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Result of AGM

5th Dec 2013 16:26

RNS Number : 8511U
Uranium Resources PLC
05 December 2013
 



Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration

5 December 2013

Uranium Resources plc ('Uranium Resources') or ('the Company')

Result of AGM

Uranium Resources plc, the AIM listed uranium exploration and development company, held its Annual General Meeting today and all resolutions were duly passed.

The Company's Managing Director, Alex Gostevskikh, said, "The uranium market fundamentals remain strong and the current market emphasises the need for uranium deposits which can be developed and operated at well below US$50 per pound. Mtonya's sandstone-hosted uranium mineralisation is thought to be feasible within the same cost range as the uranium deposits of Wyoming and Kazakhstan. The 26-km long redox corridor at Mtonya has all attributes indicating that it could host a world-class uranium deposit amenable to in-situ recovery."

A copy of the presentation, which was given at the AGM, can be found on the Company's website at: www.uraniumresources.co.uk.

**ENDS**

 

For further information please visit www.uraniumresources.co.uk or contact:

 

Alex Gostevskikh

Uranium Resources plc

Tel: +44 (0) 7997 713377

Ross Warner

Uranium Resources plc

Tel: +44 (0) 7760 487769

Samantha Harrison

RFC Ambrian Ltd (Nomad)

Tel: +44 (0) 20 3440 6800

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Felicity Edwards

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

About Uranium Resources

Uranium Resources plc is an AIM listed exploration and development company. It is the Company's strategy to advance its existing assets and strengthen its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo Basins in southern Tanzania.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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