Uranium Resources Plc Regulatory News (URA)

20 Jul 2006 07:01

Uranium Resources PLC20 July 2006 Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration Uranium Resources plc ('Uranium Resources' or 'the Company') Directorate Change Uranium Resources plc, the AIM listed uranium exploration and developmentcompany, has appointed James Pratt to its Board as a non- executive Director.Mr. Pratt replaces Leon Pretorius who is stepping down from the Board withimmediate effect due to other business commitments. Mr. Pratt's appointmentcomplements the Company's strategy of assembling a board with the experience andexpertise to acquire and invest in uranium projects with key focus on knowndeposits in Southern Africa and Australia. James Pratt is a geologist with over 18 years experience in the mining andexploration industry, principally in Australia and Africa. He is ManagingDirector of Leopard Minerals plc, an unlisted public company, which is exploringfor copper and gold in Kyrgyzstan. Previously he was Managing Director at DeepYellow Limited, an ASX listed uranium exploration company with projects inAustralia. Other positions held include Managing Director of Green Rock EnergyLimited, a geothermal exploration company listed on the ASX exchange. Mr. Pratthas previously worked on a consultancy basis for Uranium Resources. Uranium Resources Director Ross Warner said: "James has many years experiencein the mining and exploration sector. James helped us acquire our Tanzanianexploration projects, where we are about to start an extensive field workprogramme following positive assay results. Additionally, we continue toevaluate other potential acquisitions and remain focussed on building theCompany into a significant uranium company and driving shareholder value. "I would also like to take this opportunity to thank Leon Pretorius for hissupport through the Company's first phase, and wish him well in the future. Leon Pretorius is cancelling his 10 million share option with Uranium Resources. James Pratt, aged 40, is a director or has been a director of the followingcompanies during the previous five years: Current Directorships: Leopard Minerals plc Directorships held within the previous five years: Deep Yellow Limited Ascent Resources plc Green Rock Energy Limited Eureka Mines Limited MinRes Resources Inc Deep Yellow Tanzania Limited (unlisted) There are no other matters which are required to be announced with regard tothis appointment under paragraph (g) of Schedule 2 of the AIM Rules. **ENDS** Contacts Ross Warner Uranium Resources plc Tel: 07760 487 769Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 Notes Uranium Resources plc was admitted to AIM on 18 February 2005. It wasestablished to acquire uranium assets on a worldwide basis with a primarygeographical focus on Africa and Australia. The Company will consideracquisitions covering the full range of projects from exploration to productionwith a bias towards known, but undeveloped uranium resources and has an initialgoal to acquire up to 100 million lbs of in-ground uranium. The Board ofDirectors is experienced in identifying and evaluating uranium acquisitionopportunities and possesses the skills to finance and develop a portfolio ofuranium assets. The Company aims to take advantage of the re-organising of theenergy producing market and the increasing need for nuclear energy. Renewedinterest in uranium exploration and mining with the growth in energyrequirements in both the developed and developing worlds means that a shifttoward nuclear generation is increasingly likely. Importantly, nuclear energy isthe only base-load power source that does not produce greenhouse gases. This information is provided by RNS The company news service from the London Stock Exchange