Donald C. Ewigleben Appointed as Successor
– By Stephen Heiser –
Uranium Resources, Inc. (URI) Executive Chairman of the Board of Directors, Paul K. Willmott, announced today that David N. Clark has stepped down as the President and Chief Executive Officer and a Director of the Company effective September 3, 2009. The Board has appointed Mr. Donald C. Ewigleben as President, CEO and COO to succeed Mr. Clark and also named Mr. Ewigleben as a director to fill the vacancy on the Board created by Mr. Clark’s resignation.
Mr. Willmott noted, “In order that he may resume his writing career, Dave had asked the Board to find a successor to execute the Company’s strategic plan, which includes the continued focus on and development of the Company’s extensive New Mexico assets. As he moves on, we wish Dave all the best in his writing career which he put on hold for us these last three years. We also thank him for his time, effort and dedication to URI.”
Mr. Clark has agreed to remain on as a consultant for the Company until March 2010.
Mr. Ewigleben brings over 30 years of corporate leadership experience to URI, most recently serving as Executive Officer: Sustainability & Legal Affairs for AngloGold Ashanti Americas, as well as, President and CEO of AngloGold Ashanti North America, where he held various executive management positions after joining AngloGold in 2000 as Vice President, General Counsel and Chief Environmental Officer. Prior to his career at AngloGold, he held senior management positions at Echo Bay Mines, AMAX Gold and AMAX Coal Industries. Mr. Ewigleben is a director and Executive Committee member of the National Mining Association and was previously a member of the boards of the Mining Association of Canada and several industry associations at the state level. He earned a Juris Doctor degree from the Indiana University School of Law after receiving his undergraduate degrees from Ball State University.
Mr. Willmott stated, “We expect that Don’s extensive experience in the mining industry and in dealing with similar challenges that we face both as an industry and as a company, will help to accelerate our progress towards realizing our inherent value.”
Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the Company currently has ISR mining projects. URI has 183,000 acres of uranium mineral holdings, 101.4 million pounds of in-place mineralized uranium material in New Mexico and an NRC license to produce up to 3 million pounds of uranium. The Company acquired these properties over the past 20 years along with an extensive information database of historic mining logs and analysis.
URI's strategy is to fully exploit its resource base in New Mexico and Texas, to acquire new assets individually or by partnering with other companies and to advance ISR production in New Mexico, which is an environmentally-oriented approach that it believes will be the quickest and least costly means of uranium production for the state. Uranium Resources routinely posts news and other information about the Company on its web site at www.uraniumresources.com.