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<SEC-DOCUMENT>0001157523-11-000819.txt : 20110214
<SEC-HEADER>0001157523-11-000819.hdr.sgml : 20110214
<ACCEPTANCE-DATETIME>20110214130032
ACCESSION NUMBER:		0001157523-11-000819
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110214
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110214
DATE AS OF CHANGE:		20110214

FILER:

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

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33404
		FILM NUMBER:		11604363

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

	MAIL ADDRESS:	
		STREET 1:		12750 MERIT DRIVE
		STREET 2:		SUITE 720
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6610388.htm
<DESCRIPTION>URANIUM RESOURCES, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
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  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">
      <br>
      <font style="font-size: 14pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of Report (Date of earliest event reported):&#160;February 14, 2011</b></font><br><br><font style="font-size: 24pt"><b>URANIUM
      RESOURCES, INC.</b></font><br>(Exact name of registrant as specified in
      its charter)<br><br>
    </p>
    <div style="text-align:center">
    <table style="margin-bottom: 10.0px; width: 100%; font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="width: 32%; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; width: 32%; white-space: nowrap; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>0-17171</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; width: 32%; white-space: nowrap; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>75-2212772</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 32%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            incorporation)
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-right: 0.0px; width: 32%; white-space: nowrap; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-right: 0.0px; width: 32%; white-space: nowrap; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table style="margin-bottom: 10.0px; width: 100%; font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="padding-right: 0.0px; width: 50%; white-space: nowrap; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>405 State Highway 121 Bypass, Building A, Suite 110</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Lewisville, TX</b>
          </p>
        </td>
        <td style="width: 18%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; width: 32%; white-space: nowrap; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>75067</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 18%">

        </td>
        <td style="width: 32%; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Zip
            Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      (Registrant's telephone number, including area code):<b> &#160;&#160;(972) 219-3330</b><br>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 25%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; width: 50%; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; font-size: 10pt; margin-top: 0px; font-family: Times New Roman">
            <b>N/A</b>
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
      <tr>
        <td style="width: 25%">

        </td>
        <td style="padding-right: 0.0px; width: 50%; white-space: nowrap; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; font-size: 10pt; margin-top: 0px; font-family: Times New Roman">
            (Former name or former address, if changed since last report)
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
    </table>
    </div>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; font-family: Times New Roman; text-align: center">
          1
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      <b>Item 8.01.&#160;&#160;Other Events</b>
    </p>
    <p>
      On February 14, 2011, the Registrant issued a press release announcing
      the Company&#8217;s activities, its liquidity position as of December 31, 2010
      and its strategy and outlook for 2011.
    </p>
    <p>

    </p>
    <p>
      <b>Item 9.01.&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p>
      Exhibit 99.1 Press Release dated February 14, 2011
    </p>
    <p>

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

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; font-family: Times New Roman; text-align: center">
          2
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font><br>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">

    </p>
    <div style="text-align:center">
    <table style="margin-bottom: 10.0px; width: 100%; font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Uranium Resources, Inc.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="width: 44%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            February 14, 2011
          </p>
        </td>
        <td style="width: 3%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="width: 47%; border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Thomas H. Ehrlich
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Thomas H. Ehrlich
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      3
    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6610388ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Uranium
      Resources, Inc. Reviews 2010 and Outlines Strategic Initiatives for 2011</b></font>
    </p>
    <p>
      LEWISVILLE, Texas--(BUSINESS WIRE)--February 14, 2011--Uranium
      Resources, Inc. (NASDAQ: URRE) (URI), today provided an update on the
      Company&#8217;s activities, its liquidity position as of December 31, 2010 and
      its strategy and outlook for 2011.
    </p>
    <p>
      <b>Excellent Progress in 2010 Set the Stage for Future Growth and
      Expansion</b>
    </p>
    <p>
      <i><b>Texas Properties and Progress</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        The Company has focused on reclamation activities in Texas since its
        two remaining operating wellfields were fully depleted in June 2009.

        <ul>
          <li style="margin-bottom: 10.0px">
            Kingsville Dome (KVD): Treated over 250 million gallons of
            groundwater, completing restoration in PA1 and PA2 which should
            move to stabilization testing in Q2. Full scale restoration has
            begun at the remaining KVD production area.
          </li>
          <li style="margin-bottom: 10.0px">
            Rosita: Both production areas completed restoration and remained
            in stabilization throughout 2010 and documents have been filed
            with the state of Texas to allow for release.
          </li>
          <li style="margin-bottom: 10.0px">
            Vasquez: Completed restoration in PA2 and converted to
            stabilization phase. Began restoration in PA1 which should be
            completed in 2012.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Payment of $1.375 million was made late January as final action on a
        settlement made in October 2010 of a two-year-old lawsuit regarding a
        lease agreement in Texas. The settlement eliminated costly legal fees
        and risk of higher royalty claims while enabling future potential
        discussions on additional properties with an estimated 250,000 pounds
        of in-place mineralized uranium material.
      </li>
      <li style="margin-bottom: 10.0px">
        URI signed a non-binding letter of intent with Power Resources, Inc.
        d/b/a Cameco Resources (CR), a subsidiary of Cameco (NYSE: CCJ), in
        the latter part of 2010 with the expectation that they would jointly
        explore a new green field site in South Texas. On January 3, 2011, URI
        took an important step in its strategy to expand its resource base in
        Texas with the announcement that it completed a three-year agreement
        to explore 53,500 acres in Kenedy County, with an option to lease the
        acreage for uranium production. The property is located within the
        prolific South Texas uranium district and based on water sampling
        tests, is expected to yield uranium deposits that can be produced by
        in-situ technology.
      </li>
    </ul>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p>
      Don Ewigleben, President and CEO of Uranium Resources, commented,
      &#8220;During 2010, we reset our strategy to recognize the value of our
      processing facilities in Texas and laid out a plan to identify
      opportunities to explore for and develop resources in that region. We
      successfully acquired what we believe is an ideal property lease that
      has strong indications for uranium potential. Additionally, we are
      nearing completion of the agreements with our prospective partner which
      provide us the financial means to explore and develop the property and,
      assuming we do discover sufficient, producible uranium, the toll milling
      agreement to capitalize on our processing plants, in keeping with our
      strategic objective.&quot;
    </p>
    <p>
      <i><b>New Mexico Activities</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Two remaining litigation cases that delayed URI&#8217;s progress in New
        Mexico were cleared in 2010. No petitions were filed by the deadline
        to review the June 2010 United States Court of Appeals for the 10th
        Circuit en banc ruling that URI&#8217;s Section 8 property in Churchrock,
        New Mexico is not Indian Country, thus affirming the authority of the
        State of New Mexico to issue the underground injection-control permit,
        which was granted to URI in 1989. With the second case, the opponents
        petition to the United States Supreme Court for review of the March
        2010, 10th Circuit Court of Appeals&#8217; ruling that upheld the Company&#8217;s
        NRC license to conduct in-situ recovery uranium mining at the
        Churchrock/Crownpoint project was denied.
      </li>
      <li style="margin-bottom: 10.0px">
        In October 2010, URI submitted the necessary documents to the U.S.
        Nuclear Regulatory Commission to reactivate its NRC License. The
        process is ongoing, awaiting determination from the Commission, and
        once active, the license may be utilized according to its present
        terms and conditions while pending renewal from the NRC.
      </li>
      <li style="margin-bottom: 10.0px">
        URI completed drilling on its Section 13 property in Ambrosia Lake in
        September 2010. The purpose for the drilling was to categorize the
        property based on the best mining method for the resource. A
        third-party laboratory analysis of the approximately 70 feet of cores
        recovered from its Ambrosia Lake property showed low organic carbons,
        which, in URI's opinion, indicates that some of the 860,000 pounds of
        in-place mineralized material at this property may be amenable to in
        situ recovery (ISR) mining. This property would require licensing and
        permitting and is much lower in priority than the Company&#8217;s Church
        Rock/Crownpoint project.
      </li>
    </ul>
    <p>
      Mr. Ewigleben noted, &quot;We made considerable progress in New Mexico this
      last year and have detailed the progressive actions necessary to move
      our Churchrock property toward production in 2013. With 101.4 million
      pounds of in place mineralized uranium material, the eighth-largest
      known uranium resource base in the world, New Mexico is clearly our
      premier location. We believe we have a significant advantage in that
      region and are pursuing opportunities to increase our assets and build
      greater value for our shareholders.&quot;
    </p>
    <p>
      <b>Liquidity Position Significantly Improved in 2010</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        During 2010, the Company completed two successful common stock
        offerings, including the exercise of the over-allotment options,
        raising $10.4 million in the second quarter and $9.0 million in the
        fourth quarter. This capital enabled URI to further its strategy of
        building its asset base in Texas and advancing its properties in New
        Mexico toward production.
      </li>
      <li style="margin-bottom: 10.0px">
        Cash at December 31, 2010 was $15.4 million compared with $10.5
        million at the end of the trailing third quarter and $6.1 million at
        the end of 2009.
      </li>
      <li style="margin-bottom: 10.0px">
        Subsequent to the end of 2010, URI paid $1.0 million for the execution
        of the South Texas land exploration and lease option agreement, and
        expects to be reimbursed $0.3 million by its prospective joint venture
        partner after the signing of an exploration agreement.
      </li>
    </ul>
    <div style="margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p>
      <b>2011 Plans Focused on Advancing Texas and New Mexico Properties</b>
    </p>
    <p>
      URI&#8217;s objectives in Texas are to explore for and develop a larger
      reserve base, advance current properties through licensing and
      permitting, lease additional targeted properties and work with its
      customers to redefine the terms of its sales agreements to enable better
      margins and greater likelihood of returning to production in Texas.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        URI is nearing completion of an exploration agreement with the global
        leader in uranium production; the agreement also entails operating and
        toll milling agreements. The exploration agreement will provide for a
        three-phase, three-year exploration program, funded by the partner who
        has the option to earn up to 70% of the property rights. URI is
        expected to be the operator of the site and the uranium would be
        processed at URI&#8217;s Kingsville Dome or Rosita processing facility under
        the toll milling agreement. URI expects to commence exploration
        drilling in the second quarter of 2011.
      </li>
      <li style="margin-bottom: 10.0px">
        The Company plans to advance certain properties in Texas toward
        production, although given current sales contracts, uranium pricing,
        and the less than lucrative nature of the resources available for
        production, the Company does not expect at this time to return to
        production in Texas in 2011. Currently, there are about 400,000
        identified recoverable pounds of in place uranium that would take two
        to three years to produce. These resources are relatively costly to
        produce at an estimated $48 per pound.
      </li>
    </ul>
    <p>
      URI&#8217;s focus in New Mexico is on the completion of its feasibility study
      which it plans to complete at the end of 2011. It expects that it will
      be able to report preliminary concepts regarding its priority production
      property, Church Rock Section 8, and its processing facility plans early
      in the third quarter of 2011.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        The feasibility study will provide project parameters, costs, and
        equipment and personnel requirements to begin production at Churchrock
        Section 8. The evaluation includes wellfields, satellite plant and a
        central processing plant at Crownpoint. Outcome will also include the
        definition of project timelines, financial requirements and milestones.
      </li>
      <li style="margin-bottom: 10.0px">
        The feasibility study will also evaluate the Company&#8217;s conventional
        mining properties, which currently make up approximately 55% of the
        101.4 million pounds of in-place mineralized uranium material in New
        Mexico. URI believes it is prudent to evaluate the cost and timing
        associated with advancing the conventional properties forward so that
        it is in a position to evaluate proposals and partnerships in
        conjunction with New Mexico&#8217;s vast uranium resource base. Conventional
        mining processes would take several years longer than ISR mining, so
        early initial planning is required in order to be prepared for five
        and ten years from now.
      </li>
      <li style="margin-bottom: 10.0px">
        URI plans to be in a position to begin construction of its Church
        Rock/Crownpoint ISR wellfield and processing facilities in 2012 and
        production in 2013 assuming that all permits and licenses are in
        place, that there is a sustained recovery in uranium prices and
        financing is available for the necessary capital expenditures to build
        the infrastructure.
      </li>
      <li style="margin-bottom: 10.0px">
        URI holds the necessary NRC License, EPA Aquifer Exemption, State of
        New Mexico Water Rights and Underground Injection Control Permit to
        allow Church Rock Section 8 development to begin in January 2012.
      </li>
    </ul>
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        <div style="text-align: center">

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

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

        </div>
      </div>
    </div>
    <p>
      Mr. Ewigleben concluded, &#8220;2011 looks to be another year of significant
      advancement for URI. We will be quite intensely involved in our
      exploration activities in Texas, the feasibility study in New Mexico and
      continuing our efforts to consolidate assets in New Mexico. Given
      general expectations for uranium pricing over the long tem and the
      opportunities that we see on the horizon with our efforts in both
      states, we believe the next several years should demonstrate momentous
      progress for the Company.&#8221;
    </p>
    <p>
      <b>Teleconference and Webcast</b>
    </p>
    <p>
      The Company is hosting a conference call and webcast today at 1:30 p.m.
      ET. During the call, management will provide an update on URI&#8217;s
      strategies, outlook, and progress in advancing its Texas and New Mexico
      properties. A question-and-answer session will follow.
    </p>
    <p>
      The URI conference call can be accessed by dialing (201) 689-8562 and
      entering conference ID number 366232. The live listen-only audio webcast
      can be monitored on the Company&#8217;s website at <u>www.uraniumresources.com</u>,
      where it will be archived afterwards. To listen to the archived call,
      dial (858) 384-5517, and enter conference ID number 366232. The replay
      will be available from 4:30 p.m. ET the day of the teleconference until
      11:59 p.m. ET Monday, February 21, 2011.
    </p>
    <p>
      A transcript will also be placed on the Company&#8217;s website, once
      available.
    </p>
    <p>
      <b>About Uranium Resources, Inc.</b>
    </p>
    <p>
      Uranium Resources Inc. explores for, develops and mines uranium. Since
      its incorporation in 1977, URI has produced over 8 million pounds of
      uranium by in-situ recovery (ISR) methods in the state of Texas where
      the Company currently has ISR mining projects. URI also has 183,000
      acres of uranium mineral holdings and 101.4 million pounds of in-place
      mineralized uranium material in New Mexico and a NRC license to produce
      up to 1 million pounds of uranium per year. The Company acquired these
      properties over the past 20 years along with an extensive information
      database of historic mining logs and analysis. None of URI&#8217;s properties
      is currently in production.
    </p>
    <p>
      URI&#8217;s strategy is to fully exploit its resource base in New Mexico and
      Texas, expand its asset base both within and outside of New Mexico and
      Texas, partner with larger mining companies that have undeveloped
      uranium or with junior mining companies that do not have the mining
      experience of URI, as well as provide restoration expertise to those
      that require the capability or lack the proficiency.
    </p>
    <p>
      Uranium Resources routinely posts news and other information about the
      Company on its Web site at <u>www.uraniumresources.com</u>.
    </p>
    <p>
      <b>Safe Harbor Statement</b>
    </p>
    <p>
      This news release contains forward-looking statements within the meaning
      of the Private Securities Litigation Reform Act of 1995. Forward-looking
      statements are subject to risks, uncertainties and assumptions and are
      identified by words such as &#8220;expects,&#8221; &#8220;estimates,&#8221; &#8220;projects,&#8221;
      &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;could,&#8221; and other similar words. All
      statements addressing operating performance, events, or developments
      that the Company expects or anticipates will occur in the future,
      including but not limited to statements relating to the Company&#8217;s
      mineralized uranium materials, timing of receipt of mining permits,
      production capacity of mining operations planned for properties in South
      Texas and New Mexico, planned dates for commencement of production at
      such properties, revenue, cash generation and profits are
      forward-looking statements. Because they are forward-looking, they
      should be evaluated in light of important risk factors and
      uncertainties. These risk factors and uncertainties include, but are not
      limited to, the spot price and long-term contract price of uranium,
      weather conditions, operating conditions at the Company&#8217;s mining
      projects, government regulation of the mining industry and the nuclear
      power industry, world-wide uranium supply and demand, availability of
      capital, timely receipt of mining and other permits from regulatory
      agents and other factors which are more fully described in the Company&#8217;s
      documents filed with the Securities and Exchange Commission. Should one
      or more of these risks or uncertainties materialize, or should any of
      the Company&#8217;s underlying assumptions prove incorrect, actual results may
      vary materially from those currently anticipated. In addition, undue
      reliance should not be placed on the Company&#8217;s forward-looking
      statements. Except as required by law, the Company disclaims any
      obligation to update or publicly announce any revisions to any of the
      forward-looking statements contained in this news release.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Investor:</b><br>Kei Advisors LLC<br>Deborah K. Pawlowski<br>Phone:
      716-843-3908<br>Email: <u>dpawlowski@keiadvisors.com</u><br><b>Media:</b><br>Mat
      Lueras<br>Vice President, Corporate Development<br>Phone: 505-269-8317<br>E-mail:
      <u>mlueras@uraniumresources.com</u><br>or<br><b>Uranium Resources, Inc.</b><br>Don
      Ewigleben<br>President &amp; Chief Executive Officer<br>Phone:
      972-219-3330
    </p>
    <p>

    </p>
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