By: Uranium Resources, Inc.
Under the LOI, Uranium Resources (URI or the Company) and its subsidiaries have agreed, subject to the execution of definitive documentation, to transfer ownership of URI's
Definitive documentation on the terms above is expected to be executed in early
The Churchrock Claims that URI will receive in this transaction will expand the resource base of its existing Churchrock property. However, there is no change in the projected timeframe for URI's
The Roca Honda Assets are contiguous with Energy Fuels' 60%-owned
About Uranium Resources
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 execution of definitive documentation related to the transaction with EFR, the terms and conditions of the definitive documentation for the transaction, the anticipated timing and closing of the transaction, the anticipated benefits from the transaction and the Company's path to production 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, (a) the ability of the Company and EFR to agree on definitive documentation relating to the transaction in a timely manner or at all, (b) the Company's ability to raise additional capital in the future, (c) spot price and long-term contract price of uranium, (d) the Company's ability to reach agreements with current royalty holders, (e) weather conditions, operating conditions at the Company's projects, (f) government and tribal regulation of the uranium industry and the nuclear power industry, (g) world-wide uranium supply and demand, (h) availability of capital, (i) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments and other factors which are more fully described in the Company's documents filed with the
Learn more about URI at
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-- Posted Friday, July 10 2015 | Digg This Article |
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