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Centennial-based Uranium Resources Inc. announced Wednesday that it’s merging with Australian company Anatolia Energy with the aim of fast-tracking uranium production in central Turkey.
Uranium Resources has more than 200,000 acres of mineral holdings in Texas and New Mexico. Anatolia’s primary asset is the Temrezli uranium project in Turkey.
In a news release, Anatolia CEO Paul Cronin cited a Uranium Resources processing plant in Texas as a way to advance the Temrezli project into production as quickly as possible.
“This is a transformational merger for our shareholders that we believe positions our combined company as a leading international uranium developer,” said Uranium Resources CEO Christopher Jones in statement.
