Uranium Resources' NRC License Upheld as US Supreme Court Denies Petition

Uiron sand mining machineranium Resources (URI) announced that the United States Supreme Court has denied the opponents' petition to review the March 2010, 10th Circuit Court of Appeals' ruling that upheld the Company's U.S. Nuclear Regulatory Commission ("NRC") license to conduct in-situ recovery (ISR) uranium mining at the Churchrock/Crownpoint project.

Don Ewigleben, President and CEO commented, "Today's announcement was significant in that it clears the last remaining legal challenge to our NRC license. We have long maintained our belief that our license was valid and have continued to move forward towards the final development of the Churchrock/Crownpoint project. Our feasibility study is ongoing and in October 2010, we filed the necessary documents with the NRC to reactivate our license, which is currently in timely renewal status. Once active, the license may be utilized according to its present terms and conditions while URI completes its license renewal. We will also continue to educate the community on the project, our focus on safety and the environment as well as the economic opportunity it creates for the area."

URI's New Mexico feasibility studies are expected to be completed by the end of 2011. Assuming that the NRC license renewal moves forward in a timely manner, that appropriate financing is available and that there is a sustained recovery in the price of uranium, the Company should be in a position to begin construction of the facilities in 2012 and producing in 2013.

The NRC license allows for the production of up to an initial 1 million pounds per year from the Churchrock/Crownpoint project until a successful commercial demonstration of restoration is made, after which the quantity of production can be increased to 3 million pounds per year.