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Infrastructure

Uranium Resources Loves Its Executive Changes (URRE)

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By Douglas A. McIntyre Published
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Uranium Resources, Inc. (NASDAQ:URRE), the speculative uranium explorer and miner, has made several executive change decsions today.  The stock has been up most of the day and shares are still up more than 8%, although the actual press release for the executive switches didn’t come until this afternoon.

The company has named Dave Clark as CEO, and he is currently president.  Paul Willmott will remain as executive chairman.  The COO role has been assumed by Richard Van Horn, who has been UR’s Senior VP of Operation and has been at the company since 1997.

The company has a stated goal of becoming a 10 million pound uranium producer by 2014.  It only had $8.58 million in 2006 revenues, so if Uranium prices stay anywhere close to current nuclear levels it is saying it wants to be far larger than today.  Revenues last quarter were $4.5 million.  The current market cap for the stock is now over $500 million and shares are within a few percent of recent highs. 

Jon C. Ogg
August 8, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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