Topic: How To Invest

Hi, Pat. What can you tell me about Uranium Resources (URRE on Nasdaq)? Thanks in advance for your analysis!

Article Excerpt

A: Uranium Resources Inc., $1.79, symbol URRE on Nasdaq (Shares outstanding: 24.5 million; Market cap: $43.9 million; www.uraniumresources.com), has begun to develop a lithium business while it waits for uranium prices to move up. As part of that, the company has bought land holdings in two prospective lithium brine basins in Nevada and Utah. It will now explore them for potential development. In addition, Uranium Resources aims to advance its Temrezli uranium project in Central Turkey when uranium prices support the development of that project. The company also controls extensive exploration properties elsewhere in Turkey. They fall under nine exploration and operating licenses that cover about 32,000 acres. Those sites include numerous exploration targets, including the potential satellite Sefaatli Project. It’s 48 kilometres south west of the Temrezli Project. In Texas, Uranium Resources has suspended operations at its two uranium-processing facilities. It also has about 11,000 acres of prospective uranium projects in the state. Nearby in New Mexico, it controls mineral rights on…