LONDON (Alliance News) - Uranium Resources PLC on Tuesday said its pretax loss widened in the first half of its financial year as it works towards a new exploration programme at the Mtonya project in Tanzania.
The company said its pretax loss for the six months to the end of December was USD307,000, compared with a USD170,000 loss a year earlier. The company makes no revenue, so the loss was driven by higher foreign exchange losses.
Uranium Resources said is intends to start a new exploration programme at Mtonya in June 2015. It has developed an updated exploration programme for the prospect designed to expand the maiden resource estimate.
Shares in the company were untraded Tuesday, having last traded at 0.400 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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