– USA, CO – Uranium Resources, Inc. (Nasdaq:URRE) (URI) announced today that the Board of Directors accepted the resignation of John H. Pfahl and appointed Tracy A. Stevenson as a Director, both effective December 27, 2013.
Paul K. Willmott, Chairman of the Board, commented, “John has been a valued contributor to the Board, and we appreciated his advice and influence as we brought in new management, reduced costs and continued to advance our strategy. We expect that Tracy as well will provide his experience and knowledge to our efforts to build shareholder value.”
Regarding his service on URI’s Board of Directors, Mr. Pfahl noted, “As I relocate to Australia, I leave a Company that I believe has an experienced goal-driven management team, an extensive asset base and great potential. It was a pleasure to serve with a very talented and experienced Board that has overseen measurable change and progress at URI.”
Tracy A. Stevenson, a founding member of Bedrock Resources, LLC, a private financial advisory firm focused on natural resource businesses, previously was Global Head of Information Systems and Global Head of Business Process Improvement at Rio Tinto PLC. In addition, he served as Executive Vice President, Chief Financial Officer and a director of Comalco Ltd. and as Chief Financial Officer and a director of Kennecott Corporation. Mr. Stevenson, a CPA, graduated Magna Cum Laude with a Bachelor of Science Degree in Accounting from the University of Utah in 1977. Mr. Stevenson has served as a director of Quaterra Resources Inc. since July 2007. He was its Non-Executive Chairman from February 2008 to June 2013. Mr. Stevenson also serves as a director of Vista Gold Corp. and previously served as a director of Ivanhoe Mines Ltd. In addition, he is a founding member of SOS Investors LLC, a private investment firm.
Mr. Stevenson said, “As we face this challenging uranium market environment, I look forward to serving on the Board of URI and contributing to value creation.”
About Uranium Resources, Inc.
Uranium Resources, Inc. explores for, develops and restores uranium projects. URI has over 206,600 acres of uranium mineral holdings in New Mexico, processing facilities and properties in Texas, and an NRC license to recover up to three million pounds of uranium per year using the in situ recovery (ISR) process. The Company acquired these properties over the past 20 years, along with an extensive information database of historic drill hole logs, assay certificates, maps and technical reports.
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August 20, 2019