June 29, 2010 (FinancialWire) — Uranium Resources, Inc. (NASDAQ: URRE) said it has closed an underwritten public offering of 23,809,500 shares common stock at a price of $0.42 per share. The company saw net proceeds of around $9.05 million.

Roth Capital Partners, the sole manager of the offering, has a 30-day option to purchase up to an additional 3,333,330 shares of common stock on the same terms and conditions to cover over-allotments.

Uranium Resources said it will use the proceeds will be used for general corporate purposes, which may include making additions to URI’s working capital and funding future acquisitions.

Texas-based Uranium Resources explores for, develops and mines uranium.

Since its incorporation in 1977, URI has produced more than eight million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the company currently has ISR mining projects.

URI also has 183,000 acres of uranium mineral holdings and 101.4 million pounds of in-place mineralized uranium material in New Mexico, as well as a NRC license to produce up to one million pounds of uranium.

None of URI’s properties is currently in production.

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