Uranium Resources, Inc. (URRE) Signs Exploration Lease in Texas
Uranium Resources, Inc. announced that the company has entered a lease agreement to explore for uranium in Texas. The properties being leased also have other mineral potential including crude oil and natural gas. Uranium Resources, Inc. said that the lease agreement covers 53,500 acres in Kenedy County, Texas, and has a term of three years. The company also has an option to lease the acreage for uranium production for eight years if the exploration is successful. Uranium Resources, Inc. said that the properties leased are located in a known area in South Texas that has produced uranium for decades. These…