Uranium Resources, Inc. Receives Expected NASDAQ Notification Regarding Bid Price

Tuesday, Jan 24, 2012

Uranium Resources, Inc. (NASDAQ: URRE) (URI), announced today that it has received notice, as expected, from The NASDAQ Stock Market ("NASDAQ") stating that for 30 consecutive business days the bid price for the Company's common stock has closed below the minimum $1.00 per share as required by Marketplace Rule 5550(a)(1) for continued listing on the NASDAQ Capital Market. This notification has no effect on the listing of the Company's common stock at this time.

The January 17, 2012 letter has advised the Company that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable NASDAQ requirements. The Company will regain compliance with the minimum bid requirement if at any time before July 16, 2012 (180 calendar days), the bid price for the Company's common stock closes at $1.00 per share or above for a minimum of 10 consecutive business days.

The Company’s common stock has closed above $1 for the last three consecutive trading days including today’s close.

In the event the Company does not regain compliance with the minimum bid price rule by July 16, 2012, NASDAQ will provide the Company with written notification that its common stock is subject to delisting from the NASDAQ Capital Market. The Company may appeal NASDAQ's determination to delist its common stock at that time.

The Company intends to actively monitor the closing bid price of its common stock between now and July 16, 2012 and will evaluate available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement under the NASDAQ Listing Rules.

Source: Business Wire