Bridge Loan Agreement

On December 17, 2012, Uranium Resources, Inc. (the "Company") entered into a Bridge Loan Agreement (the "Bridge Loan Agreement") among the Company, each of the Company's subsidiaries, as guarantors, and Resource Capital Fund V L.P. ("RCF"), pursuant to which RCF provided a secured bridge loan (the "Bridge Loan") to the Company in the amount of $5.0 million on December 18, 2012. The Bridge Loan carries an annualized interest rate of 10% and is secured by a first priority lien on all personal property of the Company and its subsidiaries. The Company's obligations under the Bridge Loan Agreement have been guaranteed by each of its subsidiaries and will be guaranteed by any future subsidiaries of the Company.

The Bridge Loan will mature on the earlier of the closing of a rights offering planned by the Company for the first quarter of 2013 (the "Rights Offering") or June 28, 2013. The Company may prepay all or any portion of the Bridge Loan without penalty, subject to a minimum prepayment amount of $1.0 million.

The Company intends to use the proceeds of the Bridge Loan for general corporate purposes.

The Bridge Loan Agreement contains customary representations, warranties, covenants, security provisions and events of default and requires, among other things, that the Company (i) maintain the listing of its common stock on the NASDAQ Capital Market, (ii) use its best efforts to hold a special meeting of stockholders by January 18, 2013 to approve a reverse stock split to regain compliance with NASDAQ's minimum bid price requirement and (iii) complete the Rights Offering within 60 days of stockholder approval of the reverse stock split and in any event by no later than March 31, 2013.

Under the terms of the Bridge Loan Agreement, RCF has the right to nominate one director to the Company's Board of Directors so long as any obligations remain outstanding under the Bridge Loan Agreement or RCF's partially-diluted ownership in the Company, taking into account shares RCF has the right to acquire, exceeds 10%. In addition, so long as RCF's partially-diluted ownership exceeds 25%, RCF will have the right to nominate one additional director to the Company's Board of Directors. RCF currently owns approximately 27.9% of the Company's outstanding shares and nominates one director to the Company's Board of Directors pursuant to the terms of that certain Stockholders' Agreement, dated March 1, 2012, between the Company and RCF, which the Company and RCF will amend to reflect the foregoing provisions.

Standby Purchase Agreement

Also on December 17, 2012, the Company and RCF entered into a Standby Purchase Agreement (the "Standby Purchase Agreement") pursuant to which RCF has agreed, subject to certain conditions, to purchase $5.0 million of common stock in the Rights Offering and up to an additional $3.0 million of common stock to the extent gross proceeds to the Company in the Rights Offering are less than $8.0 million after the Company's other stockholders have exercised

their basic subscription rights and over-subscription privileges. RCF may satisfy the purchase price for common stock purchased in the Rights Offering in cash or by offset against the amounts outstanding under the Bridge Loan. RCF's obligations under the Standby Purchase Agreement terminate if, among other things, (i) the Company is in default under the Bridge Loan Agreement, (ii) the Company's common stock is suspended or delisted from the NASDAQ Capital Market or (iii) the closing of the Rights Offering has not occurred within 60 days following stockholder approval of the reverse stock split or in any event by March 31, 2013.

The foregoing description of the Bridge Loan Agreement and Standby Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Bridge Loan Agreement and Standby Purchase Agreement, copies of which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

The disclosure set forth above under the caption "Bridge Loan Agreement" in Item 1.01 is hereby incorporated by reference into this Item 2.03.

On December 17, 2012, the Company issued a press release announcing a stockholder meeting to approve a reverse stock split, the entry into the Bridge Loan Agreement and Standby Purchase Agreement and its intention to conduct the proposed Rights Offering. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

(d) Exhibits.

Exhibit No.                                 Description
   10.1       Bridge Loan Agreement, dated December 17, 2012, among the Company,
              those subsidiaries of the Company from time to time party hereto, and
              Resource Capital Fund V L.P.

   10.2       Standby Purchase Agreement, dated December 17, 2012, between the
              Company and Resource Capital Fund V L.P.

   99.1       Press Release dated December 17, 2012.