– TANZANIA – Uranium Resources plc, the AIM-listed uranium exploration and development company in Tanzania, is pleased to announce the appointment of Sergey Alekhin, Ph.D., as a Non-Executive Director to the Company’s Board.
Dr Alekhin brings 15 years of professional experience in the field of business development and finance. His previous roles included consulting engagements with small and intermediate companies in the resource sector. Subsequently, he held positions of corporate development director and financial executive in a number of private companies principally involved in the manufacturing of equipment for the oil and gas industry. Dr Alekhin has also held various directorships during his career and is presently a Director of L.C.M. Italia S.P.A, an Italian manufacturer of valves for the oil and gas industry, and Chairman of Borets International Oilfield Equipment (Shanghai) Co., a significant manufacturer of submersible pumps for oil extraction.
URA’s Managing Director, Alex Gostevskikh said, “We are pleased to add an outstanding, highly qualified business leader to our Board. We believe Dr Alekhin’s expertise and demonstrated success will contribute greatly to our continued progress in 2014, including the advancement of our flagship Mtonya uranium deposit in southern Tanzania, which we believe is amenable to in-situ recovery, the most cost-effective and environmentally acceptable method of uranium extraction.”
About Uranium Resources
Uranium Resources plc is an AIM listed exploration and development company which is focusing on its Mtonya flagship project which has a maiden inferred resource of 3.6 Mt ore containing 2 Mlb U3O8 grading 255 ppm U3O8. The resource is expected to be amenable to in-situ recovery, the most cost-effective and environmentally acceptable method of uranium extraction. The Company’s strategy comprises advancing its existing assets and strengthening its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo basins in southern Tanzania.
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