiment. These factors may make the timing, amount, terms and conditions of additional financing unattractive or
unavailable to us. In recognition of current economic conditions and the shut-down of production, we have significantly reduced our spending, delayed or cancelled planned activities and
substantially changed our current corporate structure. However, these actions may not be sufficient to offset the detrimental effects of the weak economy and cessation of production, which could
result in material adverse effects on our business, revenues, operating results and prospects. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exploration and development of uranium properties are risky and subject to great uncertainties.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exploration for and development of uranium deposits involves significant risks. It is impossible to ensure that the current and
future exploration programs and/or feasibility studies on our existing properties will establish reserves. Whether a uranium ore body will be commercially viable depends on a number of factors,
including, but not limited to: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; uranium prices, which cannot be predicted and which have been highly
volatile in the past; mining, processing and transportation costs; perceived levels of political risk and the willingness of lenders and investors to provide project financing; labor costs and
possible labor strikes; and governmental regulations, including, without limitation, regulations relating to prices, taxes, royalties, land tenure, land use, importing and exporting materials, foreign
exchange, environmental protection, employment, worker safety, transportation, and reclamation and closure obligations. Most exploration projects do not result in the discovery of commercially
mineable deposits of uranium and there can be no assurance that any of our exploration stage properties will be commercially mineable or can be brought into production. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=24,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=862862,FOLIO='6',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_da74202_1_7"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Potential impact on the uranium markets of the developments at the Fukushima Daiichi Nuclear Power Plant in Japan.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The developments at the Fukushima Daiichi Nuclear Power Plant following the earthquake and tsunami that struck parts of Japan have
created heightened concerns regarding the safety of nuclear power plants and the ability to safeguard the material used to fuel nuclear power plants. The potential impact on the perception of the
safety of nuclear power resulting from this event may cause increased volatility of uranium prices in the near to mid-term as well as uncertainty involving the continued use and expansion
of nuclear power in certain countries. A reduction in the current or the future generation of electricity from nuclear power could result in a reduced requirement for uranium to fuel nuclear power
plants which may negatively impact the Company in the future. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The only market for uranium is nuclear power plants world-wide, and there are a limited number of customers.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are dependent on a limited number of electric utilities that buy uranium for nuclear power plants. Because of the limited market for
uranium, a reduction in purchases of newly produced uranium by electric utilities for any reason (such as plant closings) would adversely affect the viability of our business. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The price of alternative energy sources affects the demand for and price of uranium.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The attractiveness of uranium as an alternative fuel to generate electricity may to some degree be dependent on the relative prices of
oil, gas, coal, and hydro-electricity and the possibility of developing other low cost sources for energy. If the price of alternative energy sources decrease or new low-cost alternative
energy sources are developed, the demand for uranium could decrease, which may result in the decrease in the price of uranium. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Public acceptance of nuclear energy is uncertain.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintaining the demand for uranium at current levels and future growth in demand will depend upon acceptance of nuclear technology as a
means of generating electricity. The developments at the Fukushima Daiichi Nuclear Power Plant may affect public acceptance of nuclear
technology. Lack of public acceptance of nuclear technology would adversely affect the demand for nuclear power and potentially increase the regulation of the nuclear power industry. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We may not be able to mine a substantial portion of our uranium in New Mexico until a mill is built in New Mexico.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A substantial portion of our uranium in New Mexico lends itself most readily to conventional mining methods and may not be able to be
mined unless a mill is built in New Mexico. We have no immediate plans to build, nor are we aware of any third party's plan to build, a mill in New Mexico and there can be no guaranty that a mill will
be built. In the event that a mill is not built a substantial portion of our uranium may not be able to be mined. Our inability to mine all or a portion of our uranium in New Mexico would have a
material adverse effect on future operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We do not have a committed source of financing for the development of our New Mexico Properties, including the Churchrock Property, which is the property we expect to
develop first in New Mexico.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With the election by Itochu to terminate the Churchrock Joint Venture we do not have a committed source of financing for the
development of our Churchrock property. There can be no assurance that we will be able to obtain financing for this project or our other New Mexico projects. Our inability to develop the New Mexico
properties would have a material adverse effect on our future operations. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=25,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=322306,FOLIO='7',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_da74202_1_8"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Navajo Nation ban on uranium mining in Indian Country encompasses approximately </I></B></FONT><FONT SIZE=2><B>49%</B></FONT><FONT SIZE=2><B><I> of our in place mineralized uranium
material on our properties in New Mexico and will adversely affect our ability to mine unless the ban is overturned.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April 2005, the Navajo Nation Council passed the Din&eacute; Natural Resources Protection Act of 2005 prohibiting uranium
mining and processing on any sites within Indian Country as defined under 18 U.S.C. &sect;&nbsp;1151. We believe that the ban is beyond the jurisdiction of the Navajo Nation. However, the ban
may prevent us from developing and operating our properties located in Indian Country. While the United States Court of Appeals for the Tenth Circuit held, en banc, that the Company's Section&nbsp;8
property in Churchrock, New Mexico is not Indian Country, approximately 49% of our in place mineralized uranium material is located in Indian Country.
The term "Indian Country" is derived from jurisdictional determinations in criminal law enforcement proceedings under 18 U.S.C. &sect;&nbsp;1151 and understood to encompass territory situated
within Indian reservations, land owned by Indian allottees and land within a dependent Indian community. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because we are not currently producing uranium we have limited liquidity.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We had $15.4&nbsp;million in cash at year-end 2010 and had approximately $9.6&nbsp;million at the end of May 2011. In
early 2010 the Company adopted a new strategic plan which emphasized cash preservation and maintaining liquidity to allow the Company to be in a position to resume uranium production when sustained
prices support such activity. As part of this plan the Company completed financings that we believe will provide sufficient working capital for the Company to maintain its liquidity into 2012. The
Company expects to raise additional capital in 2011 through a financing transaction, the monetization of certain assets in Texas, or other means. Absent the ability to complete one or more of these
actions the Company could need to implement significant cost cutting measures designed to maintain the Company's liquidity. While the Company believes it will be successful in its capital raising
efforts, there can be no assurance that such activities will result in the raising of sufficient funds to allow the Company to continue operations beyond 2011. However, we do project that with the
cash on hand at May&nbsp;31, 2011 we will be able to maintain our liquidity through April 2012. At such time, additional sources of cash will be required to maintain our liquidity. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our operations are subject to environmental risks.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are required to comply with environmental protection laws and regulations and permitting requirements, and we anticipate that we
will be required to continue to do so in the future. We have expended significant resources, both financial and managerial, to comply with environmental protection laws, regulations and permitting
requirements and we anticipate that we will be required to continue to do so in the future. The material laws and regulations within the U.S. that the Company must comply with include the Atomic
Energy Act, Uranium Mill Tailings Radiation Control Act of 1978, or UMTRCA, Clean Air Act, Clean Water Act, Safe Drinking Water Act, Federal Land Policy Management Act, National Park System Mining
Regulations Act, and the State Mined Land Reclamation Acts or State Department of Environmental Quality regulations, as applicable. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are required to comply with the Atomic Energy Act, as amended by UMTRCA, by applying for and maintaining an operating license from the NRC and the state of Texas. Uranium operations
must conform to the terms of such licenses, which include provisions for protection of human health and the environment from endangerment due to radioactive materials. The licenses encompass
protective measures consistent with the Clean Air Act and the Clean Water Act. We intend to utilize specific employees and consultants in order to comply with and maintain our compliance with the
above laws and regulations. Mining operations may be subject to other laws administered by the federal Environmental Protection Agency and other agencies. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=26,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=1043984,FOLIO='8',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_da74202_1_9"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
uranium industry is subject not only to the worker health and safety and environmental risks associated with all mining businesses, but also to additional risks uniquely associated
with uranium mining and milling. The possibility of more stringent regulations exists in the areas of worker health and safety, storage of hazardous materials, standards for heavy equipment used in
mining or milling, the disposition of wastes, the decommissioning and reclamation of exploration, mining and in-situ sites, climate change and other environmental matters, each of which
could have a material adverse effect on the cost or the viability of a particular project. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
cannot predict what environmental legislation, regulation or policy will be enacted or adopted in the future or how future laws and regulations will be administered or interpreted.
The recent trend in environmental legislation and regulation, generally, is toward stricter standards, and this trend is likely to continue in the future. This recent trend includes, without
limitation, laws and regulations relating to air and water quality, mine reclamation, waste handling and disposal, the protection of certain species and the preservation of certain lands. These
regulations may require the acquisition of permits or other authorizations for certain activities. These laws and regulations may also limit or prohibit activities on certain lands. Compliance with
more stringent laws and regulations, as well as potentially more vigorous enforcement policies or stricter interpretation of existing laws, may necessitate significant capital outlays, may materially
affect our results of operations and business or may cause material changes or delays in our intended activities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
operations may require additional analysis in the future including environmental, cultural and social impact and other related studies. Certain activities require the submission and
approval of environmental impact assessments. Environmental assessments of proposed projects carry a heightened degree of responsibility for companies and directors, officers, and employees. We cannot
provide assurance that we will be able to obtain or maintain all necessary permits that may be required to continue our operation or our exploration of our properties or, if feasible, to commence
development, construction or operation of mining facilities at such properties on terms which enable operations to be conducted at economically justifiable costs. If we are unable to obtain or
maintain permits or water rights for development of our properties or otherwise fail to manage adequately future environmental issues, our operations could be materially and adversely affected. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because mineral exploration and development activities are inherently risky, we may be exposed to environmental liabilities and other dangers. If we are unable to maintain
adequate insurance, or liabilities exceed the limits of our insurance policies, we may be unable to continue operations.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The business of mineral exploration and extraction involves a high degree of risk. Few properties that are explored are ultimately
developed into production. Unusual or
unexpected formations, formation pressures, fires, power outages, labor disruptions, flooding, explosions, cave-ins, landslides and the inability to obtain suitable or adequate machinery,
equipment or labor are other risks involved in extraction operations and the conduct of exploration programs. Previous mining operations may have caused environmental damage at certain of our
properties. It may be difficult or impossible to assess the extent to which such damage was caused by us or by the activities of previous operators, in which case, any indemnities and exemptions from
liability may be ineffective. If any of our properties are found to have commercial quantities of uranium, we would be subject to additional risks respecting any development and production activities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
we carry liability insurance with respect to our mineral exploration operations, we may become subject to liability for damage to life and property, environmental damage,
cave-ins or hazards against which we cannot insure or against which we may elect not to insure because of cost or other business reasons. In addition, the insurance industry is undergoing
change and premiums are being increased. If we are unable to procure adequate insurance because of cost, unavailability or otherwise, we might be forced to cease operations. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=27,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=901391,FOLIO='9',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_da74202_1_10"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our inability to obtain financial surety would threaten our ability to continue in business.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future bonding requirements to comply with federal and state environmental and remediation requirements and to secure necessary
licenses and approvals will increase significantly when future development and production occurs at our sites in Texas and New Mexico. The amount of the bonding for each producing property is subject
to annual review and revision by regulators. We expect that the issuer of the bonds will require us to provide cash collateral equal to the face amount of the bond to secure the obligation. In the
event we are not able to raise, secure or generate sufficient funds necessary to satisfy these bonding requirements, we will be unable to develop our sites and bring them into production, which
inability will have a material adverse impact on our business and may negatively affect our ability to continue to operate. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Competition from better-capitalized companies affects prices and our ability to acquire properties and personnel.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There is global competition for uranium properties, capital, customers and the employment and retention of qualified personnel. In the
production and marketing of uranium, there are a number of producing entities, some of which are government controlled and all of which are significantly larger and better capitalized than we are.
Many of these organizations also have substantially greater financial, technical, manufacturing and distribution resources than we have. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
uranium production also competes with uranium recovered from the de-enrichment of highly enriched uranium obtained from the dismantlement of United States and Russian
nuclear weapons and imports to the United States of uranium from the former Soviet Union and from the sale of uranium inventory held by the United States Department of Energy. In addition, there are
numerous entities in the market that compete with us for properties and are attempting to become licensed to operate ISR and/or underground mining facilities. If we are unable to successfully compete
for properties, capital, customers or employees or alternative uranium sources, it could have a materially adverse effect on our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because we have limited capital, inherent mining risks pose a significant threat to us compared with our larger competitors.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because we have limited capital, we are unable to withstand significant losses that can result from inherent risks associated with
mining, including environmental hazards, industrial accidents, flooding, interruptions due to weather conditions and other acts of nature which larger competitors could withstand. Such risks could
result in damage to or destruction of our infrastructure and production facilities, as well as to adjacent properties, personal injury, environmental damage and processing and production delays,
causing monetary losses and possible legal liability. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our business could be harmed if we lose the services of our key personnel.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our business and mineral exploration programs depend upon our ability to employ the services of geologists, engineers and other
experts. In operating our business and in order to continue our programs, we compete for the services of professionals with other mineral exploration companies and businesses. In addition, several
entities have expressed an interest in hiring certain of our employees. Our ability to maintain and expand our business and continue our exploration programs may be impaired if we are unable to
continue to employ or engage those parties currently providing services and expertise to us or identify and engage other qualified personnel to do so in their place. To retain key employees, we may
face increased compensation costs, including potential new stock incentive grants and there can be no assurance that the incentive measures we implement will be successful in helping us retain our key
personnel. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=28,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=973144,FOLIO='10',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_da74202_1_11"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Approximately 20% of our Common Stock is controlled by two record owners and management.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approximately 13% of our Common Stock is controlled by two significant stockholders. In addition, our directors and officers are the
beneficial owners of approximately 7% of our Common Stock. This includes, with respect to both groups, shares that may be purchased upon the exercise of outstanding options. Such ownership by the
Company's principal stockholders, executive officers and directors may have the effect of delaying, deferring, preventing or facilitating a sale of the Company or a business combination with a third
party. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The availability for sale of a large amount of shares may depress the market price of our Common Stock.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of May&nbsp;31, 2011, 93,395,030 shares of our Common Stock were outstanding, all of which are registered or otherwise
transferable. In addition, there are warrants outstanding to purchase 988,771 shares of Common Stock at a price of $5.78 per share, and which expire in May 2013. The availability for sale of a large
amount of shares or conversion of the Company's outstanding warrants by any one or several shareholders may depress the market price of our Common Stock and impair our ability to raise additional
capital through the public sale of our Common Stock. We have no arrangement with any of the holders of the foregoing shares or warrants to address the possible effect on the price of our Common Stock
of the sale of their shares by them. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Terms of subsequent financings may adversely impact our stockholders.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to finance our future production plans and working capital needs, we may have to raise funds through the issuance of equity or
debt securities. We currently have no authorized preferred stock. Depending on the type and the terms of any financing we pursue, stockholder's rights and the value of their investment in our Common
Stock could be reduced. For example, if we have to issue secured debt securities, the holders of the debt would have a claim to our assets that would be prior to the rights of stockholders until the
debt is paid. Interest on these debt securities would increase costs and negatively impact operating results. If the issuance of new securities results in diminished rights to holders of our Common
Stock, the market price of our Common Stock could be negatively impacted. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Shareholders could be diluted if we were to use Common Stock to raise capital.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As previously noted, we may need to seek additional capital in the future to satisfy our working capital requirements. This financing
could involve one or more types of securities including Common Stock, convertible debt, preferred stock or warrants to acquire Common Stock. These securities could be issued at or below the then
prevailing market price for our Common Stock. The certificate of incorporation of the Company authorizes us to issue 200,000,000 shares of Common Stock. Any issuance of additional shares of our Common
Stock could be dilutive to existing stockholders and could adversely affect the market price of our Common Stock. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da74202_use_of_proceeds"> </A>
<A NAME="toc_da74202_3"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="UOP2"></A>USE OF PROCEEDS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless we specify otherwise in a prospectus supplement, we intend to use the net proceeds from our sale of the securities under this
prospectus for general corporate purposes, which may include making additions to our working capital, funding future acquisitions, or for any other purpose we describe in the applicable prospectus
supplement. Until we use the proceeds for any purpose, we expect to invest them in interest-bearing securities. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=29,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=112707,FOLIO='11',FILE='DISK132:[11ZDO2.11ZDO74202]DA74202A.;10',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dc74202_1_12"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_description_of_securities_we_may_offer"> </A>
<A NAME="toc_dc74202_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Desc2"></A>DESCRIPTION OF SECURITIES WE MAY OFFER    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus contains summary descriptions of our Common Stock, warrants and units that we may offer from time to time. These
summary descriptions are not meant to be complete descriptions of each security. The particular terms of any security will be described in the accompanying prospectus supplement and other offering
material. The accompanying prospectus supplement may add, update or change the terms and conditions of the securities as described in this prospectus. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of the date of this prospectus, our certificate of incorporation authorizes us to issue 200,000,000 shares of Common Stock, par value $0.001 per share. As of May&nbsp;31, 2011,
there were 93,395,030 shares of our Common Stock issued and outstanding, all of which are fully paid and nonassessable. There are approximately 3,363,563 shares of Common Stock issuable upon exercise
of outstanding stock options and 1,115,144 shares of Common Stock reserved for future issuance under our stock option and restricted stock plans. There are 988,771 shares issuable upon the exercise of
outstanding warrants. Corporate Stock Transfer, Denver, Colorado is the transfer agent and registrar for our Common Stock. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following descriptions do not purport to be complete and are subject to and qualified by our certificate of incorporation and bylaws, which are filed as exhibits to the registration
statement of which this prospectus is a part. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_description_of_common_stock"> </A>
<A NAME="toc_dc74202_2"> </A>
<BR></FONT><FONT SIZE=2><B>  Description of Common Stock    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each share of our Common Stock is entitled to one vote for all purposes and cumulative voting is not permitted in the election of
directors. Accordingly, the holders of more than fifty percent of all of the outstanding shares of our Common Stock can elect all of the directors. Matters to be voted upon by the holders of our
Common Stock require the affirmative vote of a majority of the votes cast at a shareholders meeting at which a quorum is present. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no preemptive, subscription, conversion or redemption rights pertaining to our Common Stock. The absence of preemptive rights could result in a dilution of the interest of
existing shareholders should additional shares of Common Stock be issued. Holders of our Common Stock are entitled to receive such dividends as may be declared by our Board of Directors out of assets
legally available and to share ratably in our assets upon liquidation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_description_of_warrants"> </A>
<A NAME="toc_dc74202_3"> </A>
<BR></FONT><FONT SIZE=2><B>  Description of Warrants    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue warrants for the purchase of our Common Stock. Warrants may be issued independently or together with our Common Stock and
may be attached to or separate from any offered securities. Each series of warrants will be issued under a separate warrant agreement to be entered into between us and a bank or trust company, as
warrant agent. The warrant agent will act solely as our agent in connection with the warrants. The warrant agent will not have any obligation or relationship of agency or trust for or with any holders
or beneficial owners of warrants. This summary of certain provisions of the warrants is not complete. For the terms of a particular series of warrants, you should refer to the prospectus supplement
for that series of warrants and the warrant agreement for that particular series. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
prospectus supplement relating to a particular series of warrants to purchase our Common Stock will describe the terms of the warrants, including the
following: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the title of the warrants;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the offering price for the warrants, if any;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the aggregate number of warrants; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=30,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=880291,FOLIO='12',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_dc74202_1_13"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the designation and terms of the Common Stock that may be purchased upon exercise of the warrants; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if applicable, the designation and terms of the securities with which the warrants are issued and the number of warrants
issued with each security;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if applicable, the date from and after which the warrants and any securities issued with the warrants will be separately
transferable;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the number of shares of Common Stock that may be purchased upon exercise of a warrant and the exercise price for the
warrants;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the dates on which the right to exercise the warrants shall commence and expire;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the currency or currency units in which the offering price, if any, and the exercise price are payable; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if applicable, a discussion of material U.S. federal income tax considerations;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the antidilution provisions of the warrants, if any;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the redemption or call provisions, if any, applicable to the warrants;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any provisions with respect to the holder's right to require us to repurchase the warrants upon a change in control or
similar event; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any additional terms of the warrants, including procedures, and limitations relating to the exchange, exercise and
settlement of the warrants. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders
of equity warrants will not be entitled: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>to vote, consent or receive dividends;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>receive notice as stockholders with respect to any meeting of stockholders for the election of our directors or any other
matter; or  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>exercise any rights as stockholders of the Company. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_description_of_units"> </A>
<A NAME="toc_dc74202_4"> </A>
<BR></FONT><FONT SIZE=2><B>  Description of Units    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue, in one more series, units consisting of Common Stock and/or warrants for the purchase of Common Stock in any combination.
While the terms we have summarized below will apply generally to any units that we may offer under this prospectus, we will describe the particular terms of any series of units in more detail in the
applicable prospectus supplement or free writing prospectus. The terms of any units offered under a prospectus supplement or free writing prospectus may differ from the terms described below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will file as exhibits to the registration statement to which this prospectus relates, or will incorporate by reference from reports that we file with the SEC, the form of unit
agreement that describes the terms of the series of units we are offering, and any supplemental agreements, before the issuance of the related series of units. The following summaries of material
terms and provisions of the units are subject to, and qualified in their entirety by reference to, all the provisions of the unit agreement and any supplemental agreements applicable to a particular
series of units. We urge you to read the applicable prospectus supplement or free writing prospectus related to the particular series of units that we may offer under this prospectus, as well as any
related free writing prospectuses and the complete unit agreement and any supplemental agreements that contain the terms of the units. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=31,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=343170,FOLIO='13',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_dc74202_1_14"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus,
the holder of a unit
will have the rights and obligations of a holder of each included security. The unit agreement under which a unit is issued may provide that the securities
included in the unit may not be held or transferred separately, at any time or at any time before a specified date. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will describe in the applicable prospectus supplement or free writing prospectus the terms of the series of units, including: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the designation and terms of the units, including whether and under what circumstances the securities comprising the units
may be held or transferred separately;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any provisions of the governing unit agreement that differ from those described below; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising
the units. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions described in this section, as well as those described under "Description of Common Stock" and "Description of Warrants," will apply to each unit and to any Common Stock or
warrant included in each unit, respectively. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance in Series.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We may issue units in such amounts and in such distinct series as we determine. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforceability of Rights by Holders of Units.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each unit agent will act solely as our agent under the applicable unit agreement
and will not assume
any obligation or relationship of agency or trust with any holder of any unit. A single bank or trust company may act as unit agent for more than one series of units. A unit agent will have no duty or
responsibility in case of any default by us under the applicable unit agreement or unit, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand
upon us. Any holder of a unit may, without the consent of the related unit agent or the holder of any other unit, enforce by appropriate legal action its rights as holder under any security included
in the unit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We, and any unit agent and any of their agents may treat the registered holder of any unit certificate as an absolute
owner of the units
evidenced by that certificate for any purpose and as the person entitled to exercise the rights attaching to the units so represented, despite any notice to the contrary. See "Legal Ownership of
Securities" below. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_legal_ownership_of_securities"> </A>
<A NAME="toc_dc74202_5"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="Legal2"></A>LEGAL OWNERSHIP OF SECURITIES    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We can issue securities in registered form or in the form of one or more global securities. We describe global securities in greater
detail below. We refer to those persons who have securities registered in their own names on the books that we or any applicable trustee, depositary or warrant agent maintain for this purpose as the
"holders" of those securities. These persons are the legal holders of the securities. We refer to those persons who, indirectly through others, own beneficial interests in securities that are not
registered in their own names, as "indirect holders" of those securities. As we discuss below, indirect holders are not legal holders, and investors in securities issued in book-entry form
or in street name will be indirect holders. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_book-entry_holders"> </A>
<A NAME="toc_dc74202_6"> </A>
<BR></FONT><FONT SIZE=2><B>  Book-Entry Holders    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue securities in book-entry form only, as we will specify in the applicable prospectus supplement. This means
securities may be represented by one or more global securities registered in the name of a financial institution that holds them as depositary on behalf of other financial institutions that
participate in the depositary's book-entry system. These participating institutions, which are </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=32,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=592251,FOLIO='14',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_dc74202_1_15"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<BR>

<P style="font-family:times;"><FONT SIZE=2>referred
to as participants, in turn, hold beneficial interests in the securities on behalf of themselves or their customers. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only
the person in whose name a security is registered is recognized as the holder of that security. Securities issued in global form will be registered in the name of the depositary or
its participants. Consequently, for securities issued in global form, we will recognize only the depositary as the holder of the securities, and we will make all payments on the securities to the
depositary. The depositary
passes along the payments it receives to its participants, which in turn pass the payments along to their customers who are the beneficial owners. The depositary and its participants do so under
agreements they have made with one another or with their customers; they are not obligated to do so under the terms of the securities. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
a result, investors in a book-entry security will not own securities directly. Instead, they will own beneficial interests in a global security, through a bank, broker or
other financial institution that participates in the depositary's book-entry system or holds an interest through a participant. As long as the securities are issued in global form,
investors will be indirect holders, and not holders, of the securities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_street_name_holders_and_legal_holders"> </A>
<A NAME="toc_dc74202_7"> </A>
<BR></FONT><FONT SIZE=2><B>  Street Name Holders and Legal Holders    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may terminate a global security or issue securities in non-global form. In these cases, investors may choose to hold
their securities in their own names or in "street name." Securities held by an investor in street name would be registered in the name of a bank, broker or other financial institution that the
investor chooses, and the investor would hold only a beneficial interest in those securities through an account he or she maintains at that institution. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
securities held in street name, we will recognize only the intermediary banks, brokers and other financial institutions in whose names the securities are registered as the holders of
those securities, and we will make all payments on those securities to them. These institutions pass along the payments they receive to their customers who are the beneficial owners, but only because
they agree to do so in their customer agreements or because they are legally required to do so. Investors who hold securities in street name will be indirect holders, not holders, of those securities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
obligations, as well as the obligations of any applicable trustee and of any third parties employed by us or a trustee, run only to the legal holders of the securities. We do not
have obligations to investors who hold beneficial interests in global securities, in street name or by any other indirect means. This will be the case whether an investor chooses to be an indirect
holder of a security or has no choice because we are issuing the securities only in global form. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
example, once we make a payment or give a notice to the holder, we have no further responsibility for the payment or notice even if that holder is required, under agreements with
depositary participants or customers or by law, to pass it along to the indirect holders but does not do so. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_special_considerations_for_indirect_holders"> </A>
<A NAME="toc_dc74202_8"> </A>
<BR></FONT><FONT SIZE=2><B>  Special Considerations For Indirect Holders    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you hold securities through a bank, broker or other financial institution, either in book-entry form or in street name,
you should check with your own institution to find out: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>how it handles securities payments and notices;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>whether it imposes fees or charges;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>how it would handle a request for the holders' consent, if ever required; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>15</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=33,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=682821,FOLIO='15',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_dc74202_1_16"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>whether and how you can instruct it to send you securities registered in your own name so you can be a holder, if that is
permitted in the future;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>how it would exercise rights under the securities if there were a default or other event triggering the need for holders
to act to protect their interests; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if the securities are in book-entry form, how the depositary's rules and procedures will affect these matters. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_global_securities"> </A>
<A NAME="toc_dc74202_9"> </A>
<BR></FONT><FONT SIZE=2><B>  Global Securities    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A global security is a security that represents one or any other number of individual securities held by a depositary. Generally, all
securities represented by the same global securities will have the same terms. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
security issued in book-entry form will be represented by a global security that we deposit with and register in the name of a financial institution or its nominee that
we select. The financial institution that we select for this purpose is called the depositary. Unless we specify otherwise in the applicable prospectus supplement, The Depository Trust Company, New
York, New York, known as DTC, will be the depositary for all securities issued in book-entry form. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
global security may not be transferred to or registered in the name of anyone other than the depositary, its nominee or a successor depositary, unless special termination situations
arise. We describe those situations below under the section entitled "Special Situations When a Global Security Will Be Terminated" in this prospectus. As a result of these arrangements, the
depositary, or its nominee, will be the sole registered owner and holder of all securities represented by a global security, and investors will be permitted to own only beneficial interests in a
global security. Beneficial interests must be held by means of an account with a broker, bank or other financial institution that in turn has an account with the depositary or with another institution
that does. Thus, an investor whose security is represented by a global security will not be a holder of the security, but only an indirect holder of a beneficial interest in the global security. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the prospectus supplement for a particular security indicates that the security will be issued in global form only, then the security will be represented by a global security at all
times unless and until the global security is terminated. If termination occurs, we may issue the securities through another book-entry clearing system or decide that the securities may no
longer be held through any book-entry clearing system. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_special_considerations_for_global_securities"> </A>
<A NAME="toc_dc74202_10"> </A>
<BR></FONT><FONT SIZE=2><B>  Special Considerations For Global Securities    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The rights of an indirect holder relating to a global security will be governed by the account rules of the investor's financial
institution and of the depositary, as well as general laws relating to securities transfers. We do not recognize an indirect holder as a holder of securities and instead deal only with the depositary
that holds the global security. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
securities are issued only in the form of a global security, an investor should be aware of the following: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>an investor cannot cause the securities to be registered in his or her name, and cannot obtain non-global
certificates for his or her interest in the securities, except in the special situations we describe below;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>an investor will be an indirect holder and must look to his or her own bank or broker for payments on the securities and
protection of his or her legal rights relating to the securities, as we describe above; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=34,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=505050,FOLIO='16',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_dc74202_1_17"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>an investor may not be able to sell interests in the securities to some insurance companies and to other institutions that
are required by law to own their securities in non-book-entry form;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>an investor may not be able to pledge his or her interest in a global security in circumstances where certificates
representing the securities must be delivered to the lender or other beneficiary of the pledge in order for the pledge to be effective;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the depositary's policies, which may change from time to time, will govern payments, transfers, exchanges and other
matters relating to an investor's interest in a global security;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>we and any applicable trustee have no responsibility for any aspect of the depositary's actions or for its records of
ownership interests in a global security, nor do we or any applicable trustee supervise the depositary in any way;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the depositary may, and we understand that DTC will, require that those who purchase and sell interests in a global
security within its book-entry system use immediately available funds, and your broker or bank may require you to do so as well; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>financial institutions that participate in the depositary's book-entry system, and through which an investor
holds its interest in a global security, may also have their own policies affecting payments, notices and other matters relating to the securities. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
may be more than one financial intermediary in the chain of ownership for an investor. We do not monitor and are not responsible for the actions of any of those intermediaries. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_special_situations_whe__dc702485"> </A>
<A NAME="toc_dc74202_11"> </A>
<BR></FONT><FONT SIZE=2><B>  Special Situations When a Global Security Will Be Terminated    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In a few special situations described below, the global security will terminate and interests in it will be exchanged for physical
certificates representing those interests. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors must consult their own banks
or brokers to find out how to have their interests in securities transferred to their own name, so that they will be direct holders. We have described the rights of holders and street name investors
above. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
we provide otherwise in the applicable prospectus supplement, the global security will terminate when the following special situations occur: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if the depositary notifies us that it is unwilling, unable or no longer qualified to continue as depositary for that
global security and we do not appoint another institution to act as depositary within 90&nbsp;days;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if we notify any applicable trustee that we wish to terminate that global security; or  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>if an event of default has occurred with regard to securities represented by that global security and has not been cured
or waived. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
applicable prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series of securities covered by the
applicable prospectus supplement. When a global security terminates, the depositary, and not we or any applicable trustee, is responsible for deciding the names of the institutions that will be the
initial direct holders. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=35,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=398607,FOLIO='17',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<A NAME="page_dc74202_1_18"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc74202_plan_of_distribution"> </A>
<A NAME="toc_dc74202_12"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="PD2"></A>PLAN OF DISTRIBUTION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may, from time to time, sell all or a portion of the securities registered in the registration statement of which this prospectus
forms&nbsp;a part at fixed prices that may be changed, at market prices prevailing at the time of sale, at prices related to such market prices or at negotiated prices. We may offer these securities
at various times in one or more of the following transactions: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>on any national securities exchange, or other market on which our securities may be listed at the time of sale; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>in the over-the-counter market;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>through block trades in which the broker or dealer so engaged will attempt to sell the shares as agent, but may position
and resell a portion of the block as principal to facilitate the transaction;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>through purchases by a broker or dealer as principal and resale by such broker or dealer for its account pursuant to this
prospectus;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>in ordinary brokerage transactions and transactions in which the broker solicits purchasers;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>through options, swaps or derivatives;  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>in privately negotiated transactions; and  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>through a combination of any such methods of sale. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
may sell these securities directly to purchasers or may use brokers, dealers, underwriters or agents to sell these shares upon terms and conditions that will be described in the
applicable prospectus supplement. In effecting sales, brokers and dealers engaged by us may arrange for other brokers or dealers to participate. Brokers or dealers may receive commissions, discounts
or concessions from us or, if any such broker-dealer acts as agent for the purchaser of such shares, from such purchaser in
amounts to be negotiated. Such compensation may, but is not expected to, exceed that which is customary for the types of transactions involved. Broker-dealers may agree to sell a specified number of
shares at a stipulated price per share, and, to the extent such broker-dealer is unable to do so acting as our agent, to purchase as principal any unsold shares at the price required to fulfill the
broker-dealer commitment to us. Broker-dealers who acquire shares as principal may thereafter resell such shares from time to time in transactions, which may involve block transactions and sales to
and through other broker-dealers, including transactions of the nature described above, in the over-the-counter market or otherwise at prices and on terms then prevailing at the time of sale, at
prices then related to the then-current market price or in negotiated transactions. In connection with such resales, broker-dealers may pay to or receive from the purchasers of such shares
commissions as described above. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent that we make sales through one or more underwriters or agents in at-the-market offerings, as defined in Rule&nbsp;415 under the Securities Act of
1933, we will do so pursuant to the terms of an at-the-market offering arrangement between us and the underwriters or agents. If we engage in
at-the-market sales pursuant to any such agreement with underwriters or agents, we will issue and sell our securities through one or more underwriters or agents, which may act
on an agency basis or on a principal basis. During the term of any such agreement, we may sell securities on a daily basis in exchange transactions or otherwise as we agree with the underwriters or
agents. The agreement with the underwriters or agents will provide that any securities sold will be sold at prices related to the then prevailing market prices for our securities. Therefore, exact
figures regarding proceeds that will be raised or commissions to be paid cannot be determined at this time. Pursuant to the terms of such agreement, we also may agree to sell, and the relevant
underwriters or agents may agree to solicit offers to purchase, blocks of our common stock or other securities. The terms of each such agreement will be set forth in more detail in the applicable
prospectus supplement. In the event that any underwriter or agent acts as principal, or broker-dealer acts as underwriter, it may engage in certain transactions that stabilize, maintain, or otherwise
affect the price of our securities. We will describe any such activities in the prospectus supplement relating to the transaction. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=36,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=193060,FOLIO='18',FILE='DISK132:[11ZDO2.11ZDO74202]DC74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:09' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_de74202_1_19"> </A>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


 </FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg74201a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any broker-dealers or agents that participate with us in sales of the shares may be deemed to be "underwriters" within the meaning of the Securities Act of 1933
in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting
commissions or discounts under the Securities Act of 1933. The maximum commission or discount to be received by any member of the Financial Industry Regulatory Authority,&nbsp;Inc., or independent
broker-dealer, will not be greater than 8% of the initial gross proceeds from the sale of any security sold in the offering. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74202_legal_matters"> </A>
<A NAME="toc_de74202_1"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="LM2"></A>LEGAL MATTERS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters in connection with the offering and the validity of the securities offered hereby will be passed upon for us by
Baker&nbsp;&amp; Hostetler&nbsp;LLP, Denver, Colorado. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74202_experts"> </A>
<A NAME="toc_de74202_2"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="EP2"></A>EXPERTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements of Uranium Resources,&nbsp;Inc. as of December&nbsp;31, 2010 and 2009, and for the years then
ended, included in Uranium Resources,&nbsp;Inc.'s Annual Report (Form&nbsp;10-K) for the year ended December&nbsp;31, 2010 have been audited by Hein&nbsp;&amp; Associates&nbsp;LLP,
independent registered public accounting firm, as set forth in their reports thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated
herein by reference in reliance upon such reports given on the authority of such firm as experts in accounting and auditing. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information regarding our uranium mineralized materials in New Mexico incorporated by reference in this prospectus is included in reliance on the report submitted by Behre
Dolbear&nbsp;&amp; Company (USA), an independent private engineering firm, and has been included herein in reliance on the authority of such firm as experts in geology and engineering. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74202_where_you_can_find_more_information"> </A>
<A NAME="toc_de74202_3"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="WFMI2"></A>WHERE YOU CAN FIND MORE INFORMATION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any materials
filed by us at the SEC's Public Reference Room at 100&nbsp;F&nbsp;Street N.E., Washington, D.C. 20549. You can obtain information on the operation of the Public Reference Room by calling the SEC
at 1-800-SEC-0330. The SEC maintains an Internet website that contains reports, proxy and information statements and other information regarding issuers, including
us, that file electronically with the SEC. The address for the SEC's website is http://www.sec.gov. We also maintain a website at http://www.uraniumresources.com. Please note that all references to
http://www.uraniumresources.com in this prospectus are inactive textual references only and that the information contained on our website is not incorporated by reference into this prospectus. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de74202_information_incorporated_by_reference"> </A>
<A NAME="toc_de74202_4"> </A>
<BR></FONT><FONT SIZE=2><B>  <A NAME="IIR2"></A>INFORMATION INCORPORATED BY REFERENCE    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We incorporate by reference the filed documents listed below, except as superseded, supplemented or modified by this prospectus, and
any future filings we will make with the SEC under Sections&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2010; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our Quarterly Report on Form&nbsp;10-Q for the quarterly period ended March&nbsp;31, 2011; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our definitive Proxy Statement for our Annual Meeting of Stockholders held on June&nbsp;7, 2011 (solely to the extent
specifically incorporated by reference into our Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2010);  </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our Current Reports on Form&nbsp;8-K filed on May&nbsp;13, 2011 and June&nbsp;9, 2011. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>19</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=37,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=941424,FOLIO='19',FILE='DISK132:[11ZDO2.11ZDO74202]DE74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:16' -->
<A NAME="page_de74202_1_20"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg74201a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
reports and other documents that we file after the date of this prospectus will update, supplement and supersede the information in this prospectus. You may request and obtain a copy
of these filings, at no cost, by writing or telephoning us at the following address or phone number: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Uranium
Resources,&nbsp;Inc.<BR>
405 State Highway Bypass 121,<BR>
Building A, Suite&nbsp;110<BR>
Lewisville, Texas 75067<BR>
Attn: Thomas H. Ehrlich<BR>
(972)&nbsp;219-3330 </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=38,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=241279,FOLIO='20',FILE='DISK132:[11ZDO2.11ZDO74202]DE74202A.;17',USER='SCAVALI',CD='31-OCT-2011;09:16' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>


<!-- COMMAND=ADD_BASECOLOR,"Black" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->





<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=4><B>$15,000,000  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B> Common Stock  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>
<IMG SRC="g532467.jpg" ALT="LOGO" WIDTH="114" HEIGHT="111">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="30%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="30%" ALIGN="CENTER" >


  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> PROSPECTUS SUPPLEMENT<BR>
OCTOBER 28, 2011  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="30%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="30%" ALIGN="CENTER" >


  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>
<IMG SRC="g514561.jpg" ALT="LOGO" WIDTH="130" HEIGHT="34">
  </B></FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=39,EFW="2206073",CP="URANIUM RESOURCES INC.",DN="1",CHK=161245,FOLIO='blank',FILE='DISK131:[11ZDO1.11ZDO74201]HO74201A.;4',USER='SCAVALI',CD='31-OCT-2011;09:53' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g532467.jpg
<DESCRIPTION>G532467.JPG
<TEXT>
begin 644 g532467.jpg
M_]C_X``02D9)1@`!`0$`V0#9``#__@`Q35),3%]'4D%02$E#4SI;55)!3DE5
M35]215-/55)#15-=55))7TM?3$]'3RY%4%/_VP!#``$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0'_P``+"`!O`'(!`1$`_\0`'P```00!!0$`````````````"@`'"`D&
M`0(#!`4+_\0`.!````<!``$"!0(#!P,%`0```0(#!`4&!P@)`!$*$A,4(14Q
M%D%1%Q@B87&!D20EL2,G,C.A-/_:``@!`0``/P`_CTO2]>.\L,%'R<=#/YF*
M92\Q];])BW<BS;2,G]N'S+_IS%9=-V^^@7_$M]HBM](O^)3Y0_/KT'2:R[5P
MDW<"T750630=%227,W542.1)<J*P&15%$YBJ@FJ`IJ"0"*`)#&`:TO[GO<;-
MQ+2<;Y6MMD9!U#O&41!W7EOBN9SZ*E5BE%E-N("IXY0+A)&8*E]_L2:+'HN4
M#JHJJ`H9-PE$_JOLSN;Q59?(;AU3:N.^L><:HT^C-6.`D7G%/3KU\*8N2Q]+
MSBZVO6,5V^WJMTG)V=-J=MRRP3)4O^T0BJJ9DCTY7OXH+J;N_9F_+'A%XF>Z
M;?YNO+RRNC]%*0[%S`1223%I.V)7/XRZQ=-J4+5I*49H#:]!TQ_%.W9D4#U1
M8KQJBNV^J^![XAGR$UF::][>43.XFOSCN-5/CU;E[E-Y\Y00:E354E*+E]'R
MW-62[(H))HMFC2<"2=%<O7;]-<2NG,4&GPH7EVXQL2FK\&]T9F%[9(R387=.
MN>J<Z7J6C4RN%&+!!T6-LM:?'D@`I%8V;LS&*9OG)04?+-B*2"<C^0?B&/(9
MXWM^BN0O/5DMQ;5V5<IL83HES18J*OE;CT5V\2G:'JV>LB9]T#EK+Z28R5MH
M"3B\L#'>R3M_=WIBPJ9W%1MM9OM5K=XI<]$VFGW""B;/5K-`OV\I!V&NSS!"
M4A9N'DFAU&LA%RD<Z;O6#UNH=%RV6353,)3!ZR+TO2]+TO6@C[`(C_+^G[C_
M`)`'\Q']@#^8_CT%%W/XH.L_+7Y<H;MSFSH2O9ESORUK66\_CH,Y<+4A?8.U
M\]S`SNY6'FZ$K$+)PTG%5B^2,A1%7$I<:4\?[%#7M@\02AX$95V:Z4!`/S_4
MP_\`)A$`_<?V`?;^G]/QZI$\R7FYP/Q09JE%'2C]>ZUO\853&^=(N442DG:3
MYRM&M;[HSB-2>/ZKG;1^BN@R$C?]?OLNU5K=00$R4S.UZC;D_P`(7:7E]T>N
M=\^>'3+TRK;XP3>/<25U>0H(5FH2;@'Z$#9H-`QC8G4GS9*-*XI]><+[-9VJ
M:3W2KW"V)%4CTC[;/#WP]I^;YO4<[R>&Y=ON"-Q4YJWCF*.B\BV3`9M+YE$9
M2E6NO,T#3#%XY.LM9ZM=TK+6[D+V24L+%S(/U9,C9\Z=K[US_N]1X0\FIJFW
MU>_J2C/E+LJFQC2GX;V<SB%62:=1E*\N],3'>K6[%\W=V3)$C+52W+)OI?,G
MOZ<M&1+JY,!`0]P_8?4).^^`.</(]SS:.=^CZ<UG("52<OZA;6:*"-WRN[`S
M7;1&AYY-G246A;+#G6$RB0`K%6*.,[KME82L%)/6*M!'PX.O[+R_KO9_@WZ?
MLJ=CO_#%D4NW/UC7^NBK;.?KA*M';D8A!T[7.WK#1>V4>^UJ+.HY>03#49"N
M*+_:5ULW9EI>EZ7I>EZAAY#NA9_ECBWH;<*;&*36A56A*Q&5PY$?N0EMCT*6
MBLTQR+5:E.FLZ0?ZA<:FW<-&@F?.FYE6\>DL]4;HG<#D7GZ%Y1YEP_G6&DUY
MQ'(\XK50D[*\.=>4N%G9LP7NEYFG!TTUGDY>+BYG[=.2"Z1%WTM-/';GW764
M,-3'F:\[?-WC6Y\N!<YT;,=>[`L1)&I91BT!;X"TNZM9E6SI$^@:_$P,JX?5
MJB4U=,7+B,DSQDK=9I)O4H84"JS<U`"7^&7<\ICMGM?DLZ]Y.\FGE#[TTJ7F
MK;"6#'>0G.HYAAKYF^7CXNPLK%+VB"A9J^2,.WBB5)W6:TTJ&*TXC&NT=NG(
M)G7CBSJMYA>S-"_47F?^"OR.GA(]A%R`NM-<XOB\JY)*)*'`C&$T&TQZTHLB
MJDJ5=O$.Y)^U3%!:59QIG2*)LE+YDMQKK=FOI/A4\M<(5=H=9VI0,=R77T6*
MS7Y#2`')5M=9R*C1!(_U6BIXU!_*_(HE'Q2RY/I"TO3GE+\4G5&$6K!N]:!U
MESM1;U$)K2[+I_BOJ'(9/.Y^/?%&`M;#1H_-++6<_O=.F/LINKW5C9RMX26*
MT+^J'.NXC7&.>+'S!9'*Z\OXY]U[4QGJ+2(N-:3G)G7%4N545:=5X^[^NWA*
MAJ#*,=)I47K;/$H]6(O%+GTHV8T5@@UNT&E,O'$B^DR3@,4P^P#^?;W^40$I
MO;W]O?Y3`!O;W#V`?;V'^0^A6?)!#_W2?B%?$-V5!(Q;:&Z]@[_PEK;8OT6Z
MLH\4$C:A2KPZB(B9X,CIM5*F[37*X6;41A$G$K4Y4U"IBB(E*(A["(![A_0?
M;\A_L/X];O2]+UTI*2CH:/>RTL^9QD7&M',A(R,@Y09,6#!D@HY>/7KQR=)L
MT9M&R2KATZ<*IMVR":BRRB:1#G`+3S,>=3&.CK3AO`WC0:2'9'33/MCFR\N8
MNK1C9Y@=]=X+H4?K<3FA+ZM/PZ%S93NAU:HC,S-:*K26D%7K&[6NS+[9L]#-
MML\?WDLZ8R+2.I/.IY+Y3E;E"ATFS:+H''O"#@*M7X"FQS=&<4KUJO2?ZI%W
M"::OD?TR.@Y9GOC^6E#P[.`N1WKX"E@7\-#X<<9Z0V31/*7H^'%K/+D9H%Q@
M^%<#TE530!D`C9!2+/JUY?V5-TRNAZ&W(K78)^NS6C975`MEECX^&0I=:25^
M@>W:MVJ*+=LD1NW;I)H(-T0^D@BBD0$TDD44_E2233(4I"$3(4I2@!2@```>
MN42$']R%'_4H"/\`R(>M`33#]B$#_0H!_P"`#UM.BFH`E4+\Y3?_`"(<1.0P
M?T,F81(8/Q^PE$`'\A^?53/DR\.W(OD:P'1Z!8LGR^B[?*P/U<LZ,@:#6XK2
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M`(]CTO6*7J\T[,J9:M$T&S0E,HU'K\O:[?;;+(MHBOUJMP#%:2FIR:E'ATVL
M?&1C!NN[>NUSE3113,81$?E*(:%SU3L;XG+:;'CW.$]H7*?A2S&W'@-7WMJR
M=5O1^Q9*'6(=]6*HUE4&K@89R`&*RJ#E!Y7*8P<Q]PV)G,6Q]6,UB[(])X*Y
M>\?6G>%O$^4\;KN<THOD-G7EHGV\>$M>+K88[AKJ\C*<OVA2"2UBL4P[*I(+
M`1X^2CDDTA;1$7'1L>V9-8D>>2VZ%Y(^S.3/`WS[/O(J+O#V"Z3[NN$69(Z=
M#Q"JNT9&MPTD59),BCQ)HFXNZ$,HZ0_4K9)8XS,<J4HH=,JK(\IH.%Y?G^-Y
M;7&-0SC+Z?7J)2*S&D^1G"5BKQC:(AV"8B)CK*),VJ0NG:QU'+UV9=ZZ55<N
M%53N)Z7I>EZ7H>WRMQ<OP%TI@?F9RN$DG-7ISFN<Q^1NMP@.G"%OX^O=B:-*
MUKCN!:&2)(6_G>_NXR3C)=/_`*]2O3!8R5<IU>,=BW:3XA)QF>[(^%_#I1G4
M]0I/1/EAY@FW5<4<-9V&T7)(^"GFML53C4CK-+#3):`T2)3F'A55601<RQ(8
MRB4D0P26_N^=%>)1ZM=..6V@],^/)!X[E-%X1?/W-RV?F6!54!:6NO#EGFG:
MDW=J-`LDSRDIR9:7[Q\X2;/U,<L'Z]*I5D]PV*[5EG166TG:L4N\'HN7:)"(
M6"H7"O+J+1TK'K'415341<)-W\7+1CU%S%3U?F&C">KDXRD(*>C8Z7CWC)!T
M?0:WGSVS7O()WQRCX">>+%+52JZPZJNN]I7*!4#[QCF[;[ZWM*T^$I_I)1E2
MH]??Z:_AY5,&EGM<GEK`%`(V.W?EGX1A^8<UX[F^#8Q5&%(R[**E$4JDUB.)
M[(QD)#H`DB+E<?F6D)5^L*\G.S#Q1>1FYM[(2\DX</GKA8]2'G3U"G\\YMP1
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MBVHP3>SYQJ]'L^>7JONA,5*7J=OAW<%/,@5(`JMUE8YZO]J[;B1RT=%1<ME$
MUTDSE`NY%O6B:/Y3O$OXB-R9RCB]>'?H3MY%_H%A5:2@Z5D%$SB%N'),O'B1
ML0&KQG3H"'CQ0,@D1"!9UB3;J(/E%&K'Z"P$#Y"D-_B]BE`1_/N(E`/\7O\`
MN`^X>X"`^X#["`@(>J1NF-$Y_P##9L*W7-LT6(QKC'K+0GE<Z1S0K28DHBM=
M13L'*6&I=+Y/G]3KL[87$[I;&K2=)Z/K5.9*I6%R-%V5>&0E*_HTY.6,T[MO
MD._U&JWNI]*XE*U6ZUN#MM:DQTBKQXR-?LD8UF(9^+"4D64FR%Y'/&S@6DBR
M:/FWU/HNVK=P11(@M7A?JD7OOQ$7G(ZNF&*TE(8[9PQ&GO9)JHL,6E9+HYI9
MW+55PY7%F_)4\`3AD`2`1"'DGK9+[1J?[4YG'H5#XI;8])O^`Y#XQN=*B72=
MT[*E;9IUDIS90%'*&"\GPRVUVP[A,B`.F"UFLE5B&T,^:R48\=)U:Q13!55T
M[`A"!N&M3RS;>-^7=6Q&)C:[DUYP7*YR@5:(^H5A3JVK3(ANRI**2HBHW-2S
M-U:HX:J"*C9S#K(JB*A#F&5/H9SXM:`<3GAMU`[9PU1-$;7SR_,DY.8AW@/-
M!3KJ;=K\I#`9<KB>0=G`WR@#-J[.`B8A2'?+S^1CJ"\"'8,.\%(7D5AN.Q;H
M43"HB+ACJ./,G`I',4ACIBHDI],XD(8Q?E,)2B/L'SM^69CQYW[@WM:8Z;0O
MUW\G%MTC/8G@IOF*^H/M3<6IO7V$?'&;L:Z9Q1QJ+6?48(2S2RMSV.29LR1F
M>D&Q,XL69AW#<7M4)\0-R5#=)N9!YT/%?#X8['[BZEUS.Y=?46MMA4K>::=B
M!0=SI)0JR4^Z(`I.9Q.162.JF<JRAE?K0P@4HB/[``B/^@![C_\`GH'Z'Z4S
M1G\9=96#>N0Z32<Q`O)SJZ-HU]\CS9&V`0NCGDG[T/KHJV<K6#)E(KE!LD6(
M:-VJJ?U$57*YP("!@`P?L8`$/]!#W#U4YY?O$SEWEVYXJV)7[0[-DD_G^B,M
M(H&BUB(968\-+!$2-<FHZ9J<E(Q#*P0TW`RCE$Z))>)?L)-M&2360%%L\CI&
M*F??#-^,>ET*D4Z3K&L6V2J=0K59D+7(ZE.1<A9GL##,HMW87T9#%;1$<\FE
MVJDDY8Q3="-:+.3MV**35-),L,_'*X9<<_$E^6?DZ6_2X:"[4H6?=>9*HK'O
M(]6R246![788>O?.U2:.DVKG3]9,]!LJJW,>A/C-SE69R#9N6T8?E*8?;W]@
M$?;^OL'O[?G\?GT.'Q"R>]=^=7R9]A3+286HG$M,H'CDPD9-^X5C/XJ*(:)T
M6\8Q1C)(,7S2SH-F97'VZJ;V'M:+D'"JBGTVSO>'.>_N\Z;WGXL+`JLR5XZZ
M%G]3YUC7B(I`_P"-^K9-_KF9!%.BI),I5&BWF9O=+DAC$VS6%#]%BA9-BE1*
M:]_U4CYQN'M#\A/C5Z!YSR!RBGKKY&GZ!F4>\DVL1'6.X9C;HFY,JF^D7J9F
M;/\`BAE'2,+&.WB[!@TGG<0[DI!G&H.UR#K=2=O^5'RP\FI^**N>)KHC!]\U
MA/,L^Z<WO:82Q5GGK/8"EV*NS]MNL!9)FLL6_P"GSTK564FS3=3DU(EA%Y&,
MIZ%[FW$0Y7AESCX->D\ZP#R$V7`<QU'.^R?'CY"T=D\?FFW/-YFKSO0="R./
MD6,K7ZH]L43'QV@5#3(6'C9ZM!'E?P$O<F,+`G=MF%FG4UKBN*IKH;JCSM8O
MW;=N0>D>>JC<_$`EG^EIZOBNG4.MY]O\3L)AMN7!8;E58-FNX(8@RU1!<[=_
M9*@O'SR+!'ZCMNT+:]-SL&I4[#\HTK9M#E"0M#R>AVW2+I+*`!BQ]6I$$^LD
M\Z`@B`JG3C8UQ])$@&466,FDF4RARE$`B=RK2,Q\/.5^;&9CD(OH:Y>8>E>4
MV[RTS%N"V9EB=\T:;R.JT/\`5HED!W-.FF<[!VY1M]DQB7%?MKLK%J0?L"/O
MH7QD@REHYC*1KE)['2+1N_8.T!^9!RQ>HD=,W")O8/F26:K)*IF]@]R'*/L'
MKNB/L'N/_P"`(C_P'N(_Z!ZU]#9_$$\6;U/1G/WE*X98N'';7CFG7MTCJ_&Q
MSJ7?ZU@J_P!T^T"@!"-0.XL;F(17EGZ-<:`F]G:=8]'@HP'$[*0J/JTOQR>1
M?`?)=RW4NE<,F2E1=-D8W2,_>NFRUNR?08]FBZL5$M31NH8Y'#41%W`2H$*R
MM-<<QL_'&,B[51;01^'$C$+'X[Y+IYS'?9VOMWJ_KKJJY+KME"2+Z2N.ZVVG
MPRCQXX$R[Y-*KT6'*Q6`WVX-E0*W`WNHLM@/E@.XX3[PX,\N,4DSCLI8RP\'
M=V2";0X&;8!NMA;.,JTJ<<-S)`2'R/53*/GSQ<'+PPRL'$-4U479T/1%"*J:
MZ2:R2B:J:I"J)JI&`Z2A#E`Q%$CE$2G34*('3.41*<@E,41`0'UR^MOR%`??
MV_;V]@$1$`]OP'RE$?E+[!^`]@#UN]@_/\_?]_?\_P#G^7^7[>M/;V_K_P`B
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M]2WZ$;Y!3DHU\A)_V?L-LN;013I94G=D'T@'\B)O<?R/L8P![C^_L'O^`]_V
M#^7KD$`$!`?V'_4!_P`A`0_("`_D!`0$!_("`^A"_*)XLNIN%-3VGRN^%JW(
MYK>;%4K5,]A\G_9,'F?;!63-W\S;M"I%5D/IP*UIC#*R-SE:<88V0-))R]DS
M*7C[')2E2M;S?#5>4WAW9>'>9^):KH['/^E\)S.,HMAQW1'<77)^]2K1V_DY
M6X90X4<DC]`A9QY).I12)AU3W*`^9P6P0"35-"8D"#.J^;LV[#YPV;F36V2D
MAG>UT*<HEC^U,!9"-)*(`>-L,0<P&(C/U6:0C;+`KJ$4(WF8EBJ=,Y"F(:J?
MP>]+Z4OG&H>-SJ^7+_?.\;]C2Q:SJRAD6,ILG/C1-%'G_H*!8KO73Z4@;-2#
M1$%*2I5I!9-\SA9"?>IRMK21/>WZ7I>EZP73]*H^-YU>=8TRR1M.SW-ZG8+Q
M=K5+JBC&5ZK5>+<S,Y+O3E*<XHL8YFNO]-(AUESE(W034753(:C?P\Y39^F-
M5Z$\TV\5"2K.A]G_`&U$Y,I%F9((S.-\%45XDAE[8Z?T4UV-CVY]'ETVUF*=
MRU?L#5V2C5TVDTY0&Z;?H-E9L-V2MR)E2Q]@RK1X1\9$4@6!G+4J=8.A1^LD
MLC]4$'"@I_5153^8`$Z2A/<@BU^"_P`@CPGB#XMY:Y3JT1T1W,G3]+@/[.VC
MN3'*.=X(-WU!O7]7[&T.*%RCDM';U[[6Q15!2<GV/7DEHN)RBFNV$NM9H(D#
MDGEMCS/3K*K8+I*;#O&O6<^E=&[]98]K%V37].=QK.),_0A6:KAA2,\I\&PC
MJ5D>70KA:#SC/X>)@F[F6ESSMBG)8>EZQNXU]K;*G9:L]_\`X[)`35?=`)4C
M@+>;C'<6L`D7351/[D=F#Y5DE$C?LHF<@F*(KG)GA:X'\E'BCX7G]:RQ[F'1
MV>8'7<O-T1CR[7.-TJ>EX<_GLGL2$[-1:+F+NCFF7FG2K-LRO,;.+1JT:5./
M<PZY1%/G1S[XCKQ:-&D;F%MSKS0<R0!5R,ZYH[Q3,NO*U`MDU3(,RVB6F7+V
MX_;D%!%)VM8]@L,BLD"+*MPC#Y&X4_\`>?G`RB`Z0Q3OVEX!T5P3Y0N;@)EV
MT\T]%9[/L,_Z^YHEI]Q&W3('UW@D8M1U+T*1,XLM)M=VI=0:-7S(QFPRDQ7J
M@@D9OR)Y3.$^V,OI^F8ATAE,@:TQL&N_S^?OE2KVGTF?F8T'YZ5=:/)S*$S$
MVB-4(\9KH((O(Z1.P7?P4A*1*C9\M8$DY073*L@H5=(_Y(J@/UTS@`B`B51+
MYR&`!`0$2F'V$!`?80$/7)]0H_R4_P!TE0_\D];%7"**:BRR@(I)%$ZBJWND
MDF0`]Q,=10"D*4`_<QC``?S$/0MWDZ[;Y2[!ZGB/''HG6>$XIQ7ACRF:QY&[
M_=-LI-!+K\L21_7\AX?SUQ+6!@[MQ[)*PJ5RZ'5J+>63K-19Q=9=3$+9U',6
MM8!!>8#$=+AF%=\>/-74'=)&B2=<KTI@^'3.3<WPZT6@9LTBWG1G0#7(\7BX
M&/9-$4VYZA)V\$V/VJ43'/?E*@6.?>M8\D]VX9[`W;I/H>I<:4+-^8=ZTB*Y
MOXLE33NAS#ZM9W99^L0.L]F:;54'XLC.6[&-LM=P?(<X5DG(.6;#39&*?@V5
MD9\/OBT3B/A_X7A650CJE)W/%8;7++]HSB6[ZQ3>L/9&](V>==121!DY.2@)
MN#(@YDSKRS&&;Q<*[43-&_;HW+^EZ7K0P")1`/;W]O</</<`,'Y*/M^/?V$`
M']P]5>>/A-''=<[TXY<.U_\`VJZ;L'1^:LEF(1K0<0[B6DMWC303<J8(J1%=
MWE?H6@"=)TY7%W5#.W2,<E(,6OJT,0`P"!@`0']P$`$!_P!0'\>L#O\`E>9Z
MO".:UJ.>T?2*X\05;/*_?JE7[E".FRQDSJMUXJR1TFQ404.BD<Z)D!3,=),Q
MBB8A1`'CS!^%7D?ASJ2"\D#7B%CT/XZK.`P7:/+^92EYSR2YM5DG$>F?I;$V
M>5V*HJM:A'$;J/;%0WCA.C0,HO(-3IP5?MD?-Y[8[@WP^7ATZ6S>D]#\:;QU
MI`9!?&,I.468P+KBZ,*^G#S+H3O*XDWM<-8K+77%><E6AY>LS+EI9XB12=QE
MO36EFQ_DDI`?#C\R54'(5OMGRM0";LR:CM.%[KMT.FY50`Q6Z[D(VJ-!65;%
M.H5`ZIC?3*H<`#V-ZJV[E\5'#&FWI7QN\4TC:NB.X)R/C7^S;UL77/5&DY?P
M3FMK43?RVQ[4R)J3>@3VPZ$+=T^S+!7$`I)WB9='MTU%1%3CF9I`ASBKP[^/
MKAG-,YI>7<T8[.7>A0K-H\W:\YE1[/MMNL/VIDINUS>@2\*_GFKZ;=.'RX14
M,_8P,(S=_HL&P9Q2"2'JSE!JW;(HMFZ"2+=NFFBW023*F@W11(5-))!$@%20
M233*4B::1")D*4"E*````/Q\3!M$E2O&=8^?:0Z4-L/=.MY%R%E<*Q1</)69
M?:+=(N2M[=NR9N4'2C5S2X&7@EU")NDC.[#'1RK<QI-(0O"Q?,8'%,@RW'*L
MF1&LY/G5)S2NI)I`BFE"42LQ=6C"$2`3?3+]G%)&`OS&]OF'W,8?<1<STO2]
M+T&=\3AVSW=X^>F>(MRXB@7-3E;]F^IXY<](:9G&:5'Z@X=:+G5FIF&V>,EH
M2:8`\C'K*4GZ&1(C.V+'O%[;4F0:"[LP."RN<;;IM^Y]PV\[53$\YV&Y9!FM
MJU7/T4G;=*CZ-8*;#2UUJ2;>057?MR5VR.Y***V>N'#MJ#7[9TX7<)**G>?U
MT)6*C)R,D(:9CV4M$2S)W&RD7)-&[^.D8Y^W4:/F#]B[36:O63UJLJV=M'*2
MK9TV55072414.0P:/9?%W5_@"NFL>1CQ0VRJRW%$U(.;QUKX_M6L"49G%:05
M="I)7'%A<R$.C&MF:`D80L96WA=&IPBQB(J.TRA"--@'^POSDS7FKN,%R1X^
M[0RXHFY2@1]DZ0VC=I6E.]YI[.13?HV'.N*,E8S[IOJNBM`8/!>[79DX^MYA
M!K,[.XSUQ87L*S;D*<?<9X%P[DR.18'5W,5&O)A_;KW<;)*N;3IVMZ/.?(K:
M=2UV^R8&F[UHEK=E%W-3TF<I$P,G&P[&)A6C&,;2K]8+IFFY_C=!MVI:I<:[
MG^=T*!?V>Y7.VRK2$KE:@(Q$R[Z5F)5ZHFV9M$$R^WS',*BRIDV[9-=RJBBH
M(OQGI-O\^'F.9=SM(.98>-/Q?.;%6>6BV6(=1[?7^C+(T01/HIHZ29A\\FU2
M19Z(9J=9M+Y_#0F+LG\;'S]CGP*9"`>P`']/Z_D?]Q_F/]1_GZU]+TO2]<*S
M=%P!062(J!#E4("A2G`JA!]R*%`P"!5"#^2*!['(/N)#%$1]<O[!^/;^7[_T
M]_S_`+^W[?Y_OZKNE)CRK,9F<;0E&\?%LKY;!.'K<S*:YTMGDRI6%)9X>N-)
MRLM,7TYBC/L8,6#:<D&%L<1TK+%=O6$9#LSHL$VF>9CYF]43%E8NKN%^58XK
MM-10<&YJU+HR\FCU3BDY:,[KO&K4&EL)!-J8SB.E7&-2S9&2^W,^AWS!NNS?
M^U3O$9S:^T""VCJZQZMY`-OK*RCJLWOL:T1N@5*DNUE"+F7S?G:M0-.YGSQT
MV<)I+QTO7,C2LC!<AW"$\"[ARHJP/DE^'YX4\BTQ_:F\A)KF_IUC]!S$]'X$
M#"J6UY)L#)J13R^UY%)O7K\LP41;)HS;U.+O;5@V1CHNZQS1!NDC5Q!<U?%4
M>/)NW@,$Z5YT\G.)55M]I7J[T$NW@M.&-3%^X54EIZ^35)MQ%F2+9!FT1>=%
MW-LS0>L6C!L+)FL#*/MR^("\\<`G)T=7QE\LU[4&!)C[N2>;(PGZ^S+$NB,W
MJA*ZRWUL5=1BL_C4Q`+HNFZ4!95%(Z*IBM>K%>(3SA>9FR46U^8;I^'P'E1D
MO'VR*YRQ*5ICR5EV[A%K(,#QE6SI:6S)A(NV:@J1^@Z7<=0N%4!TY;1=;(14
MZ1#-.<N<\:Y-Q:@<^X#18;.<HS."0@:K5X1`J:2")#&7?2<DZ,'W<S8IZ15=
935FL4FJYF+#.OGTO*NG#UVJH+W>EZ7K_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g514561.jpg
<DESCRIPTION>G514561.JPG
<TEXT>
begin 644 g514561.jpg
M_]C_X``02D9)1@`!`0$!A@&&``#__@`S35),3%]'4D%02$E#4SI;55)!3DE5
M35]215-/55)#15-=0E1)1U\T0U],3T=/+D504__;`$,``0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`?_;`$,!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`?_``!$(`"$`@@,!(@`"
M$0$#$0'_Q``?```#`0`"`@,!````````````!P@)!08$"@$""P/_Q`!*$```
M!@$#`00!"P\-```````!`@,$!08'``@1"1(3%"$Q%18V-SA1<W9WL[88(B,D
M,S1!<7)UL;*TM<$7-4)$4UAA=(&%F*&W_\0`'`$``00#`0``````````````
M!`(#!0@!!@D'_\0`0!$``@(!`P("`@X&"P```````0(#!!$`!1(3(08Q(K$'
M%",R,S0U05%A<7)SLA464G2ALR1"9(*#DI.TP]/P_]H`#`,!``(1`Q$`/P"E
M^JMU2M^NWW?SN`P]A[<+,4K'%.D**C6JRUIF-91&+2E<94^>D")OYVG2<JX!
MS+2;YX87;Y<2&7[I+NT4TTRH!'J\]1D^T64R2;<Q-C=4-T<%0$9SUB8K!4E1
M=X4L5H<PP-`H_J>*2L^Q:R0N3-3/B*)`B1R5J8Z!O+ZP>,<`3_4;W)2]SW1M
M<?65W)8]-)5!3!&4+<:',EB>D(-B&L5?<%B)(7;--!^!VA"E;@Z!HJ'?H*B,
MWM\3[;_J+)B-#=RS-!#NXKS\]D#;SEH"IRY<"6=LG!!"BX"1,=5@HK)A*E$S
M%,$!9'#Q*I-6+V^EX?.Q^'6DV6N\[P;0;$IV&1VG9Z\)F8S"B?;'4;+$AI.J
M3R'('.N?>];QX^3QG[(,4/C*]%2AL^+1MU5?&\$2TA'?F6H$J_I=6H+6CPBJ
MT</M7`C(C(XZ\F+ZWG4^C9.-D3[GGTPFP?LWJD1-8YQ0I#RI&CE-P>,EB,*0
MP?FBY`J9F<@#!\Q?>$76\&]:.01<)O7<CU;NHK4YVN7K%VZBVML/9JI9<FXT
M8R%&Q%(2-2(=])P5TQE+22F/A-(2N+KY$3=6!^J91Q*U]*M3;PQW4LN.LY?Y
M&=K/]]9A_P`9,T_Q=:H&\XIVYNMKN"F<IO$11BXO(^Y).J3*NW/,*B;^.?,,
M-/+'&-XP%_&-4H>P&*[\8<QV3UU-O$4.RZ9/@-+6-O\`#*6J4B;#7"M))7FC
M;PY*$:-H))E=4.WCE-')`@5ER1$\V0025U?;M^]DB7;MW@G\<;@\D4-2[5L)
M[(%9I89H[U6K)&\J[Z2E6>O<EZB-Z+V8JI4AP%D]\&`F;Q9-J%&RZOD2U1UR
M4VU5N\R*\6WJ9(^7MBN,VUG=34@P?5A\0%7LNH=1PU9*,F'<\(H-40Y$9<V`
MY>S7N5B\H.,E9>M0KU16EIPZE=AJ!#=T$_'S;A^9=,::\3<G!5@W,AWA0*D4
MIRB4Y3"&JIJ*#)IL6K+2-D@F(UMM*A6["6*R<1I91DCAMLFUD0CG@F>1X/D"
MIN@9.S"Y:@J""XBJF8=09TCI6,C8;-WJA(L&(JNL9`B#QZU:"J)(BS`?NP<*
MI]X!>V`&%/M=D3%`W'(<U$W=N'B.E"DDD5>5MRZD*2211-T\],-&&55X?U1Q
M!4_0==,-HY/L,4LG&6=:U`F5@DKEFBBYMU?2Y%SDEPQY9SD@YT]-RMZW3;40
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MNF*3@0^,\FZ6*<$]B2CT*\TS]>0M!86PC-!%9#=5>K`IYQ"3LKGCQ`['<HTJ
MQS21Q"<.Z1@QK[I'TR!(\9'!N#D`/Q\P,Y[ZY[+,)?L:X6R9<V&;<D2]EJ-!
ML]BC'DJPQF1H,I#P[I\U,XCH['S)NJW%=$@K-A$`.3D@'+VNUJ9MAN3<R;D:
M;D28R+EZW%D*W:(N'BEJ]$X_B")LWD`WDEA60/2GB3A;Q*INPHH7@J8@3LCV
M>1L[='[G#.OR37WZ./\`4"]([VN\P_'V!^B#+3MGDF][;6668025;+21]>8J
M[)[UFS)W9?,$]P>^D1X-.>0I&9%DC"MTX\J,IV'H]AW/8:HZZQ&X;&N7,*2#
M'.5@NV)K;D5K3KK5[-4L>H2\>61A)QY%.4)VNU6'67BG;V.(T<#W;1^U>&9=
MARY0=JIMTEU`<MYFVXP6.I7&F5[.V<VV:M+64).1-%FFY&\9$M)%FDS35J")
MFX)KN#D,<RBIU$BD*<QA`3#I?8JPPLP0H/SN2!!6&)LK/PRB:8FD(9515J1<
M5$E0,U,*IP7(0$U3E\B*D](Y+]7ORJ&$P]ZQWKZ-Q^L;Q')4VW<98IK"'E!)
M$_MF<M$7EKQR+&QD+*C`$E2Q`+MQ`!QK-0K-9KHZ1D8='`C0!P%=E+`*`6![
M<B,GBN2<:THQ$C,K46H7"R7BR6)Y8J+6IB21FPK3>*:OI*&82KYZU3AZ]#K-
MB@JJL4"KNUFR#8Q@$@"4%"S%4\]7'=-E:TTW"LXI2L,8S70:W7*S!E'2%IN\
MPZ,X1:URA$F6C^+@8EP1!T[7LSF-DI15@V1<1Z4>$BR7-UC=-DF0QOL&K9XA
MPX92MVHN,<>LGC5445VJ5DK;$TRJF<O!BB:`CY1L!BB`E%SSR`\"',],:K-X
M+:_%RQ$4R.+?<K=/+J%*4ICIM7R==8IB8``13;M(4I4B"(E3`YP+Y"(Z6;#S
M7JFVQNRH*BW;;J[=5URJ1Q<R2RJ7(DD*D,RX0$*S\L",)7ELL%+&7H0J5'%?
M,LY7&"0H*ID=B"2#VQ4JN'@;(+KU_(^68.;.3E*7<7N5MJ!'!2<$56KET-.U
MARB8W`K-2Q+<AR"<J)VQNPH1'5O,N8TMR=6P!?Z]#L&[:C7.XGO=?.<(+)D<
MR5AV$"[CX-\@N]J3V(<.'A+)#C-28$DS("U<&B5VIEK:UT>9HL9,76FWI511
M*7I;"V1C`")I"5=E;V\2E(MUE3?92)E5A6+HA4QX,LD';X#GF2FJM[DU=VBX
M30M(BGW.6(2*9%9""H8KEN:!9&QTR2CD:&64>D)%#Y1PI/OD<J0I!&,C.!AL
MJ,\@`0#KNX>@/Q!HU\AY``>]HT;IG7YSG6ZX'JB;IQ`0$"RV-"GX$!X,.&L?
MCV3<#Y"("`]D?/C@>.!`1EYM[@N9][ZM.L^CWOJ=;9Z./X:TQZQ&<<9*]13<
MCC;.F(H&_P!>K4A06]5NU#L$9B/.-2;/\4T:57B37)&`L-:R!7_'O7;QO$91
MI5FDXKQ!FM:M5>C?M`TEM5=HR>RF4='E]Q3RL!N_K:R\&".&8VP^K@8"M/=Q
MI;6,K)PH12D7WRIICUIB^3?$22)!JMC&6):#;+3KX?\`#*25+"].OLO!XNG-
M',JUX2G`JX='90`4ECC"OE59U`=N:V_[1%+XZ]DJ:MNE%Q/:\9)+%9Z].>I+
M)N4W4$JR1-%+$CA@LM2>P7BX.\<4CF%,^Z#0K?E&Y5S'^/Z^]M-RMDFC$U^"
MCRD!=\]5`QSG6<JF3:QT8P;D6D)J:D%F\5!1#5[,2SMI',G#E-S[F[54S.*-
MAG'$VWL^.L`4J1I3"VLBG+'7_(,_*/;5F#(T258H+EKUDNKHT/4!6,)UZ55*
MT^`"@^%,GWLVY2!AZI-XYV]4:*PA3+.P4A[K8U;<>\9PR9"+=GQ%>O.5%V=?
M0CZ:[,7F0Q_C.JT&H3I"-T[@RMBC1LNG+:KMF"#C[=9_>[C^MM_[$_D``IP`
M!Z`````#T:V:-9;-B.U87H15PYK5F>-Y.HZ\'LSF-GC5Q$SQPQQR.%221W9G
M=4A\VEDK[;2FVS;Y&O6+SP#<MR2&>*N:T$B31;?26>.*P\365CL7+,\,+2RP
M5H88DBADEM_I_P"/0`-@5(_QV?5G_K"3+4"=*"GU*UPN:@M%6KEC%FXQN1IZ
MO0D;+BU(XB+**Y6PR#9P*!5Q3(*Q4A+WO8)VQ$2EXN.E6*OQVPS'["0G(=B]
M>;.ZNHU:O)1@U<.4U<+,TTU&Z*[A-5=-10IDR*)$.0QRF*4PB`@$3=)&R5V(
MALVC*3\)'=\ZQH"(/Y>.9&5[J(LP*=V#ERD*@$%0H&$@&`IA`IA`1#FCN]F-
MO%-!7*$!]U#*Q!`)!(#`^7;N,_1V\M==-CY#PY#QSDU-M\LY^"A\L=_/M_#3
MYWB811PECN9SWMO?R6&K73WT5(VB*H3HT-4K5!.Y)M'NUIBH$*>N.'\:J[;O
M?$!'$*^:INFD@FY[2"J#\V3[BG^X[$7KAL;5JTNM6F5JI;18)"WCY)ZW9M'S
M*<8M>T<&:4M'NT57#(IS)M)!)ZBWX:@@4)_Z@NX2FR&*)/!>/IMI?,D9)=Q4
M<:N4E4EJDHJ`92S:1DW,@W@3/U4'#_P2,8P8'(+MR=THOW)&J"BP-S8%@&R8
M&PPNA=F_@+E>YT]NF883)G5K[4T>SCH:$>'3,9,TD@R:F>21$SF3:O'RC$#*
M&:G5./`2-^:.B?Z$*F;B1_%TL%FX%0#P2=AT^04*64L6!.2)!P#0#3CW?JXA
M9AB5HP%!R2.3(/2X\B0#Y:=NZ/W.&=?DFOOT<?Z@7I'>UWF'X^P/T09:N#=7
M8Z^TP!G*)=SL,TE%,37?NXYU*Q[=\H*]<?\`<`1HLY(X,*WF"(`F/>B'"?:'
M@!@/I/6>N16/<N$DY^#CU%[[!=PF^F(YHHJ`5)D013(X<IF.'>?6<E`0$W)0
M$3`(!FVR_K%M?I*,5+><D#![G![^?8]O/28E/Z/LG!QU8_F^DIK8_6.G5[]B
M.$_C'>OHW'ZV*[0<`(>8#QYAY^0^@0XYY_!Z/].=8M]6RQUZ4J>&TXV=A7ZC
M6RWHKE-E+1[I1`PUU@0`6(@Y4,D(G*8G!P+P<HE'@W`"_P"(R!L]P$@$K"0"
M0"0+,).,_0-(VX'VY#V\B^?J]S?SUWW?)"OI383B5^T1.LC7!PM+R0E#GN6"
M]2/"F7-Y"(%(\E61!]`?9>1$`#3[Z<$NA);3J&W2.!CPLO=(9R4..4W"-IDG
MHD/Y^D47Z)P]')3D'C\.F=7J[1,U[:H#%<I+QDFPLV&ZI$2S>+DV3N0C05K$
M05"1*W;.3JHNHN22;.VQEBE(5XV2(8?KA#44[.)6?VC7VZ[9LZ*I5V)LD\:S
M8IOL@;U.I5NDE&Z3"2CXN9<E)'HR,\Q9Q\FUB73MN]:2#*1B5D#.%8\SL0+[
M6W>E>.#7M[>M)Y<Y2*=>#QAV\E60*$0G`,F5R">[O+JU)H!GJQ3F94QW9#Z+
M%1\Y7/(@=PHSW'EJK9[1!4Z(7G;'(H144V4027>N".%$TU'2Q4&Y1(V176Y4
M6.4@""8@`CR;@.1!,CNOVZDDPA#Y>I9)L5B-PA32*Q9@7"B8*D;A%F:@_%<Z
M0@J1$&_>&2$%"E$@]K3TD9..C(]S)R;]K&QK1`SEU(OG2+%BU;D#DSAR]<*)
M-D4"@/:,JHJ5,"^8FXUB5CC'=RSSO[FL_P!&BW"F':UDA*8+?I)-S'P5@9P%
M90K)4:HJND"EB6DWK959HO'D4C4X[AT[>H=X@@O);C<LUI*D=9(YGLSI$8F1
MV=(CDRV!PD&8XQQ#`JH!.6<9&F*T,<JS-*618D+APRA6;L%C])3Z3'.,$D_,
MO;.M:D\ZXJ53353N<89-4A5$S`VE@`Q#E`Q3``QX#P)1`?,`'S\PT:;12AV2
M^9O0'],_O?E:-'8L?MQ?Z+?5_:/M_A]>A\I^R_\`G'_7]O\`X=_7FWJ>Z<RC
M_FJW]$(#2I3]H]_\M$;_`.;2NC1KUBK\G[=^%4_E1:K+N?R[XA_>=V_W,FEC
MK^:WW%;X%7YLVC1J07S'VCUZU;6NN:/N.%OD8H_S0Z3<IZ4/R#?I+HT:KGN7
MRA<_';U+JYVV_$*'[O!_*CU4^T#V12_P+C]0-:"H^@/Q#^G1HU-;7\47[\GY
MM,VOAC]U/RC69FYSVY7OYEK?S#C2+7^_F'PS;]L3T:-0-GXU+^*?7H^+X*/[
MG_&NMJ4_N*7Y"7Z"ZQ>4_GN>_.4A^\7.C1J3W;WD'^)ZH="4_?M_=]9U2^T;
MV?6OXL&_?3736WJ^Y_M?PK?]4VC1I$?R38_"F_-I3?'8OO0^I=93./8U5_\`
L;/FB:WFI_L4K'YAC?V5'1HTQLGOK/X</J&EWO*/[6]2Z[9HT:-;-J.U__]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
