November 30, 2009 (FinancialWire) — Urex Energy Corp. (OTCBB: URXE) said it has terminated a Share Purchase Agreement for the sale of its Argentine subsidiary, United Energy Metals SA to SGI Partners, LLC of Carlsbad, California.

Reno-based Urex Energy is focused on actively exploring and developing uranium properties in New Mexico. Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico.

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