0001104659-13-088645.txt : 20131205 0001104659-13-088645.hdr.sgml : 20131205 20131205170514 ACCESSION NUMBER: 0001104659-13-088645 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20131129 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131205 DATE AS OF CHANGE: 20131205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URANIUM RESOURCES INC /DE/ CENTRAL INDEX KEY: 0000839470 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 752212772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33404 FILM NUMBER: 131260485 BUSINESS ADDRESS: STREET 1: 405 STATE HIGHWAY BYPASS 121 STREET 2: BUILDING A, SUITE 110 CITY: LEWISVILLE STATE: TX ZIP: 75067 BUSINESS PHONE: 9722193330 MAIL ADDRESS: STREET 1: 405 STATE HIGHWAY BYPASS 121 STREET 2: BUILDING A, SUITE 110 CITY: LEWISVILLE STATE: TX ZIP: 75067 8-K 1 a13-25817_18k.htm 8-K

 

 

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): November 29, 2013

 

URANIUM RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-33404

 

75-2212772

(State or Other Jurisdiction

 

(Commission File Number)

 

(IRS Employer

of Incorporation)

 

 

 

Identification No.)

 

6950 S. Potomac Street, Suite 300
Centennial, Colorado

 

80112

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (303) 531-0470

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.02                               Termination of a Material Definitive Agreement.

 

On November 29, 2013, Cameco Texas Inc. (“CTI”) notified URI, Inc. (“URI”), a wholly-owned subsidiary of Uranium Resources, Inc. (the “Company”), of CTI’s intent to terminate the Exploration Agreement dated May 10, 2011 between URI and CTI (as amended, the “Exploration Agreement”). The Exploration Agreement set forth the terms of an exploration program relating to the Los Finados and Tecolote projects located in Kenedy County, Texas. Under the Exploration Agreement, CTI funded the majority of the exploration costs and had the opportunity to earn up to a 70% interest in the projects in consideration for its investment.

 

CTI has represented to URI that CTI has paid its share of all exploration expenditures incurred through the termination date and that CTI consequently has no further obligations under the Exploration Agreement.

 

URI continues to retain its rights under the Uranium Mining Lease Option Agreement (as amended), pursuant to which URI has the right (i) to conduct exploration and development activities on the Tecolote project and (ii) to enter into one or more in-situ uranium mining leases covering the exploration lands.

 

Item 8.01                               Other Events.

 

On December 5, 2013, the Company issued a press release relating to the termination of the Exploration Agreement. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01                               Financial Statements and Exhibits.

 

(d)                                 Exhibits.

 

Exhibit No.

 

Description

99.1

 

Press Release dated December 5, 2013.

 

2



 

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 hereunto duly authorized.

 

Dated: December 5, 2013

 

 

 

 

 

 

 

 

URANIUM RESOURCES, INC.

 

 

 

 

 

By:

/s/ Jeffrey L. Vigil

 

Name:

Jeffrey L. Vigil

 

Title:

Vice President—Finance and Chief
Financial Officer

 

3



 

Exhibit Index

 

Exhibit No.

 

Description

99.1

 

Press Release dated December 5, 2013.

 

4


EX-99.1 2 a13-25817_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

NEWS RELEASE

 

6950 South Potomac St.

Suite 300

Centennial, CO  80112

 

Investor Contact:

Deborah K. Pawlowski

Kei Advisors LLC

716.843.3908

dpawlowski@keiadvisors.com

 

Uranium Resources Provides Update on
South Texas Exploration Program

 

Cameco and URI Ending Current Joint Venture

 

CENTENNIAL, CO, December 5, 2013 — Uranium Resources, Inc. (NASDAQ: URRE) (“URI” or the “Company”) today announced that Cameco (NYSE: CCJ) has elected to discontinue the joint venture exploration agreement in Kenedy County, Texas.  This exploration agreement was first announced in May 2011 and was most recently expanded and extended in December 2012.

 

Christopher M. Jones, President and Chief Executive Officer of URI, commented, “This was a greenfield exploration site that to date has not generated significant finds.  Given the current economics of exploration, we certainly understand Cameco’s decision to focus its resources on more developed projects.  We remain committed to developing uranium in South Texas as we aim to leverage our two processing plants in the region.”

 

With the termination of the agreement, Cameco retains no interest in URI’s business activities.

 

About Uranium Resources, Inc.

 

Uranium Resources, Inc. explores for, develops and mines uranium.  URI has over 206,600 acres of uranium mineral holdings in New Mexico, processing facilities and properties in Texas, and an NRC license to produce up to three million pounds of uranium per year.  The Company acquired these properties over the past 20 years, along with an extensive information database of historic drill hole logs, assay certificates, maps and technical reports.

 

Uranium Resources routinely posts news and other information about the Company on its website at www.uraniumresources.com.

 

Safe Harbor Statement

 

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words.  All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the development of uranium properties in Kenedy County and elsewhere in Texas and leveraging the Company’s two processing plants in the region are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the Company’s ability to raise additional capital in the future, spot price and long-term contract price of uranium, the outcome of negotiations with the Navajo Nation, the Company’s ability to reach agreements with current royalty holders, weather conditions, operating conditions at the Company’s mining projects, government and tribal regulation of the mining industry and the nuclear power industry, world-wide uranium supply and demand, availability of capital, maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments and other factors which are more fully described in the Company’s documents filed with the Securities

 



 

and Exchange Commission.  Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

 

###

 

2


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