Paul K. Willmott Continues as Executive Chairman
Richard A. Van Horn Assumes Role of Chief Operating Officer
LEWISVILLE, Texas, Aug. 8, 2007 (PRIME NEWSWIRE) -- Paul K. Willmott, Chairman of Uranium Resources, Inc. (Nasdaq:URRE) ("URI"), announced today that Dave Clark will assume the position of Chief Executive Officer, succeeding Mr. Willmott, who will continue as Executive Chairman. Mr. Clark will retain the title of President.
Richard A. Van Horn, currently Senior Vice President, Operations, will assume the responsibilities of Executive Vice President and Chief Operating Officer. He joined URI in 1997 and has nearly 35 years experience in the uranium industry.
"We have made excellent progress over the past year as we implement our strategy to become a 10 million pound producer by 2014. As a result, we are expanding the roles of our executives to meet the emerging opportunities we see before us," commented Mr. Willmott. "Both Dave and Rick have extensive experience in this industry and have demonstrated their value to the Company through their performance."
ABOUT URANIUM RESOURCES, INC.
Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 7 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas, where the Company currently has ISR mining projects. URI also has 183,000 acres of uranium mineral holdings and almost 100 million pounds of uranium in New Mexico. The Company acquired these properties over the past 20 years along with an extensive information database. URI's strategy is to capitalize on the strong global market for uranium by fully exploiting its resource base in Texas and New Mexico, acquiring new assets and through joint ventures or partnerships.
The Uranium Resources, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3598
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "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 reserves and mineralized uranium materials, timing of receipt of mining permits, production capacity of mining operations planned for properties in South Texas and New Mexico, planned dates for commencement of production at such properties, revenue, cash generation and profits are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the spot price of uranium, weather conditions, operating conditions at the Company's mining projects, government regulation of the mining industry and the nuclear power industry, the world-wide supply and demand of uranium, 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 press release.