Uranium Resources, Inc. Outlines Strategic Initiatives for 2011

Uranium Resources, Inc. URRE today provided an update on the Company's activities, its liquidity position as of December 31, 2010 and its strategy and outlook for 2011. During 2010, the Company completed two successful common stock offerings, including the exercise of the over-allotment options, raising $10.4 million in the second quarter and $9.0 million in the fourth quarter. This capital enabled URI to further its strategy of building its asset base in Texas and advancing its properties in New Mexico toward production. Cash at December 31, 2010 was $15.4 million compared with $10.5 million at the end of the trailing third quarter and $6.1 million at the end of 2009. Subsequent to the end of 2010, URI paid $1.0 million for the execution of the South Texas land exploration and lease option agreement, and expects to be reimbursed $0.3 million by its prospective joint venture partner after the signing of an exploration agreement. URI's objectives in Texas are to explore for and develop a larger reserve base, advance current properties through licensing and permitting, lease additional targeted properties and work with its customers to redefine the terms of its sales agreements to enable better margins and greater likelihood of returning to production in Texas. URI's focus in New Mexico is on the completion of its feasibility study which it plans to complete at the end of 2011. It expects that it will be able to report preliminary concepts regarding its priority production property, Church Rock Section 8, and its processing facility plans early in the third quarter of 2011.