Regional
11:39 am
Sun May 19, 2013

Uranium Developer To Close NM Offices

Uranium Resources, Inc. has announced that it will be closing its offices in Albuquerque, Crownpoint and Grants.

The move announced Friday is aimed at reducing corporate overhead, but URI President and CEO Christopher Jones says the company is still committed to the projects is has pending in New Mexico.

The Lewisville, Texas-based company says the changes will likely be complete by the end of June. The company expects to save about $1.5 million annual with the consolidation.

Environmentalists, including members of the Navajo Nation, have been battling URI for the past 17 years as the company tries to develop uranium claims near the communities of Church Rock and Crownpoint.

URI says it has more than 322 square miles of uranium mineral holdings in New Mexico.


Copyright 2013 The Associated Press.