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Uranium Resources, Inc. Enters Into Definitive Agreement to Acquire New Mexico Properties Estimated to Hold 35 Million pounds of Uranium.

Publication: Mining & Minerals Business
Publication Date: 07-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Uranium Resources, Inc. (NASDAQ: URRE) (URI), announced it has entered into a definitive agreement to purchase from NZ Uranium, LLC (NZU) 113,000 acres of mineral rights in the Crownpoint area of New Mexico. Closing of the transaction is subject to receipt of a title report and satisfaction of standard closing conditions. It is expected to occur by mid August.

The properties include Section 24 at Crownpoint, in which URI already owns a 40% fee interest. According to URI's existing reserve studies, the acquisition of the remaining interest...

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