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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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February 5, 2016
10:16 EDTURREUranium Resources to host special shareholder meeting
Special shareholder meeting to approve an amendment to the company's Restated Certificate of Incorporation will be held on February 11 at 11 am.
February 4, 2016
08:40 EDTURREAspire Capital to invest up to $10.8M in Uranium Resources
Uranium Resources announced that it has entered into a stock purchase agreement with Aspire Capital Fund, selling 3.56M shares of its common stock in a registered direct offering for an aggregate purchase price of $838,000. There were no underwriting discounts or placement agent fees. The company intends to use the net proceeds from this transaction for general corporate purposes, which may include technical studies, restoration commitments, capital expenditures and working capital. Separately, on February 3, the company and Aspire Capital also entered into an option agreement by which Aspire Capital granted the company the right at any time or times prior to April 30, 2017, for the company to require Aspire Capital to enter into up to two common stock purchase agreements, each having a term of up to 24 months, and collectively requiring Aspire Capital to purchase up to the aggregate amounts of which shall not exceed $10M in the aggregate of company's common stock, or such lesser amount as the company may determine, on an ongoing basis when required by the company. Upon the execution of the option agreement, the company issued 900,000 restricted common shares to Aspire Capital as a commitment fee.
February 1, 2016
14:58 EDTURREUranium Resources to host special shareholder meeting
Special shareholder meeting to be held to approve an amendment to the company's Restated Certificate of Incorporation will be held in Centennial, Colorado on February 2 at 11 am.

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