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CORPUS CHRISTI, Texas - Uranium Resources Inc., which develops and mines uranium properties to make nuclear energy, on Monday reported a delay in the startup of a South Texas project.
| URRE | 0.78 |  -0.1 |
The company's Rosita wellfield encountered "aquifer-related technical issues," the company said, adding that it expects the issues to be resolved in "the next couple of weeks."
URI also said its 2008 uranium production through the end of May was 140,000 pounds. As a result of the delay in the Rosita wellfield startup, the company's second-quarter production is expected to total about 80,000 to 90,000 pounds.
Shares fell 21 cents, or 5.5 percent, to $3.64 in afternoon trading.
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