Slide 1: U.S. Uranium Consolidation and Development
Slide: 1 Uranium Resources, Inc. NASDAQ: URREU.S. Uranium Consolidation and DevelopmentMarch 5, 2012 Filed by Uranium Resources, Inc.(SEC file no. 0-17171) Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934
Slide 2: Safe Harbor Statement
Slide: 2 Title: Safe Harbor Statement Body: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,”
Slide 3: Additional Information
Slide: 3 Title: Additional Information The proposed transaction described in this presentation (the “Transaction”) will be submitted to the shareholders of each of Uranium Resources, Inc. (“URI”) and Neutron Energy, Inc. for approval. URI will file a registration statement, a joint proxy statement/p
Slide 4: Introduction to Uranium Resources
Slide: 4 Title: Introduction to Uranium Resources U.S.-based uranium exploration and development company Assets in New Mexico and TexasExperienced management team with historical production successHolds 183,000 acres in New Mexico containing 101.4 million lbs in place mineralized uranium materialCon
Slide 5: URI to acquire 100% of Neutron Energy
Slide: 5 URI has executed a definitive agreement to acquire 100% of Neutron Energy, Inc. (“Neutron”)URI is offering total consideration of 37 million common sharesRepresents a total transaction value of US$38.1 million based on closing price on February 24, 2012 of $1.03Resource Capital Funds (“RCF”
Slide 6: Neutron Energy: Significant Synergies
Slide: 6 Title: Neutron Energy: Significant Synergies Increase scale of conventional strategySignificant increase (~50%) in mineralized materialIncludes previously permitted and developed mill site east of Mt. TaylorClearer path to permitting with properties located on private landDevelopment synerg
Slide 7: Complementary Asset Base
Slide: 7 Title: Complementary Asset Base
Slide 8: Our Strategy
Slide: 8 Advance New Mexico ISR assets to production by the second half of 2013Act as a consolidator in New Mexico with a focus on properties that offer significant strategic advantagesAdvance development of conventional assets in New MexicoBecome a significant US-based uranium producerCapitalize on
Slide 9: Advanced Project Portfolio
Slide: 9 URI has a large portfolio of exploration and development stage projects in New Mexico and TexasDual track focus of:Bringing key New Mexico assets through feasibility and into productionExploring new opportunities and permitting past producing assets in TexasNear-term focus on commencing ISR
Slide 10: URI in New Mexico
Slide: 10 URI primary focus is on developing its projects in New MexicoSignificant exploration upside through 183,000 acre land position on a historic uranium beltTotal mineralized material of 101.4 million lbs U3O8Near-term focus on bringing ISR operation (Churchrock / Crownpoint) into productionNR
Slide 11: ISR Production
Slide: 11 Feasibility study at Churchrock Section 8 received, reviewed by 3rd party and currently under review by managementNecessary permits in place, including NRC License and State of New Mexico UIC Permit (in timely renewal) to allow for development of Churchrock Section 8NRC ISR license covers
Slide 12: Conventional Development
Slide: 12 Long term upside through development of Roca Honda, Nose Rock, West Largo and Ambrosia LakeTotal mineralized material of 56.2 million lbs U3O8Plan to develop conventional assets once ISR production is underwayPreviously developed projectsOptimized full scale production in New Mexico may re
Slide 13: Grants Mineral Belt: Competitor Position
Slide: 13 Title: Grants Mineral Belt: Competitor Position
Slide 14: URI in Texas
Slide: 14 Title: URI in Texas Successful reclamation of past producing ISR operationKingsville Dome PA1 and PA2 in stabilizationRosita PA1 and PA1 restoration results currently under reviewExpect to have final closure by Q3 2012Restoration activities continue at Kingsville Done PA3 and Vasquez PA1 a
Slide 15: Kenedy County, Texas property and Cameco joint venture
Slide: 15 Property covers 53,524 acres in Kenedy County, TexasLocated in the prolific South Texas uranium districtOption to lease the acreage for uranium productionEntered into a joint venture agreement with Cameco’s (NYSE:CCJ) U.S. subsidiary for a three-phase, three-year exploration program in May
Slide 16: Upcoming Milestones
Slide: 16 Title: Upcoming Milestones
Slide 17: Experienced Mining Management
Slide: 17 Experienced Mining Management
Slide 18: Experienced Directors
Slide: 18 Title: Experienced Directors
Slide 19: Strong Uranium Market Fundamentals Post Fukushima
Slide: 19 Title: Strong Uranium Market Fundamentals Post Fukushima: China and India Offset ImpactAggressive reactor construction program in China – 26 reactors under construction / 171 planned or proposed(1)India’s Power Minister announced plans to have 63,000 MW in nuclear power generation capacity
Slide 20: Expanding URI U.S. Footprint
Slide: 20 (Gp:) Significant assets in New Mexico and Texas (Gp:) Near-term ISR production in New Mexico (Gp:) Long-term synergies through previously permitted mill site (Gp:) Positions the combined entity for further consolidation in New Mexico (Gp:) New Mexico upside from conventional projects and
Slide 21: URI Summary Highlights
Title: URI Summary Highlights Slide: 21 Uranium Resources, Inc. NASDAQ: URREMarch 5, 2012