Uranium Resources Announces Closing of Neutron Energy Acquisition

Uranium Resources, Inc.

announced the completion of a stock-for-stock transaction to acquire 100% of the equity of Neutron Energy, Inc. pursuant to the Agreement and Plan of Merger dated March 1, 2012 by and among URI, Neutron and URI Merger Corporation. At the effective time of the merger on August 31, 2012, URI Merger Corporation merged with and into Neutron with Neutron surviving the merger as an indirect wholly-owned subsidiary of URI. Concurrent with the acquisition, Resource Capital Fund V L.P. (“RCF”) purchased 24,638,673 shares of URI common stock for $20 million, which was used to partially repay a loan owed by Neutron to