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Stock Market & Financial Investment News

News Breaks
December 31, 2012
19:08 EDTURREUranium Resources announces results of feasibility study at Churchrock site
Uranium Resources announced the summary results of the feasibility study for its Churchrock Section 8 Project located in the northwestern New Mexico's historic Grants Mineral Belt. The feasibility study to determine the technical and economic viability of developing the deposit utilizing in situ recovery uranium technology was compiled by Behre Dolbear & Company, TREC, and Western States Mining Consultants, with assistance provided by the engineering staff of URI. The Churchrock Section 8 Feasibility Study Highlights include 6.5M pounds of mineralized uranium material at a grade of 0.11% U3O8; In situ recovery is the preferred uranium extractive technology for the project; Assumed recovery rate of 67% results in production of 4.4M pounds; Projected six-year production life with peak production at more than 1M pounds annually; Pre-production development costs estimated at $35M; and Direct operating costs are estimated to be $20-$23 per pound of U3O8 produced.
News For URRE From The Last 14 Days
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June 28, 2015
18:16 EDTURREUranium Resources to sell Roca Honda assets to Energy Fuels
Uranium Resources (URRE) announced that it has executed a definitive agreement to sell its Roca Honda assets to Energy Fuels (UUUU) for $2.5M in cash, $375,000 in Energy Fuels’ shares, and certain other considerations. The transaction is expected to close in July. Separately, on June 22, Uranium executed a loan agreement to provide up to $1.6M to Anatolia Energy, which the company called "a significant milestone in the pending merger" of the two companies. The loan provides Anatolia with capital to ensure it progresses its Temrezli Project towards development in advance of the closing of the merger.

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