Uranium Resources Names Ted Wilton as Vice President and Chief Geologist
Uranium Resources, Inc. (NASDAQ: URRE) (URI), a uranium development and
mining company with resources in New Mexico and Texas, announced today
the appointment of Dean T. (Ted) Wilton as Vice President and Chief
Geologist. Mr. Wilton, who has over 40 years of experience in the mining
industry, will be responsible for the development and implementation of
exploration and delineation policies, systems, processes, procedures and
controls related to both the exploration and development of existing
properties as well as identifying potential new projects.
Don Ewigleben, President and CEO of URI, commented, 'Ted′s extensive
technical and managerial experience will be a great addition to the team
as we advance our Los Finados project in Texas and prioritize
opportunities within our 183,000 acres using the 19,000 drill logs we
own in New Mexico. He will be instrumental in guiding our exploratory,
definition and development drilling activities and importantly, will be
a strong contributor as we continue to evaluate opportunities to grow
our asset base in New Mexico.?
Mr. Wilton has a comprehensive range of experience from greenfield to
advanced stage mineral exploration and development programs in a variety
of regions from North America and Latin America to Australia and New
Zealand. He has participated in the discovery of a number of uranium and
gold deposits over his career which includes a variety of technical and
leadership roles at Freeport McMoRan, Inc., Kinross Gold Corporation,
Neutron Energy Inc, Victoria Gold Corporation and most recently Klondex
Mines Ltd. Mr. Wilton is a graduate of the New Mexico Institute of
Mining and Technology and has been honored with the 2011 Distinguished
Alumni Achievement award as well as being a Certified Professional
Geologist.
About Uranium Resources, Inc.
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′s properties
is currently in production.
URI′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.
Uranium Resources routinely posts news and other information about the
Company on its Web site at www.uraniumresources.com.
Safe Harbor Statement
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 'expects,? 'estimates,? 'projects,?
'anticipates,? 'believes,? 'could,? 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′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′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′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′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′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.
Kei Advisors LLC
Investors:
Deborah K.
Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
or
Uranium
Resources, Inc.
Media:
Mat Lueras, 505-269-8317
Vice
President, Corporate Development
mlueras@uraniumresources.com
or
Don
Ewigleben, 972-219-3330
President & Chief Executive Officer
