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February 7, 2014
08:31 EDTURREUranium Resources announces $10.3M registered direct offering
Uranium Resources has entered into a securities purchase agreement with certain institutional investors to sell approximately $10.3M of its common stock in a registered direct offering. Under the terms of the securities purchase agreement, URI will issue an aggregate of 3,960,000 shares of common stock at a price of $2.60 per share. The closing of the funding is expected to take place on or about February 12, subject to the satisfaction of customary closing conditions. Roth Capital Partners and Cowen and Company, LLC acted as co-placement agents in connection with the transaction. URI intends to use the net proceeds from this offering to fund the completion of ongoing technical reports for three projects in New Mexico compliant with Canadian National Instrument 43-101, reclamation work, capital expenditures, working capital and other general corporate purposes.
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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