Uranium Resources, Inc. Announces Exercise and Closing of Over-Allotment Option at $1.16 per Share

Uranium Resources, Inc. URRE announced today that Roth Capital Partners, the sole manager of its recent underwritten registered offering of common stock, has fully exercised their over-allotment option and have purchased an additional 1,072,500 shares at a price of $1.16 per share. The sale of the additional shares closed today. The over-allotment option was granted in conjunction with the Company's underwritten registered offering of 7,150,000 shares completed on November 3, 2010. With the exercise of the over-allotment option, a total of 8,222,500 shares of common stock were sold in the offering with net proceeds to URI of approximately $9.0 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company plans to use the proceeds for general corporate purposes and to fund potential future acquisitions.