22nd Jul 2008 13:02
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
22 July 2008
Uranium Resources plc ("URA" or "the Company")
Correction to update announcement re: Tanzanian uranium project areas
Uranium Resources plc (AIM: URA) refers to its update announcement on 9 July 2008 (the "Update Announcement") in relation to its Tanzanian uranium project areas. The Company wishes to make a correction to its cash position which was reported in error in the Update Announcement.
URA advises that its cash balance is in excess of £1.8 million. The Company's cash balance is sufficient to satisfy the Company's currently budgeted exploration expenditure for 2008 of approximately £650,000 and the Company's working capital requirements.
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
|
James Pratt |
Uranium Resources plc |
Tel: 07747 832 043 |
|
Ross Warner |
Uranium Resources plc |
Tel: 07760 487 769 |
|
Hugh Warner |
Uranium Resources plc |
Tel: +33 643 916 003 |
|
Hugh Oram |
Nabarro Wells & Co. Limited |
Tel: 020 7634 4705 |
|
Hugo de Salis |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
|
Felicity Edwards |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
Notes to editors
Uranium Resources plc is an AIM listed uranium exploration and development company focused in Southern Africa. The Company has primarily concentrated on expanding and developing its portfolio of uranium licences in the highly prospective Karoo Basin in Southern Tanzania where it currently has a land package in excess of 13,500 sq km.
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