Message #4 From:
NewsBot Date: October 5, 2006 08:37:00 AM
URRE News Uranium Resources, Inc. Announces Appointment of a New President and Independent Director
LEWISVILLE, Texas--(BUSINESS WIRE)--Mr. Paul K. Willmott, CEO and Chairman of the Board of Directors of
Uranium Resources, Inc. (OTCBB: URRE) is pleased to announce the
appointment of Mr. David N. Clark to the position of President and Chief
Operating Officer. Mr. Clark currently serves as a Director of the
Company and Chairman of the Strategic Planning Committee of the Board of
Directors. He will continue to serve in these roles.
Mr. Clark is the principal owner of the Ux Consulting Company LLC (“UxC”).
UxC publishes the Ux Weekly and the UxC Market Outlook Reports,
which cover the complete nuclear fuel cycle including uranium,
conversion, and enrichment. Mr. Clark co-founded UxC in March 1994 as an
affiliate of The Uranium Exchange Company (“Ux”),
a uranium brokerage and consulting company he founded in 1987. Mr. Clark
has also held marketing positions with other entities in the nuclear
fuel business. He began his career as a Field Geologist and Market
Analyst for the uranium division of the Cleveland-Cliffs Iron Company.
Mr. Clark holds a Bachelor of Science degree in Geology (1978) from the
University of Akron.
Mr. Clark will be based in the Company’s
Corpus Christi office location.
The Company is also pleased to announce that it has expanded its Board
of Directors from four to five members. Mr. Terence J. Cryan was
appointed to fill the vacancy.
Mr. Cryan is the Managing Director of Concert Energy Partners LLC, a New
York based investment banking and private equity investment firm
specializing in the energy and natural resources industries. Mr. Cryan
was previously Senior Managing Director of Bear Stearns & Co. Inc. Mr.
Cryan holds degrees from Tufts University and the London School of
Economics.
Uranium Resources, Inc. is a Dallas area based uranium-mining company
whose shares are quoted on the OTC Bulletin Board under the symbol URRE.
The Company specializes in in-situ solution mining and holds
mineralized uranium materials in South Texas and New Mexico.
