-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VAo5juxuDeJ9Dh3F8ULsZflt9L7IQC2STA+DgQpr7kHf6cehjbtx/99kAJYnaOcC Snld1o3T1ZGlbmr++aToBg== 0000950134-99-000324.txt : 19990121 0000950134-99-000324.hdr.sgml : 19990121 ACCESSION NUMBER: 0000950134-99-000324 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981216 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URANIUM RESOURCES INC /DE/ CENTRAL INDEX KEY: 0000839470 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS, MINERALS (NO PETROLEUM) [5050] IRS NUMBER: 752212772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-17171 FILM NUMBER: 99508590 BUSINESS ADDRESS: STREET 1: 12750 MERIT DRIVE STREET 2: SUITE 1210 CITY: DALLAS STATE: TX ZIP: 75251 BUSINESS PHONE: 9723877777 MAIL ADDRESS: STREET 1: 12750 MERIT DRIVE STREET 2: SUITE 1210 CITY: DALLAS STATE: TX ZIP: 75251 8-K 1 FORM 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): December 16, 1998 URANIUM RESOURCES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 0-17171 75-2212772 (STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.) INCORPORATION)
12750 Merit Drive, Suite 1020, Dallas, Texas 75251 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) ZIP CODE 972-387-7777 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) Not Applicable (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) Exhibit Index Begins on Sequentially Numbered Page 4 2 ITEM 5. OTHER EVENTS. Uranium Resources, Inc. has relinquished its rights to the South Texas Alta Mesa uranium in-situ leach deposit. Attempts to renegotiate the terms of the lease were undertaken in December 1998 with definitive notice received mid-January 1999 informing the Company of the landowners intention not to amend the original lease terms. The properties covered by the lease were estimated to contain approximately 4.0 million pounds of recoverable proven and probable uranium reserves. The termination of this lease will result in a pre-tax charge against earnings of approximately $5.0 million in the fourth quarter of 1998. The reduction in the holding value of the Company's uranium properties will be a non-cash charge and will not impact the Company's cash position or liquidity. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS. 99.1 Press Release issued January 20, 1999, by the Registrant announcing the relinquishment of the Alta Mesa lease. 2 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. URANIUM RESOURCES, INC. Date: January 20, 1999 /s/ PAUL K. WILLMOTT --------------------------------------------- Paul K. Willmott, President, Chief Executive Officer and Chairman of the Board of Directors 3 4 EXHIBIT INDEX
EXHIBIT NO. EXHIBIT DESCRIPTION PAGE ----------- ------------------- ---- 99.1 Press Release issued January 20, 1999, by the E-1 Registrant announcing the relinquishment of the Alta Mesa lease.
EX-99.1 2 PRESS RELEASE DATED JANUARY 20, 1999 1 EXHIBIT 99.1 URANIUM RESOURCES, INC. PRESS RELEASE FOR IMMEDIATE RELEASE DALLAS, TEXAS NASDAQ STOCK SYMBOL-URIX January 20, 1999 URANIUM RESOURCES, INC. ANNOUNCES ABANDONMENT OF URANIUM PROPERTY DALLAS, January 20, 1999 -- Uranium Resources, Inc. ("URI") announced that it has relinquished its rights to the South Texas Alta Mesa uranium in-situ leach deposit. Attempts to renegotiate the terms of the lease were undertaken in December 1998 with definitive notice received mid-January 1999 informing the Company of the landowners' intention not to amend the original lease terms. The properties covered by the lease were estimated to contain approximately 4.0 million pounds of recoverable proven and probable uranium reserves. The termination of this lease will result in a pre-tax charge against earnings of approximately $5.0 million in the fourth quarter of 1998. The reduction in the holding value of the Company's uranium properties will be a non-cash charge and will not impact the Company's cash position or liquidity. Paul K. Willmott, Chairman and CEO, stated "Given the outlook of future market conditions, the decision to drop the Alta Mesa property was made after careful consideration of the project's remaining permitting uncertainties, the high capital cost required to place the property into production and the property's high cash cost when compared to the Company's existing licensed production alternatives. The Company concluded that the uranium market would not have sufficiently rebounded in 1999 to allow for the timely commencement of production within the remaining period of the lease term (December 1999) and made the decision to forego the payment required to retain its rights to the property into 1999." Uranium Resources, Inc. is a Dallas based uranium mining company, whose shares trade on the NASDAQ National Market System under the symbol URIX. The Company specializes in in-situ solution mining and holds substantial uranium reserves in South Texas and New Mexico. CONTACTS: Paul K. Willmott, President, or Thomas H. Ehrlich, Vice President - CFO Uranium Resources, Inc. (972) 387-7777 (30) E-1 -----END PRIVACY-ENHANCED MESSAGE-----