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