Texas

Uranium Resources, Inc. provides third quarter 2011 update

LEWISVILLE, Texas–(BUSINESS WIRE)–Uranium Resources, Inc. (NASDAQ: URRE) (URI), today provided an update on the Company’s activities and its liquidity position for the third quarter of 2011 as well as its strategy and outlook. Texas Exploration and…

Texas Rare Earth Resources receives approval by the Texas General Land Office to expand its exploration efforts at Round Top

DENVER & SIERRA BLANCA, Texas–(BUSINESS WIRE)–Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that its supplementary operating plan to expand exploration activities at the Round Top project has been approved by the Texas General Land Office (GLO). Independently published data indicates the property may contain approximately 1.6 billion metric tons of rhyolite host rock, containing rare earth minerals with potentially a 70% ratio of heavy to total rare earth minerals.

Texas Rare Earth Resources Corp starts drilling at heavy Round Top Project

Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth—beryllium-uranium project which also includes niobium, tantalum and gallium. Round Top is located in Hudspeth County, Texas, 85 miles east of El Paso. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths.

Arab League injection earns Texas miner $107m windfall

After an initial 5% jump, shares in Arabian American Development Co was flat at midday on Wednesday on four times usual volumes following news of a $37m injection into the Texas-based company's Saudi mine by a fund controlled by the League of Arab States.

Shareholders in the 44-year old Nasdaq-listed company saw the value of their investment rise a cool $107m as a result of the transaction. The gold, silver and copper mine in a Yemen border province is the only non-government mine in the Saudi kingdom and is scheduled to begin production early next year.

Uranium Energy Corp Reports Fiscal Third Quarter Production Results and Provides Operations Update

Uranium Energy Corp (NYSE AMEX:UEC, the "Company") is pleased to report its financial and production results for the nine months ended April 30, 2011.  Major highlights during the third quarter include the following:

Results continue to indicate low-cost production profile: During the third quarter, which incorporates our first full quarter of Palangana Mine production, we produced 49,000 pounds of U3O8 in inventory, including work-in-progress, versus 21,000 pounds in the previous quarter. 

Uranium Resources puts production on hold

Uranium Resources does not expect to return to production in Texas in 2011 given current uranium pricing, unfavourable sales contracts and less than lucrative resources that are available.

Uranium Resources made the statement in its 2011 first quarter update on Thursday.

Instead the company is focused on reclamation activities in Texas since its two remaining operating wellfields were fully depleted in June 2009.