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News For URRE From The Last 14 Days
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September 8, 2014
16:13 EDTURREUranium Resources unit to acquire certain uranium assets from Rio Grande
Uranium Resources entered into an Asset Exchange Agreement with Rio Grande Resources Corporation, whereby a wholly owned subsidiary of URRE will acquire from Rio Grande Resources certain uranium properties located in South Texas near URRE’s processing facilities. These properties cover approximately 8,834 acres and include the Alta Mesa Este, Sejita Dome and Butler Ranch projects, which are mid-term, in-situ recovery uranium projects located within approximately 75 miles of either URRE’s Rosita processing plant or Kingsville Dome processing plant. There is no cash nor common stock consideration to effect this land swap agreement. In exchange for the South Texas properties, the company will transfer to Rio Grande Resources two parcels of fee-owned mineral rights and a royalty interest in the Roca Honda area of west-central New Mexico. URRE is retaining certain prospective leases, mining claims and fee-owned mineral interests on separate parcels in the Roca Honda area totaling 3,068 acres, including interests on Sections 8 and 17 as well as the Endy claims over several sections north and east of Energy Fuels Inc.’s Roca Honda uranium deposit. The exchange is subject to satisfaction of customary closing conditions and is expected to close in the fourth quarter of 2014.

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