839470--3/30/2007--URANIUM_RESOURCES_INC

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Our ability to function as an operating mining company is dependent on our ability to mine our properties at a profit sufficient to finance further mining activities and for the acquisition and development of additional properties. The Navajo Nation ban on uranium mining in Indian country encompasses some of our properties in New Mexico and will adversely affect our ability to mine unless the ban is overturned. Our inability to obtain financial surety would threaten our ability to continue in business. Because we have limited capital, inherent mining risks pose a significant threat to us. More stringent federal and state regulations could adversely affect our business. The volatility of uranium prices makes long-range planning uncertain and raising capital difficult. The only market for uranium is nuclear power plants world wide, and there are only a few customers. The price of alternative energy sources affects the demand for and price of uranium. Public acceptance of nuclear energy is uncertain. Our inability to obtain insurance would threaten our ability to continue in business. If we cannot add additional reserves to replace production in the future, we would not be able to remain in business. Competition from better-capitalized companies affects prices and our ability to acquire properties and Industry-wide competition for exploration and development tools could delay production. Competition from numerous small companies affects our ability to acquire properties and personnel and retain existing personnel. Over 56% of our shares of Common Stock is controlled by Principal Stockholders and Management. The availability for sale of a large amount of shares may depress the market price for our Common Stock.

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839470--3/30/2007--URANIUM_RESOURCES_INC_/DE/