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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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March 23, 2015
09:01 EDTURREUranium Resources commences phase one exploration drilling at Alta Mesa Este
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09:01 EDTURREUranium Resources announces preliminary drill results from Butler Ranch project
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March 19, 2015
08:05 EDTURREUranium Resources reports FY14 EPS (44c), one estimate (58c)
08:02 EDTURREUranium Resources sees cash funds to fund working capital needs into 2016
As announced in the company’s February 24 news release, the company expects its mineral property and general and administrative cash expenditures, excluding non-cash stock compensation in 2015 to be approximately $9M, 23% lower than the $11.6M expended in 2014. Based on the current business plans including the $0.8M exploration drilling program, the company expects that its existing cash funds and the availability of the ATM facility will fund its working capital needs well into 2016. The company’s goals for 2015 are to: Achieve zero lost time incidents, Complete and evaluate drill results from the phase one exploration drilling programs at Butler Ranch and Alta Mesa Este projects, Establish the scope and timing for phase two exploration programs, Achieve the targeted cash expenditure level of $9M, and Increase shareholder value by adding to our portfolio of quality mineralized material and pursuing opportunistic, value-accretive acquisitions and partnering opportunities.

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