Epstein-Research Blog | Uranium Resources, Inc. Past Producer Of 8mm Lbs. Permitted For 3mm Lbs / Year In U.S. | Talkmarkets
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In 2011 Peter Epstein, CFA, left a $3 billion hedge fund where he was a senior natural resources analyst to help increase awareness of a number of natural resource companies in which he's invested in. 

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Uranium Resources, Inc. Past Producer Of 8mm Lbs. Permitted For 3mm Lbs / Year In U.S.

Date: Thursday, October 22, 2015 2:00 PM EDT

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Merger of URI & Anatolia Energy almost over the finish line

Colorado based Uranium Resources, Inc. “URI” (Nasdaq: URRE) announced that Anatolia Energy shareholders overwhelmingly approved the merger with Anatolia Energy. The expected closing is November 9, 2015. URI shareholders will own 59.4% and Anatolia shareholders 40.6%. More recently, On October 22nd, URI and Anatolia jointly announced that the Federal Court has granted orders approving the schemes of arrangement between Anatolia and URI. The Company intends to file the orders with the Australian Securities and Investments Commission on October 23rd, at which time the orders will take effect.

At that time, the Company will make a detailed announcement in relation to the merger, including confirming the timetable. The merger creates a dual-listed (NASDAQ + ASX) company with one of the lowest Enterprise Value, “EV” per in-situ pound/uranium ratios. A potential re-rating could be at hand as URI advances the Temrezli low-cost, high-grade, ISR project towards production is in the cards. Implicit in the above mentioned, favorable EV/Uranium ratio is the assumption that URI is sitting on massive resources, (Not NI 401-101 compliant) in the U.S. I have made that critical assumption and believe that it’s not unreasonable to do so.

In my interview of Christopher JonesPresident and CEO of Uranium Resources, Inc. the focus was largely on the tremendous Temrezli ISR project. The combined company will hold a 100% interest in 9 licenses covering over 44,479 acres, (~18,000 hectares), including several advanced exploration opportunities in the central Anatolian region of Turkey. Initial production from Temrezli in the next 18 months or so is extremely important. Consider that China has 25 nuclear reactors under construction on top of its 26 operational reactors with plans to place a lot more into the construction phase. According to the World Nuclear Association, 43 additional reactors are planned and 136 proposed. Again, that’s in China alone.

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