Uranium Resources Announces 1-for-10 Reverse Stock Split

  Uranium Resources Announces 1-for-10 Reverse Stock Split

         Receives Notice from NASDAQ on Minimum Bid Price Requirement

Business Wire

LEWISVILLE, Texas -- January 18, 2013

Uranium Resources, Inc. (NASDAQ: URRE) (URI) announced today that its Board of
Directors has approved a 1-for-10 reverse stock split of its common stock. On
January 14, 2013, the Company announced shareholder approval to conduct a
reverse stock split of its issued and outstanding common stock by a ratio of
not less than 1-for-5 and not more than 1-for-15. The primary purpose of the
reverse split was to bring URI into compliance with NASDAQ's $1.00 minimum bid
price requirement. The Company expects the reverse split to become effective
immediately following the close of trading on January 22, 2013 and the
consolidated common shares to begin trading on a split-adjusted basis as of
January 23, 2013.

When the reverse stock split becomes effective, every ten shares of issued and
outstanding URI common stock will be combined into one issued and outstanding
share of common stock with no changes to the par value of the shares. The
reverse split will reduce the number of URI’s outstanding common stock from
approximately 161.1 million shares to approximately 16.1 million shares. No
fractional shares will be issued as a result of the reverse stock split. Any
fractional shares that would have resulted will be settled in cash.

Additionally, the Company received a Staff Determination Letter from the
NASDAQ on January 15, 2013, notifying URI that its securities will be subject
to delisting from the NASDAQ Stock Market even though the reverse stock split
has been approved because the Company will not regain compliance until the
closing bid price for its common stock exceeds $1.00 for a minimum of 10
consecutive business days under Rule 5550(a)(2). In accordance with NASDAQ
rules, URI has requested a hearing with the NASDAQ Hearing Panel to appeal the
determination letter, which will stay the action until the Company has
completed the hearing and the Hearing Panel has issued its decision.

“As anticipated, the Company received notification from NASDAQ that its common
stock remains in noncompliance with its listing qualifications,” stated
Terence J. Cryan, Interim President and CEO of URI. “We believe that URI’s
reverse stock split initiative will produce a favorable result from the
hearing process with NASDAQ, and bring us back into full compliance with
NASDAQ listing requirements.”

About Uranium Resources, Inc.

Uranium Resources Inc. explores for, develops and mines uranium. Since its
incorporation in 1977, URI has produced over 8 million pounds of uranium by
in-situ recovery (ISR) methods in the state of Texas. URI has over 206,600
acres of uranium mineral holdings and 152.9 million pounds of in-place
mineralized uranium material in New Mexico and an NRC license to produce up to
1 million pounds of uranium per year. URI has an additional 1.3 million pounds
of in-place mineralized uranium material in Texas and South Dakota. The
Company acquired these properties over the past 20 years along with an
extensive information database of historic drill hole logs, assay
certificates, maps and technical reports.

Uranium Resources routinely posts news and other information about the Company
on its website at www.uraniumresources.com.

Safe Harbor 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
operating performance, events, or developments that the Company expects or
anticipates will occur in the future, including but not limited to statements
relating to the Company’s estimated mineralized uranium material, the
anticipated effective date of the reverse stock split, the effect of the
reverse stock split on the per share price of URI common stock, and the
anticipated outcome of the hearing before the NASDAQ Hearing Panel 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, the spot price and
long-term contract price of uranium, the outcome of negotiations with the
Navajo Nation, the Company’s ability to reach agreements with current royalty
holders, weather conditions, operating conditions at the Company’s mining
projects, government and tribal regulation of the mining industry and the
nuclear power industry, world-wide uranium supply and demand, availability of
capital, timely receipt of mining and other permits from regulatory agents,
market reaction to a reverse stock split, determinations of the NASDAQ Hearing
Panel and other factors which are more fully described in the Company’s
documents filed 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.


Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
Uranium Resources, Inc.
Mat Lueras, 505-269-8317
Vice President, Corporate Development
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