Uranium Resources, Inc. (NASDAQ:URRE) has completed a new Technical Report on the mineral resources at its Cebolleta Project in New Mexico. Based on the quantity and quality of the in-place, non-reserve inferred mineralized material of 5.6 million short tons at an average uranium grade of 0.17%, the report recommends that the Company advance the Cebolleta Project to a Preliminary Economic Assessment or scoping level study.

Highlights from the press release include:

  • New inferred mineral estimate appropriate for NI 43-101 of 5.6 million tons at 0.17% average uranium grade at Cebolleta
  • Company expects to deliver next NI 43-101 Technical Report on Juan Tafoya Project in June as part of four such reports this year.

Christopher M. Jones, President and Chief Executive Officer of Uranium Resources commented:

We are excited about the findings of this Cebolleta Technical Report and believe that this advances the project towards the next stage of a Preliminary Economic Assessment.

Click here to view the full release.