-----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, TIC+/WEXBpqzfwTPywICq4oMAeUI85G2xYD/Bg/qsV+lRMMArayhDHSzUSOJGwU6 4ORcgbdEz+IPuOxSmsZyTw== 0001157523-04-009342.txt : 20041018 0001157523-04-009342.hdr.sgml : 20041018 20041018140011 ACCESSION NUMBER: 0001157523-04-009342 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041018 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041018 DATE AS OF CHANGE: 20041018 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: 1934 Act SEC FILE NUMBER: 000-17171 FILM NUMBER: 041082839 BUSINESS ADDRESS: STREET 1: 12750 MERIT DRIVE STREET 2: SUITE 720 CITY: DALLAS STATE: TX ZIP: 75251 BUSINESS PHONE: 9723877777 MAIL ADDRESS: STREET 1: 12750 MERIT DRIVE STREET 2: SUITE 720 CITY: DALLAS STATE: TX ZIP: 75251 8-K 1 a4743571.txt URANIUM RESOURCES 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): October 18, 2004 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 incorporation) Identification No.) 650 South Edmonds, Suite 108, Lewisville, TX 75067 (Address of principal executive offices) Zip Code (972) 219-3330 -------------- (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) Exhibit Index Begins on Sequentially Numbered Page 4 Items 7.01 Regulation FD Disclosure and Item 8.01 Other Events On October 18, 2004 the Registrant issued a press release that announced the commencement of uranium production at its Vasquez insitu leach property in South Texas, its current operating plans and the initiation of quotation of its shares on the OTC Bulletin Board. Item 9.01 Financial Statements and Exhibits (c) Exhibits. 99.1 - Press Release issued October 18, 2004, by the Registrant. 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 thereunto duly authorized. URANIUM RESOURCES, INC. Date: October 18, 2004 /s/ Paul K. Willmott -------------------------------------------- Paul K. Willmott President, Chief Executive Officer and Chairman of the Board of Directors 3 EXHIBIT INDEX Exhibit No. Exhibit Description Page - ----------- ------------------- ---- 99.1 Press Release issued October 18, E-1 2004, by the Registrant. 4 EX-99.1 2 a4743571ex991.txt EXHIBIT 99.1 Exhibit 99.1 Uranium Resources, Inc. Announces Commencement of Vasquez Production, Current Operating Plans and Quotation of Its Common Stock on the OTC Bulletin Board LEWISVILLE, Texas--(BUSINESS WIRE)--Oct. 18, 2004--Uranium Resources, Inc. ("URI") (OTCBB:URIX)(Pink Sheets:URIX) announced today that it has commenced uranium production at its Vasquez in-situ leach property. URI expects Vasquez to produce 300,000 to 350,000 pounds of uranium in 2004. The first sales are scheduled for the fourth quarter of 2004, with 231,000 pounds scheduled for delivery. With these 2004 deliveries, we have eliminated the Company's need to secure the previously disclosed $2.2 million of inventory financing requirements in 2004. In 2005 we expect to deliver between 414,000 and 459,000 pounds, with 600,000 pounds scheduled for delivery in each of the years 2006 through 2008. The 2004 deliveries, all of the 2006 through 2008 deliveries, and 300,000 pounds of the deliveries in 2005 are subject to quantity flexibility, allowing, at the option of the buyer an increase or decrease to their deliveries by 15%. Paul K. Willmott, Chairman and President of the Company stated that the Company's uranium production at Vasquez marks a milestone in the Company's history. Through the dedication and perseverance of URI's employees and investors, URI has been able to weather the extended downturn of the uranium marketplace in the late 1990's and early 2000's to emerge again as a strong and growing Company. Production from Vasquez is the first step in URI's plan to bring on additional uranium projects in South Texas and New Mexico. Mr. Willmott stated that the Company is pursuing plans for the development of its existing property at Kingsville Dome in South Texas with the goal to bring that property into production in mid to late 2005 and also to develop its Churchrock property in New Mexico, possibly as early as 2007. Mr. Willmott stated that the Company is engaged in exploratory discussions with a number of sources regarding the funding to finance these projects. Mr. Willmott stated that the Company is positioned to capitalize on the continuing strength in the uranium marketplace. URI also announced that beginning October 15, 2004 shares of its common stock ($0.001 par value) became eligible and began quotation on the OTC Bulletin Board under the symbol URIX. Currently the Company's shares are quoted on both the OTC Bulletin Board and the Pink Sheets. This press release contains "forward-looking statements." These include, without limitation, statements relating to future mining plans, production and other such matters. The words "expect," "anticipate," "estimate," or "plan" and similar expressions identify forward-looking statements. Such statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. The Company does not undertake to update, revise or correct any of the forward-looking information. Factors that could cause actual results to differ materially from the Company's expectations expressed in the forward-looking statements include, but are not limited to, the following: industry conditions; volatility of uranium prices; operational risks; potential liabilities, delays and associated costs imposed by government regulation (including environmental regulation); inability to raise the funds for the substantial capital expenditures required to fund operations; and risks related to exploration and developmental drilling. For a more complete explanation of these various factors, see "Cautionary Statements" included in the Company's latest Annual Report on Form 10-KSB filed with the Securities and Exchange Commission. Uranium Resources, Inc. is a Dallas area-based uranium-mining company whose shares are quoted on the OTC Bulletin Board under the symbol URIX. The Company specializes in in-situ solution mining and holds substantial uranium mineralization in South Texas and New Mexico. CONTACT: Uranium Resources, Inc. Paul K. Willmott or Thomas H. Ehrlich, 972-219-3330 -----END PRIVACY-ENHANCED MESSAGE-----