<SEC-DOCUMENT>0001157523-11-005031.txt : 20110815
<SEC-HEADER>0001157523-11-005031.hdr.sgml : 20110815
<ACCEPTANCE-DATETIME>20110815122609
ACCESSION NUMBER:		0001157523-11-005031
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110815
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110815
DATE AS OF CHANGE:		20110815

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:		111034527

	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>a6830087.htm
<DESCRIPTION>URANIUM RESOURCES, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 14pt"><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-family: Times New Roman; font-size: 18pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><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-family: Times New Roman; font-size: 10pt"><b>Date
      of Report (Date of earliest event reported):&#160;August 15, 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 cellspacing="0" style="margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 32%" 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; padding-left: 0.0px; text-align: left; width: 32%; white-space: nowrap" 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; padding-left: 0.0px; text-align: left; width: 32%; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>75-2212772</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 32%" 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; padding-left: 0.0px; text-align: left; width: 32%; white-space: nowrap" 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; padding-left: 0.0px; text-align: left; width: 32%; white-space: nowrap" 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 cellspacing="0" style="margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt">
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 50%; white-space: nowrap" 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; padding-left: 0.0px; text-align: left; width: 32%; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>75067</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 18%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 32%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(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 cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt">
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          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; width: 50%; white-space: nowrap; border-bottom: solid black 1.0pt" valign="top">
          <p style="margin-bottom: 0px; font-family: Times New Roman; margin-top: 0px; font-size: 10pt">
            <b>N/A</b>
          </p>
        </td>
        <td style="width: 25%">

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; width: 50%; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; font-family: Times New Roman; margin-top: 0px; font-size: 10pt">
            (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-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center; font-family: Times New Roman; font-size: 10pt">
          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 style="white-space: nowrap">
      <b>Item 8.01.&#160;&#160;Other Events</b>
    </p>
    <p>
      On August 15, 2011, Uranium Resources, Inc. (NASDAQ: URRE) issued a
      press release providing an update on the Company&#8217;s activities and its
      liquidity position for the second quarter of 2011, as well as its
      strategy and outlook.
    </p>
    <p>
      <b>Item 9.01.&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p>
      Exhibit 99.1 Press Release dated August 15, 2011
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

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

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt">
      <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="padding-left: 0.0px; text-align: left; width: 6%" valign="top">

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

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

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; width: 6%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; width: 44%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            August 15, 2011
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 47%; border-bottom: solid black 1.0pt" 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>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6830087ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Uranium
      Resources, Inc. Provides Second Quarter 2011 Update</b></font>
    </p>
    <p>
      LEWISVILLE, Texas--(BUSINESS WIRE)--August 15, 2011--Uranium Resources,
      Inc. (NASDAQ: URRE) (URI), today provided an update on the Company&#8217;s
      activities and its liquidity position for the second quarter of 2011 as
      well as its strategy and outlook.
    </p>
    <p>
      <i><b>Los Finados Exploration Project Continues to Move Forward</b></i>
    </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">
        In May, URI entered into a joint venture agreement with Cameco Texas,
        Inc. (&#8220;CTI&#8221;), a subsidiary of Power Resources, Inc., which is a
        subsidiary of Cameco (NYSE: CCJ), for a three-phase, three-year
        exploration program on the Los Finados property, which encompasses
        54,847 acres in Kenedy County, Texas. URI also secured the exploratory
        drilling permit from the Surface Mining and Reclamation Division of
        the Railroad Commission of Texas.
      </li>
      <li style="margin-bottom: 10.0px">
        Having completed the joint venture agreement and obtaining the
        drilling permit, on June 21, URI initiated the first phase of the
        drilling program. This phase of the exploratory drilling, which is
        expected to be completed by the end of September at a cost of
        approximately $1 million, will be done using a widely and evenly
        spaced program covering a grid designed to test the potential for
        uranium mineralization over the entire area. Specifically, the
        objective is to identify oxidation-reduction interfaces within the
        wide-spaced drilling. To date, URI has completed 10 holes averaging
        1,250 feet each.
      </li>
    </ul>
    <p>
      Don Ewigleben, President and CEO of URI, commented, &#8220;Less than ideal
      drilling conditions are resulting in somewhat higher than expected costs
      thereby reducing the number of potential holes drilled in the first
      phase. Nonetheless, we are still on track to have the drilling for the
      first phase completed by the end of September. As we have noted
      previously, based on water sampling tests, we believe this green field
      exploration site should be an excellent uranium prospect.&#8221;
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        Given current uranium pricing and existing unfavorable sales
        contracts, the Company does not expect to return to production in
        Texas in 2011. Currently, the Company has approximately 664,000
        identified pounds of in-place mineralized uranium material that could
        be produced over a two- to three-year period.
      </li>
      <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 120 million gallons of
            groundwater in the quarter, and since December of 2004, over 1.5
            billion gallons of water have been treated. URI completed
            restoration in PA1 and PA2 and the fields are now in stabilization
            testing. Full scale restoration has begun at the remaining KVD
            production area.
          </li>
          <li style="margin-bottom: 10.0px">
            Rosita: The first two production areas completed restoration and
            remained in stabilization throughout 2010 and into 2011. Documents
            have been filed with the State of Texas for final restoration
            approval.
          </li>
          <li style="margin-bottom: 10.0px">
            Vasquez: Treated over 76 million gallons of groundwater in the
            quarter in PA1 which should be completed in 2012.
          </li>
        </ul>
      </li>
    </ul>
    <p>
      <i><b>Feasibility Study Progressing in New Mexico</b></i>
    </p>
    <p>
      URI&#8217;s focus in New Mexico is on the completion of its feasibility study
      to advance its Churchrock/Crownpoint project. The evaluation includes
      the economic analysis and operating requirements for the in situ
      recovery of its uranium assets that are amenable to this lower cost
      mining method which includes the wellfields, satellite plants and a
      central processing plant at Crownpoint.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Given the need to accelerate the significant engineering and design
        requirements identified through the feasibility study activities, URI
        now expects construction of its Churchrock/Crownpoint ISR wellfield
        and processing facilities later in 2012, assuming that the necessary
        financial resources are in place and uranium prices have recovered.
      </li>
      <li style="margin-bottom: 10.0px">
        The Company continues to target production in mid-2013. Production
        will be dependent upon the speed of construction activities and
        availability of capital equipment. Given the most recent projections,
        construction costs will likely be on order of $50 million or more,
        dependent upon the various scenarios under consideration.
      </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 according to our
        plan. In June, URI received confirmation from the New Mexico
        Environment Department (&#8220;NMED&#8221;) that its discharge plan is in timely
        renewal and that the NMED is currently conducting technical review of
        its renewal application. In July, Eastern Navajo Dine Against Uranium
        Mining filed a complaint claiming NMED misinterpreted its own
        regulations governing the ground water discharge permits. URI will
        intervene in this case.
      </li>
    </ul>
    <p>
      Mr. Ewigleben, noted, &#8220;The feasibility study is moving along as planned
      and we are evaluating various scenarios specific to our priority
      production property, Church Rock Section 8 which has 6.5 million pounds
      of in-place mineralized uranium material. We are planning on
      accelerating our engineering activities in order to stay on target.&#8221;
    </p>
    <p>
      <b>Liquidity Position</b>
    </p>
    <p>
      Cash at June 30, 2011 was $8.2 million compared with $11.1 million at
      March 31, 2011 and $15.4 million at the end of 2010. The decrease from
      the sequential first quarter reflects ongoing reclamation activities in
      Texas, the costs associated with the feasibility study and $500,000 of
      funding to collateralize URI&#8217;s financial surety obligations. URI&#8217;s cash
      balance at July 31, 2011 was approximately $7.3 million.
    </p>
    <p>
      Mr. Ewigleben concluded, &#8220;Given our plan to accelerate our engineering
      activities for our Churchrock project and our cash requirements for the
      evaluation of various strategic initiatives, we are currently weighing
      various alternatives and evaluating the timing associated with the need
      to raise additional capital.&#8221;
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <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>Teleconference and Webcast</b>
    </p>
    <p>
      URI is hosting a conference call and webcast today at 11:00 a.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. 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. A transcript will also be placed on the Company&#8217;s website,
      once available.
    </p>
    <p>
      To listen to the archived call, dial (858) 384-5517, and enter replay
      pin number 375633. The replay will be available from 2:00 p.m. ET the
      day of the teleconference until 11:59 p.m. ET Monday, August 22, 2011.
    </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>
      <b>TABLES FOLLOW.</b>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt">
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>URANIUM RESOURCES, INC.<br>CONDENSED CONSOLIDATED BALANCE SHEETS<br>(Unaudited)</b>
          </p>
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>June 30,</b><br><b>2011</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>December 31,</b><br><b>2010</b>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          8,243,704
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          15,386,472
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            136,378
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            46,244
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            161,837
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            179,231
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Total current assets
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            8,541,919
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            15,611,947
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Property, plant and equipment, at cost:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            82,644,306
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            82,989,579
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            867,371
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            905,511
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 10.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          Less-accumulated depreciation, depletion and impairment
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (64,468,795
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (64,282,888
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Net property, plant and equipment
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            19,042,882
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            19,612,202
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Long-term investment:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Certificates of deposit, restricted
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            8,355,720
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            7,337,366
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          35,940,521
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          42,561,515
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            757,752
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            602,190
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Current portion of asset retirement obligations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1,156,526
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,239,588
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Royalties and commissions payable
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            665,745
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          665,745
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#8212;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          697,028
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued legal settlement
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#8212;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,375,000
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued interest and other accrued liabilities
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            382,094
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          348,269
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Current portion of capital leases
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            69,257
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          83,183
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Total current liabilities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3,031,374
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          5,011,003
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Asset retirement obligations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3,616,050
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3,804,057
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            500,000
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          500,000
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            87,530
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          119,588
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            450,000
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Common stock, $.001 par value, shares
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 20.0px; text-align: left; white-space: nowrap" valign="bottom">
          authorized: 200,000,000; shares issued and outstanding (net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          of treasury shares): 2011&#8212;93,528,362; 2010&#8212;92,430,306
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          93,566
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          92,468
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Paid-in capital
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            169,268,731
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          167,971,955
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (141,097,312
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (135,378,138
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Less: Treasury stock (38,125 shares), at cost
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (9,418
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          (9,418
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Total shareholders&#8217; equity
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            28,255,567
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom">
          32,676,867
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            35,940,521
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            42,561,515
          </p>
        </td>
        <td>

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

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

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

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>URANIUM RESOURCES, INC.</b>&#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<br>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="6">
          <b>Three Months Ended</b><br><b>June 30,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="6">
          <b>Six Months Ended</b><br><b>June 30,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>2011</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>2010</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>2011</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>2010</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 35.0px; text-align: left" valign="bottom">
          Total revenue
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Operating expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          213,960
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          88,452
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          365,109
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          230,310
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Accretion/amortization of asset retirement obligations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          30,820
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          39,881
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          69,019
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          77,288
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Depreciation and depletion
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          158,453
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          192,359
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          331,182
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          389,846
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Impairment of uranium properties
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          282,184
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          179,200
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          588,098
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          389,647
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Exploration expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          16,789
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          725
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          108,687
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          725
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 35.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Total cost of uranium sales
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          702,206
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          500,617
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          1,462,095
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          1,087,816
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 10.0px; text-align: left; white-space: nowrap" valign="bottom">
          Loss from operations before corporate expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (702,206
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (500,617
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,462,095
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,087,816
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Corporate expenses&#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          General and administrative
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,968,427
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          1,455,379
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          4,267,418
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          3,178,612
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Depreciation
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          33,787
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          36,234
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          68,666
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          71,250
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 35.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Total corporate expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          2,002,214
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          1,491,613
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          4,336,084
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          3,249,862
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (2,704,420
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,992,230
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (5,798,179
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (4,337,678
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Other income (expense):
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (4,985
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (2,910
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (10,605
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (10,833
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Interest and other income, net
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          16,724
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          274,584
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          89,610
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          279,805
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          Net loss
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (2,692,681
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (1,720,556
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (5,719,174
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (4,068,706
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net loss per common share:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.03
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.03
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.06
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.07
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          Diluted
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.03
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.03
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.06
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          (0.07
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 4.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Weighted average common shares and common equivalent shares per
          share data:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          93,429,103
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          58,814,401
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          93,346,428
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          57,835,348
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          93,429,103
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          58,814,401
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          93,346,428
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom" colspan="2">
          57,835,348
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

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

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

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

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>URANIUM RESOURCES, INC.</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="6">
          <b>Six Months Ended</b><br><b>June 30,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>2011</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          <b>2010</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

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

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

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

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

        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (5,719,174
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (4,068,706
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Reconciliation of net loss to cash used in by operations&#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Accretion/amortization of asset retirement obligations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          69,019
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          77,288
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Depreciation and depletion
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          399,848
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          461,096
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Impairment of uranium properties
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          588,098
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          389,647
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Decrease in restoration and reclamation accrual
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (752,961
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (653,544
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Stock compensation expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          579,502
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          525,475
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Other non-cash items, net
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          2.288
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          14,859
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Effect of changes in operating working capital items&#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (90,134
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          62,572
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Increase (decrease) in prepaid and other current assets
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          17,394
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (77,060
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 10.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          Decrease in payables, accrued liabilities and deferred credits
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          (1,185,614
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          (80,476
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net cash used in operations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (6,091,734
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (3,348,849
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,018,354
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (29,842
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Additions to property, plant and equipment&#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Kingsville Dome
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (73,913
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (89,400
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Vasquez
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (15,100
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (7,500
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Rosita/Rosita South
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (92,080
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (14,048
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Los Finados
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (88,237
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Churchrock
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (9,899
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (90,266
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="bottom">
          Other property
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (28,812
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (6,573
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Proceeds from joint venture agreement
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          300,000
        </td>
        <td>

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net cash used in investing activities
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (1,026,395
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (237,629
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Payments on borrowings
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (45,984
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (61,894
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Issuance of common stock, net
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          21,345
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          8,979,506
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Net cash from (used in) financing activities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          (24,639
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            )
          </p>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          8,917,612
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          (7,142,768
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom" colspan="2">
          5,331,134
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          15,386,472
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt" valign="bottom" colspan="2">
          6,092,068
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          8,243,704
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          11,423,202
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

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

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

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

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

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

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

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

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Issuance of common stock in settlement of deferred compensation
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          697,027
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Issuance of restricted stock to employees and directors
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt" valign="bottom">
          339
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

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

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

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