Switch to:
Also traded in: Australia, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 2/10

vs
industry
vs
history
Cash-to-Debt 0.61
URRE's Cash-to-Debt is ranked lower than
69% of the 1545 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 291.20 vs. URRE: 0.61 )
Ranked among companies with meaningful Cash-to-Debt only.
URRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07  Med: 1.01 Max: 24.08
Current: 0.61
0.07
24.08
Piotroski F-Score: 4
Altman Z-Score: -5.10
Beneish M-Score: -3.23
WACC vs ROIC
15.69%
-29.28%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
ROE % -48.15
URRE's ROE % is ranked lower than
75% of the 1395 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -10.31 vs. URRE: -48.15 )
Ranked among companies with meaningful ROE % only.
URRE' s ROE % Range Over the Past 10 Years
Min: -71.26  Med: -43.02 Max: 2.71
Current: -48.15
-71.26
2.71
ROA % -34.44
URRE's ROA % is ranked lower than
71% of the 1566 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -9.58 vs. URRE: -34.44 )
Ranked among companies with meaningful ROA % only.
URRE' s ROA % Range Over the Past 10 Years
Min: -55.13  Med: -31.93 Max: 2.18
Current: -34.44
-55.13
2.18
ROC (Joel Greenblatt) % -34.91
URRE's ROC (Joel Greenblatt) % is ranked lower than
64% of the 1487 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -13.76 vs. URRE: -34.91 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
URRE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -94.26  Med: -54.36 Max: 1.26
Current: -34.91
-94.26
1.26
3-Year EBITDA Growth Rate -36.20
URRE's 3-Year EBITDA Growth Rate is ranked lower than
72% of the 1105 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -18.10 vs. URRE: -36.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
URRE' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -75.2  Med: -32.55 Max: 66.6
Current: -36.2
-75.2
66.6
3-Year EPS without NRI Growth Rate -33.60
URRE's 3-Year EPS without NRI Growth Rate is ranked lower than
64% of the 990 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -20.60 vs. URRE: -33.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
URRE' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -75.2  Med: -24.05 Max: 135.6
Current: -33.6
-75.2
135.6
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» URRE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

URRE Guru Trades in

URRE Guru Trades in

Q3 2016

URRE Guru Trades in Q3 2016

Jim Simons 24,939 sh (New)
» More
Q4 2016

URRE Guru Trades in Q4 2016

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with URRE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Metals & Mining » Industrial Metals & Minerals    NAICS: 212291    SIC: 1094
Compare:OTCPK:PENMF, OTCPK:CXBMF, AMEX:GMO, OTCPK:NHVCF, OTCPK:FTMDF, OTCPK:GARWF, OTCPK:HUDRF, OTCPK:SMDZF, OTCPK:WTRNF, OTCPK:MGXMF, OTCPK:APRAF, OTCPK:ZENYF, OTCPK:GVXXF, OTCPK:LEMIF, OTCPK:LVNVF, OTCPK:SVBRF, OTCPK:BFDRF, OTCPK:KOOYF, OTCPK:GYSLF, OTCPK:AUIAF » details
Traded in other countries:URI.Australia, UCCN.Germany,
Headquarter Location:USA
Uranium Resources Inc is an energy metals exploration and development company. It explores properties with lithium and uranium exploration potential, a uranium development property in the Republic of Turkey, as well as idled uranium production properties.

Uranium Resources Inc was organized in 1977. The Company is a uranium exploration, development and production company. It is engaged in the business of acquiring, exploring, developing and mining uranium projects in South Texas, using the in-situ recovery process. It also has approximately 206,900 acres of mineral holdings in the State of New Mexico and a Nuclear Regulatory Commission ("NRC") license to produce up to 3.0 million pounds per annum of uranium on certain of our New Mexico projects. The Company manages its business under one reportable segment: uranium mining. It competes with multiple exploration companies for both properties as well as skilled personnel. Its uranium production also competes with uranium recovered from the de-enrichment of highly enriched uranium obtained from the dismantlement of United States and Russian nuclear weapons and imports to the United States of uranium from the former Soviet Union and from the sale of uranium inventory held by the United States Department of Energy. The Company has radioactive material license and underground injection control permit for the Kingsville Dome project have been issued.

Top Ranked Articles about Uranium Resources Inc

Uranium Resources to Present at Mines and Money New York Conference
Uranium Resources to Present at Planet MicroCap Showcase
Uranium Resources Announces Positive Geophysical Results at its Columbus Basin Lithium Project
Uranium Resources Announces Option Agreement to Purchase Lithium Brine Claims Expanding its Columbus Basin Project in Nevada

CENTENNIAL, Colo., March 27, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (URI) (NASDAQ:URRE) (ASX:URI), announced today that its wholly-owned subsidiary, Lithium Holdings Nevada LLC, entered into an Option Agreement on March 24, 2017 to purchase a block of unpatented placer mining claims covering an area of approximately 3,040 acres within the Columbus Salt Marsh area of Esmeralda County, Nevada.  The claims adjoin a portion of the Company’s current property holdings at its Columbus Basin Project, expanding the project area within the basin to over 14,200 acres.
As consideration for the grant of the option, URI made a one-time cash payment of $75,000 and will pay to the Bureau of Land Management the annual mining claim maintenance fees associated with the claims by August 15, 2017, estimated at $23,560. During the one-year Option Period, URI will have the right to conduct exploration activities on the claims. Under the provisions of the Option Agreement, the Company may acquire, on or before March 24, 2018, an undivided 100% interest in the mineral property claims for the following consideration: 200,000 shares of URI common stock at closing, with a registration statement to be filed with the SEC within 90 days of issue;A 1% net smelter return royalty (NSR) payable from any production and sale of lithium derived from the claims. Chris Jones, URI’s President and CEO said, “We continue to be excited about the potential of the Columbus Basin Project.  This is a considerable addition to our holdings there, and expands our coverage in what we believe to be the deepest and highest potential part of the basin.  We will immediately integrate this ground into our exploration plans for this year.” About the Optioned Mining Claims The claims subject to this Option Agreement are situated in the southern portion of the Columbus Salt Marsh, a closed drainage basin located in western Nevada, approximately 45 miles (72 kilometers) west of the town of Tonopah and about 140 miles (227 kilometers) southeast of the city of Reno. The claim block is contiguous with URI’s western claim block at the Columbus Basin Project, and is situated over a portion of the deepest area of the basin, as identified by geophysical survey data. Previously completed grid geochemical sampling by URI personnel across the Columbus Basin detected strong lithium anomalies in near surface sediments (please refer to our News Release of February 22, 2017 for details) that appear to extend onto the claims covered by this Option Agreement. In addition to the results of URI’s detailed sampling plan on the claims adjacent to the Optioned property, the property owner collected a brine sample from a shallow pit on the optioned claims that returned a value of 240 mg/L (milligrams per liter) of lithium, as reported by Western Environmental Testing Laboratory (WETLAB), an independent analytical laboratory based in Reno, Nevada. This result is similar to assays received by the Company for samples previously collected from this locality. These geochemical results highlight the potential of the Columbus Basin project area for the discovery of lithium-enriched brines. The claims acquired through the Option Agreement will be immediately integrated into the URI’s planned exploration activities for 2017.  Those activities include the completion of the ongoing geophysical data review and reinterpretation (please refer to our News Release of March 6, 2017),  additional geophysical survey work to complement the existing acquired data, and finalization of a drilling and hydrogeologic field program to be executed in the second half of 2017. About Uranium Resources URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position in two prospective lithium brine basins in Nevada and Utah for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drill hole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. Cautionary Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company’s projects, including future exploration costs and results on the optioned claims, are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to raise additional capital in the future; (b) spot price and long-term contract price of uranium and lithium; (c) risks associated with our foreign operations, (d) operating conditions at the Company’s projects; (e) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (f) world-wide uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (g) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (i) the ability of the Company to enter into and successfully close acquisitions or other material transactions;  (j) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, and (k) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release. Competent Person’s Statement Technical information in this news release is based on data reviewed by Matthew Hartmann, who is Director – Technical Services of Uranium Resources, Inc.  Mr. Hartmann is a “Qualified Person” as defined by Canadian National Instrument 43-101, and a “Competent Person” as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves” (JORC Code).  He is a Licensed Professional Geologist, and a Registered Member of the Society of Mining, Metallurgy & Exploration (No. 4170350RM).  Mr. Hartmann has appropriate experience that is relevant to the evaluation of the style and nature of mineral deposits relating to this document.  Mr. Hartmann consents to the inclusion in this release of the matters based on their information in the form and context in which they appear.
Uranium Resources Contact:
Christopher M. Jones, President and CEO
303.531.0472

Jeff Vigil, CFO and VP Finance
303.531.0473

[email protected]
www.uraniumresources.com

Read more...
Uranium Resources to Present Update on its Energy Metals Business at ROTH Investment Conference in California

CENTENNIAL, Colo., March 09, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (NASDAQ:URRE) (ASX:URI), an energy metals exploration and development company, announced that President and Chief Executive Officer Christopher M. Jones will be presenting at the 29th Annual ROTH Conference in Dana Point, California  at 10:30 a.m. Pacific Time on Wednesday, March 15, 2017. The ROTH Conference is organized by ROTH Capital Partners and is one of the largest investment conferences in the United States. In his presentation, Mr. Jones will describe the Company’s expansion into lithium exploration and development, and provide an update on its overall business improvement efforts and successes. The presentation will be webcast live on the Company’s website under Investors/Presentations. In addition to the presentation at the conference, Mr. Jones will be meeting with investors and analysts.  About Uranium Resources (URI) URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drillhole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. Cautionary Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the future financing of the Company, the Company’s expected burn rate, expected prices of uranium and lithium and developments at the Company’s projects, including future exploration costs and results, are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to: (a) the Company's ability to raise additional capital in the future; (b) spot price and long-term contract price of uranium and lithium; (c) risks associated with our foreign operations, (d) operating conditions at the Company's projects; (e) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (f) world-wide uranium and lithium supply and demand, including the supply and demand for lithium based batteries; (g) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (i) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects and potential mineral resource estimate within the projected timeframe, and (j) other factors which are more fully described in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company's forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Uranium Resources Contact:
Christopher M. Jones, President and CEO
303.531.0472

Jeff Vigil, VP Finance and CFO
303.531.0473

Email: [email protected]
Website: www.uraniumresources.com

Read more...
Uranium Resources Announces Update on Columbus Basin Lithium Project Activities

CENTENNIAL, Colo., March 06, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (NASDAQ:URRE) (ASX:URI), an energy metals development company, announced today that it has completed certain key activities in support of ongoing work at the Columbus Basin Project, including the acquisition of geophysical data from a major mining company and the submittal of two water rights applications to the State of Nevada.
Chris Jones, URI’s President and CEO said, “We have significantly reduced the cost and schedule for our exploration activities at the Columbus Basin Project with the acquisition of geophysical data and are excited about the potential of this project.   Additionally, our water rights application is key to brine production and has real potential to put URI in a prime position to develop any resources we discover.” Geophysical Data URI has acquired a license for a substantial amount of geophysical data from two parties previously engaged in mineral exploration adjacent to the Columbus Basin Project.  The geophysical data covers the southern half of the Columbus Salt Marsh, including a significant portion of the Company’s 11,200 acre Columbus Basin Project.  The license allows URI to utilize data from previously completed gravity surveys and a magnetotelluric (MT) survey for further analysis and evaluation of the project. URI has also engaged a consulting geophysicist to integrate and reinterpret this data with other geophysical data in possession of the Company.  This work is presently ongoing.  Following integration and reinterpretation of the available data, URI will determine the necessity and scope of further geophysical surveys within the Columbus Basin Project.  The results of the geophysical data studies will be combined with geological and geochemical sampling data (please refer to the News Release of February 22, 2017 for details) to guide our forthcoming exploration drilling program at the project.   Water Rights URI subsidiary Lithium Holdings Nevada, LLC has submitted two water rights applications to the Nevada Division of Water Resources (NDWR).  Unlike other basins in Nevada that are prospective for lithium brine development, water rights in the Columbus Salt Marsh basin are not over-allocated and there are significant groundwater resources available for appropriation through the water rights application process.  Each water rights application submitted requests a 2 cubic foot per second (cfs) point of diversion, equating to a total of approximately 3,000 acre feet per year (af/yr) between the two applications.  Although there is some uncertainty with all water rights application processes, the Company believes that one or both of the water rights applications can be approved by NDWR by the end of 2017. About URI’s Columbus Basin Project The Columbus Basin Project is located within the Columbus Salt Marsh Basin of western Nevada, approximately 45 miles (72 kilometers) west of the town of Tonopah, Nevada, 140 miles (227 kilometers) southeast of the city of Reno and 137 miles (221 kilometers) southeast of Tesla Motors’ “Gigafactory”. The Columbus Basin Project is approximately 27 miles (43 kilometers) northwest of the Clayton Valley/Silver Peak lithium brine operation of Albemarle Corporation, the only lithium brine production facility in the United States. The Columbus Salt Marsh is a closed drainage basin that covers an area of approximately 370 square miles (960 square kilometers) with a geologic setting that is dominated by lake and basin-fill sediments that have been past sources of borate and salt production. The basin is bounded on its south and east sides by Tertiary-age volcanic rocks, including some that are considered to be potential source rocks for lithium. The approximately 11,200 acre Columbus Basin Project was acquired through staking in 2016, and is 100% owned by URI through its subsidiaries. URI is presently advancing through a series of exploration activities to determine the potential of economic concentrations of lithium within the subsurface brines of the basin. About Uranium Resources URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drill hole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. Cautionary Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company’s projects, including future exploration costs and results, the expected approval and timing of the water rights applications and the anticipated benefits of the acquired geophysical data, are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to raise additional capital in the future; (b) spot price and long-term contract price of uranium and lithium; (c) risks associated with our foreign operations, (d) operating conditions at the Company’s projects; (e) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (f) world-wide uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (g) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (i) the ability of the Company to enter into and successfully close acquisitions or other material transactions;  (j) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, and (k) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release. Competent Person’s Statement Technical information in this news release is based on data reviewed by Matthew Hartmann, who is Director – Technical Services of Uranium Resources, Inc.  Mr. Hartmann is a “Qualified Person” as defined by Canadian National Instrument 43-101, and a “Competent Person” as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves” (JORC Code).  He is a Licensed Professional Geologist, and a Registered Member of the Society of Mining, Metallurgy & Exploration (No. 4170350RM).  Mr. Hartmann has appropriate experience that is relevant to the evaluation of the style and nature of mineral deposits relating to this document.  Mr. Hartmann consents to the inclusion in this release of the matters based on their information in the form and context in which they appear.  

Uranium Resources Contact:
Christopher M. Jones, President and CEO                                            
303.531.0472     

Jeff Vigil, VP Finance and CFO 
303.531.0473

Email: [email protected]
Website: www.uraniumresources.com



Read more...
Uranium Resources Reports 2016 Results

CENTENNIAL, Colo., March 02, 2017 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (NASDAQ:URRE) (ASX:URI), an energy metals exploration and development company, announced today its fiscal year end operating results for 2016 and key business highlights for 2016 and to date.
Christopher M. Jones, President and Chief Executive Officer, said, “Even while developing a new lithium business, we managed our costs lower in 2016.  With a strong treasury position and vastly improved balance sheet, we enter 2017 in excellent shape to push our business forward.” Key Business Highlights for 2016 and to Date Acquisition of lithium properties. The Company’s expansion into lithium development included the acquisition of dominant land positions in two prospective basins for lithium brines in the western United States – the Columbus Basin Project in Nevada and the Sal Rica Project in Utah. The Company first announced that it had initiated a lithium exploration and development business on August 24, 2016.Uranium operations.  In 2016 the Company continued to maintain its uranium properties on standby, awaiting improved uranium prices.  Activities included continued restoration/reclamation activities in South Texas, while in New Mexico, the Company is currently in negotiations for extensions on the Cebolleta and Juan Tafoya leases.  The Company’s Temrezli property in Turkey is also being maintained on standby.Laramide asset sale. On January 5, 2017, the Company closed the sale of its Crownpoint and Churchrock properties in New Mexico to Laramide Resources Ltd. (“Laramide”).  At the closing, the Company received $2.25 million in cash, common stock and warrants from Laramide valued at $0.5 million, a three-year secured promissory note in the amount of $5.0 million, and other consideration.  The Company had received a non-refundable payment of $250,000 from Laramide in October 2016.Equity capital raises.  In 2016, the Company raised net proceeds of $14.5 million, comprised of $2.0 million from two registered direct offerings, $6.7 million from sales under the Company’s common stock purchase agreement with Aspire Capital Fund LLC, and $5.8 million from sales through the Company’s At-The-Market sales agreement.  In 2017 to date, the Company has raised net proceeds of $13.4 million, comprised of a registered direct offering of $4.5 million which closed on February 16, 2017, and $8.9 million from the sale of common stock and pre-funded warrants in a confidentially marketed public offering which closed on January 19, 2017.  All warrants have been exercised.RCF loan retired.  Between December 5 and December 22, 2016, the Company issued 2,487,562 shares of common stock to Esousa Holdings LLC (“Esousa”) under the terms of an Exchange Agreement to retire $2.5 million of the $8.0 million loan with Resource Capital Fund V L.P. (“RCF”).  Esousa had purchased the $2.5 million note from RCF under a separate agreement.  On February 9, 2017, the Company paid $5.7 million out of treasury to repay the remaining principal and interest amounts due and outstanding under the RCF loan agreement, and the loan agreement was thereby terminated.  In connection with the termination of the loan agreement, all security interests and pledges granted to RCF by the Company and certain of its subsidiaries were terminated and in due course will be released.Cash balance.  At February 28, 2017, after payment of the RCF loan, the Company has approximately $10.4 million in treasury. Key Financial Highlights Net loss. Net loss for the 12 months ended December 31, 2016 is $19.6 million compared to a net loss of $15.1 million during the same period in 2015.  The primary difference in the comparative net loss was a one-time gain of $4.3 million from the sale of the Roca Honda project to Energy Fuels Inc. in 2015.  2016 includes a non-cash loss on extinguishment of RCF debt in the amount of $3.3 million related to the exchange agreement between the Company and Esousa which is the difference between the fair value of the shares exchanged with Esousa and the fair value of the shares that would have been issuable to RCF.Operating expenses.  Mineral property costs decreased by $1.2 million year-over-year mostly due to reductions in land maintenance costs and holding costs.  General and administrative costs increased year-over-year slightly by $0.2 million, primarily due to increased legal costs associated with Kingsville Dome permit renewal process and the financing transactions in 2016.Cash and working capital. Continued working capital improvements resulted in an improved cash balance of $3.3 million at December 31, 2016, and a reduction in accounts payable from $3.0 million at December 31, 2015 to $0.6 million at December 31, 2016.   As of February 28, 2017, the Company held cash and cash equivalents totaling approximately $10.4 million.Shares outstanding.  Total shares outstanding at March 2, 2017 are 24,493,374. Table 1: Financial Summary (no change from preliminary results released on February 13, 2017) ($ and Shares in 000, Except Per Share)20162015VarianceNet Cash Used in Operations$   (12,309)$(12,019)2%Mineral Property Expenses (3,248) (4,470)-27%General and Administrative, including Non-cash Stock Compensation (7,650) (7,488)2%Net Loss$   (19,605)$(15,143)29%Net Loss Per Share$   (3.73)$(5.63)-34%Avg. Weighted Shares Outstanding   5,252   2,691 95%     Industry Update Lithium Industry The primary use for lithium is a key ingredient in rechargeable batteries for electronic devices and electric vehicles.   Lithium ion batteries, as they are known, have been adopted as the standard method of powering electronic devices such as smart phones and small, portable computers for some time, but it is the transportation market that is expected to drive growth for the next decade.   Growth in consumption of lithium is expected to average over 6% annually between now and 2025, according to CRU International Limited, with the transportation sector accounting for much of this growth.   This major component is expected to rise from 20% to 39% of total demand over the next seven years. At the same time, lithium prices have risen in response to increased demand.   Lithium Carbonate (“LCE”) is one form of lithium used for battery manufacturing, and prices have risen from $5,792 per metric ton in 2015 to $7,300 per metric ton in just over a year.  Lithium Hydroxide, a second form of the material, prices have risen from $6,974 per metric ton to over $23,000 per metric ton during the same period. URI’s new business targets production of lithium from lithium salts from brines.  This is typically the lowest cost type of processing.   While the technologies are well known in some respects, it takes time for deposits to be discovered and developed, which should result in a supply deficit over the next few years.   We believe that expected higher prices should encourage investment in the sector and bring new sources of production online over time.  CRU International Limited expects long term lithium prices to stabilize at approximately $6,400 per metric ton and $9,400 per metric ton for lithium carbonate and lithium hydroxide, respectively.  These are considerably higher than the historic prices for these products. URI is targeting exploration and development of lithium brines because they are characteristically in the lowest operating cost quartile of production, and would be more likely to be profitable in the markets described above. Uranium Industry The significant commercial use for uranium is as a fuel for nuclear power plants for the generation of electricity. According to the World Nuclear Association (“WNA”), as of January 2017, there were 406 nuclear reactors operable worldwide with annual requirements of about 138 million pounds of uranium, excluding Japan and its 41 operable but idled reactors. Thirty countries including Japan utilized nuclear power in 2016. In addition, the WNA lists 60 reactors under construction, 164 being planned and 347 being proposed. While global nuclear power generation is expected to increase driving demand through 2030, especially in China, Russia, India and South Korea, UxC Consulting projects continued oversupply and low uncovered demand over the near-to-medium term due to higher inventory levels at utilities. During 2016, term contracting was weak and focused on shorter period mid-term contracts. This restrained the spot market as discretionary buying was also weak. UxC projects that global nuclear power generation will expand to 518 reactors in 36 countries by 2030. Worldwide uranium production or primary supply in 2016 is estimated by UxC Consulting in its Q4 2016 report at 160 million pounds of U3O8. This is compared with 158 million pounds of primary supply in 2015. Total supply in 2016, including secondary supplies, is expected to total 206 million pounds. Secondary supplies are derived from sales from governments, including the US government, enricher services and commercial inventories. In 2016, the average weekly spot price of uranium was $26.42 per pound compared with $36.83 in 2015. During 2016, the weekly spot price of uranium reached a high of $34.85 in January and a low of $18 in December. The year-end 2016 spot price was $20.25. As of March 1, 2017, the weekly spot price was $24.50 per pound. Some analysts project that uranium prices may have bottomed and expect gradually recovering uranium prices from a supply deficit as uranium market fundamentals for supply and demand improve over time.  Secondary supply inventories continue to weigh on the uranium market in the near term but are expected to reduce from depleted government inventories and a rebalancing of the enrichment sector, according to UxC. Demand for uranium is expected to improve from an increase of nuclear power generation in China and other countries. Outlook The Company’s current cash is expected to fund critical operations through year-end 2017 and into early 2018.  As an exploration and development company with no current production, the Company also expects to obtain capital market financing, including the possible further sale of non-core assets, to fund its lithium exploration program and to operate the Company in 2017. The Company’s goals for the remainder of 2017 are to: Lithium: Continue to develop and implement exploration plans for the Company’s lithium assets in Nevada and Utah.Uranium:  Maintain our low-cost uranium portfolio and continue reclamation work in Texas.Ongoing Cost Rationalization Efforts: Continue to reduce operating and general and administrative expenditures in 2017.M&A Efforts Continue.  Maintain an opportunistic posture in mergers and acquisitions by focusing on low-cost development opportunities in energy metals. About Uranium Resources URI is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price.  The Company has developed a dominant land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there.  In addition, URI remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres (over 16,000 ha) with numerous exploration targets, including the potential satellite Sefaatli Project, which is 30 miles (48 km) southwest of the Temrezli Project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres (75,300 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977, URI also owns an extensive information database of historic drill hole logs, assay certificates, maps and technical reports for uranium properties located in the Western United States. Cautionary Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company’s projects, including future exploration costs and results, and the Company’s liquidity are forward-looking statements.  Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  These risk factors and uncertainties include, but are not limited to, (a) estimated or expected net cash used in operations, mineral property expenses, general and administrative expenses, net loss, and cash and working capital positions for the twelve months ended December 31, 2016, (b) the Company’s ability to raise additional capital in the future; (c) spot price and long-term contract price of uranium and lithium; (d) risks associated with our foreign operations, (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the uranium industry, the lithium industry, and the power industry; (g) world-wide uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates, including in Texas, New Mexico, Utah, Nevada and Turkey; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions;  (k) the results of the Company’s lithium brine exploration activities at the Columbus Basin and Sal Rica Projects, (l) the ability of the Company to negotiate extensions on the Cebolleta and Juan Tafoya leases and (m) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Uranium Resources Contact:
Christopher M. Jones, President and CEO
303.531.0472

Jeff Vigil, VP Finance and CFO
303.531.0473

Email: [email protected]
Website: www.uraniumresources.com

Read more...

Ratios

vs
industry
vs
history
PB Ratio 0.55
URRE's PB Ratio is ranked higher than
88% of the 1388 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.03 vs. URRE: 0.55 )
Ranked among companies with meaningful PB Ratio only.
URRE' s PB Ratio Range Over the Past 10 Years
Min: 0.03  Med: 1.64 Max: 16.2
Current: 0.55
0.03
16.2
EV-to-EBIT -2.59
URRE's EV-to-EBIT is ranked lower than
99.99% of the 904 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 20.02 vs. URRE: -2.59 )
Ranked among companies with meaningful EV-to-EBIT only.
URRE' s EV-to-EBIT Range Over the Past 10 Years
Min: -3966.1  Med: -1.5 Max: 2159
Current: -2.59
-3966.1
2159
EV-to-EBITDA -2.63
URRE's EV-to-EBITDA is ranked lower than
99.99% of the 971 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 10.14 vs. URRE: -2.63 )
Ranked among companies with meaningful EV-to-EBITDA only.
URRE' s EV-to-EBITDA Range Over the Past 10 Years
Min: -289.5  Med: -1.2 Max: 139.1
Current: -2.63
-289.5
139.1
Current Ratio 0.48
URRE's Current Ratio is ranked lower than
82% of the 1502 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.17 vs. URRE: 0.48 )
Ranked among companies with meaningful Current Ratio only.
URRE' s Current Ratio Range Over the Past 10 Years
Min: 0.12  Med: 1.51 Max: 5.05
Current: 0.48
0.12
5.05
Quick Ratio 0.48
URRE's Quick Ratio is ranked lower than
78% of the 1502 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 1.71 vs. URRE: 0.48 )
Ranked among companies with meaningful Quick Ratio only.
URRE' s Quick Ratio Range Over the Past 10 Years
Min: 0.12  Med: 1.34 Max: 4.7
Current: 0.48
0.12
4.7
Days Payable 68.55
URRE's Days Payable is ranked higher than
63% of the 464 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 47.37 vs. URRE: 68.55 )
Ranked among companies with meaningful Days Payable only.
URRE' s Days Payable Range Over the Past 10 Years
Min: 53.94  Med: 84.98 Max: 248.72
Current: 68.55
53.94
248.72

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -104.60
URRE's 3-Year Average Share Buyback Ratio is ranked lower than
95% of the 1131 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -12.90 vs. URRE: -104.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
URRE' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -104.6  Med: -34.4 Max: -3
Current: -104.6
-104.6
-3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.55
URRE's Price-to-Tangible-Book is ranked higher than
89% of the 1342 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.29 vs. URRE: 0.55 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
URRE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.18  Med: 1.51 Max: 15.37
Current: 0.55
0.18
15.37
Earnings Yield (Greenblatt) % -38.61
URRE's Earnings Yield (Greenblatt) % is ranked lower than
99.99% of the 1748 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -0.10 vs. URRE: -38.61 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
URRE' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -38.61  Med: 132.15 Max: 2601.6
Current: -38.61
-38.61
2601.6

More Statistics

EPS (TTM) $ -3.91
Beta1.47
Short Percentage of Float14.07%
52-Week Range $0.97 - 4.00
Shares Outstanding (Mil)24.49

Analyst Estimate

Dec17
Revenue (Mil $)
EPS ($) -0.52
EPS without NRI ($) -0.52
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for URRE

Headlines

Articles On GuruFocus.com
Uranium Resources to Present at Mines and Money New York Conference Apr 27 2017 
Uranium Resources to Present at Planet MicroCap Showcase Apr 20 2017 
Uranium Resources Announces Positive Geophysical Results at its Columbus Basin Lithium Project Apr 05 2017 
Uranium Resources Announces Option Agreement to Purchase Lithium Brine Claims Expanding its Columbus Mar 27 2017 
Uranium Resources to Present Update on its Energy Metals Business at ROTH Investment Conference in C Mar 09 2017 
Uranium Resources Announces Update on Columbus Basin Lithium Project Activities Mar 06 2017 
Uranium Resources Reports 2016 Results Mar 02 2017 
Weekly CFO sells Highlight: URZ, ONNN, JDSU, URRE Jan 16 2011 
Uranium Resources Inc. (URRE) Vice President & CFO Thomas H Ehrlich sells 49,500 Shares Jan 14 2011 
Uranium Resources Inc. (URRE) Executive Chairman Paul Kenneth Willmott sells 310,736 Shares Jan 14 2011 

More From Other Websites
Uranium Resources to Present at Mines and Money New York Conference Apr 27 2017
Uranium Resources to Present at Planet MicroCap Showcase Apr 20 2017
Uranium Resources Announces Positive Geophysical Results at its Columbus Basin Lithium Project Apr 05 2017
Uranium Resources Announces Option Agreement to Purchase Lithium Brine Claims Expanding its Columbus... Mar 27 2017
Uranium Resources to Present Update on its Energy Metals Business at ROTH Investment Conference in... Mar 09 2017
Uranium Resources Announces Update on Columbus Basin Lithium Project Activities Mar 06 2017
Uranium Resources Reports 2016 Results Mar 02 2017
Uranium Resources Announces 2016 Results & Energy Metals Business Update Conference Call Feb 27 2017
Uranium Resources Reports Favorable Lithium Concentrations at the Columbus Basin Project Feb 22 2017
Uranium Resources Announces $4.5 Million Sale of Common Stock Feb 16 2017
Uranium Stocks Soar as President Trumps Supports Nuclear Energy: Today's Reports on Cameco and... Feb 15 2017
Uranium Resources Reports Preliminary 2016 Results Feb 13 2017
Uranium Resources Special Meeting Not Convened; RCF Debt To Be Repaid From Treasury Feb 08 2017
Uranium Resources Announces Management Promotion Jan 31 2017
Know the Most Explosive Stocks of 2017 Jan 25 2017
Dawson James Securities Announces the Closing of $9.7 Million Public Offering of Uranium Resources... Jan 23 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)