Uranium Resources, Inc. announced that it is focusing its technical resources at its existing offices in Colorado and reducing corporate overhead spend by closing its offices in Albuquerque, Crownpoint and Grants, New Mexico. Completion of the consolidation activities is planned for the end of June. It is expected that the consolidation will result in savings of approximately $1.5 million on an annualized basis. In conjunction with these changes, the position held by Mathew F. Lueras, Vice President Corporate Development, will be eliminated at the end of this June. Mathew F. Lueras currently holds the position of Vice President – Corporate Development and will cease his employment with the company effective June 30, 2013.

Uranium Resources, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported loss from operations before corporate expenses of $1,238,885 against $655,487 a year ago. Loss from operations was $3,920,100 against $3,700,507 a year ago. Net loss was $4,150,592 against $3,606,470 a year ago. Net loss per diluted common share was $0.24 against $0.37 a year ago. Net cash used in operations was $3,564,277 against $2,539,454 a year ago. Additions to property, plant and equipment was $338,581 against $964,621 a year ago. The company announced impairment of uranium properties of $279,429 for the first quarter ended March 31, 2013 compared to $268,923 a year ago.

Uranium Resources, Inc., Q1 2013 Earnings Call, May 10, 2013