Uranium Resources Q2 Loss Widens - Quick Facts

(RTTNews) - Uranium Resources Inc. (URRE) reported that its second-quarter 2015 net loss was $4.6 million compared to a net loss of $3.1 million in the second-quarter 2014, which included a non-cash gain in derivative instruments of $0.8 million.

On June 3, 2015, Uranium Resources had entered into a binding Scheme Implementation Agreement under which URI proposes to acquire all of the issued and outstanding securities in Anatolia Energy Limited (AEK.AX) through an exchange of 0.06579 URI share for every one Anatolia share, pending approval by both companies' shareholders.

Uranium Resources today said that its 2015 goals remain unchanged, with the addition of closing of the Merger.

The Company's goals for 2015 are to achieve zero lost time incidents;Complete and evaluate drill results from the phase one exploration drilling programs at Butler Ranch and Alta Mesa Este projects in South Texas; Establish the scope and timing for phase two exploration programs; achieve the targeted cash expenditure level of $9.0 million, excluding the transaction costs for the Merger, Anatolia's operating costs post-merger and other transactions.