Uranium Resources notes share price rise

Uranium Resources has noted the recent rise in its share price and says it continues to rely on the financial support of its major shareholder Estes Limited.

Uranium Resources says Estes has agreed to extend the terms of its loan facilities dated 15 March 2013, 18 March 2014 and 19 February 2015 to 15 March 2017. These loan facilities total US$1.8 million and are fully drawn down.

The company also says Estes has agreed to provide a further unsecured term loan facility of US$50,000. This facility is for working capital purposes, is available until 15 March 2017 and bears interest at LIBOR.

The company says it continues to investigate options for the development of its Mtonya project in Tanzania.

At 4:26pm: (LON:URA) Uranium Resources PLC share price was +0.15p at 1p