Exhibit 99.1

Uranium Resources, Inc. Updates Vasquez Operations

    LEWISVILLE, Texas--(BUSINESS WIRE)--Nov. 8, 2004--Uranium
Resources, Inc. (OTCBB:URIX)("URI") announced that the ramp up of
uranium production from its Vasquez property has been slower than
originally projected. Paul K. Willmott, Chairman and President of the
Company stated that current production rates are continuing to
increase daily and that additional wells are being brought online. Mr.
Willmott stated that a continuance of the daily improvement should
result in the originally projected production rates being achieved by
year end. He said that ore grades are as expected.
    Mr. Willmott stated that the lower than anticipated initial
production rates means that production for 2004 should be
approximately 115,000 pounds rather than the previously announced
300,000 to 350,000 pounds. The Company now expects to sell 100,000
pounds during the fourth quarter rather than the previously announced
231,000 pounds, with the difference being moved into 2005 sales. The
fourth quarter sales will also occur later in the quarter than
originally projected. The shift in sales will defer revenues into the
first quarter of 2005, and the Company currently expects that it will
be able to satisfy any resulting cash needs through the exercise of
certain options by one or more officers of the Company and certain
other sources. The Company expects that deliveries during 2005 through
2008 should be met as originally announced under two contracts entered
into in August 2003 and January 2004 at the then prevailing rates for
long-term contracts.
    Mr. Willmott also said that the Company is investigating a
possible listing on the Toronto Stock Exchange.

    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, 972-219-3330
             or
             Thomas H. Ehrlich, 972-219-3330