BOCA RATON, FL / ACCESSWIRE / January 23, 2017 / Dawson James Securities, Inc., in conjunction with Uranium Resources, Inc.
(NASDAQ: URRE; ASX: URI), announced a registered public offering of an aggregate of 1,399,140 shares of common stock priced at
$2.01 per share and pre-funded warrants to purchase 3,426,731 shares of common stock at $2.00 per pre-funded warrant.
Dawson James Securities, Inc. acted as sole book-running manager for the offering and utilized its Diversified Investor
Offering™ (DIO™) strategy with its nationwide retail network.
Total gross proceeds from the offering are expected to be approximately $9.7 million, before fees and other offering expenses.
URI intends to use the net proceeds from the offering to fund ongoing business activities, which may include technical studies,
restoration commitments, capital expenditures, debt reduction, working capital, and other general corporate purposes.
The shares described above were offered by Uranium Resources, Inc. pursuant to a S3 registration statement previously filed with
and subsequently declared effective by the Securities and Exchange Commission ("SEC") on June 30, 2014. A final prospectus
supplement relating to the offering was filed with the SEC and is available, along with the accompanying base prospectus, on the
SEC's website at http://www.sec.gov, or by contacting Dawson James: 1 N. Federal Hwy; Suite 500, Boca Raton, FL 33432, ATTN:
Prospectus Department.
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 nine
exploration and operating licenses, covering approximately 32,000 acres (over 13,000 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.
About Dawson James Securities
Dawson James Securities specializes in capital raising for small and microcap public and private growth companies, primarily in
the Life Science/Health Care, Technology and Consumer sectors, and is a full service investment banking firm with research,
institutional and retail sales, and execution trading and corporate services. Headquartered in Boca Raton, FL, Dawson James is
privately held with offices in New York, Maryland, New Jersey, and North Carolina (www.dawsonjames.com).
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking
information within the meaning of Section 27A Of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions.
Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual
results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking
statements.
Member FINRA/SIPC.
1 North Federal Highway, Suite 500 Boca Raton, FL 33432 Tel: (561) 391-5555 Toll Free: (866) 928-0928 Fax: (561) 391-5757
www.dawsonjames.com
For more information, please contact:
Elise Stern, Managing Director, Head of Capital Markets estern@dawsonjames.com 561-208-2926
SOURCE: Dawson James Securities
