WESTWATER RESOURCES, INC. — Director's Dealing 2014

May 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: URANIUM RESOURCES INC /DE/ (URRE)
CIK: 0000839470
Period of Report: 2014-04-29

Reporting Person: Resource Capital Fund V L.P. (10% Owner)
Reporting Person: Resource Capital Associates V L.P. (10% Owner)
Reporting Person: RCA V GP LTD. (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-29	Convertible Loan	$2.60	J		Acquired	2016-12-31	Common Stock (1153846)	Direct

Footnotes

F1: The shares are held by Resource Capital Fund V L.P. ("RCF V") of which Resource Capital Associates V L.P. is the general partner, and RCA V GP Ltd. is the general partner of Resource Capital Associates V L.P. RCA V GP Ltd. and Resource Capital Associates V L.P. exercise voting and dispositive power over the shares held by RCF V. As a consequence, Resource Capital Associates V L.P. and RCA V GP Ltd. are indirect beneficial owners of the shares pursuant to Rule 16a-1(a)(1) under the Securities Exchange Act of 1934. However, Resource Capital Associates V L.P. and RCA V GP Ltd. disclaim direct or indirect beneficial ownership of the shares to the extent permissible pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934.

F2: RCF V may elect, at any time, to convert amounts drawn under the Loan Agreement dated November 13, 2013, between Uranium Resources, Inc. ("URI") and RCF V (including amounts previously repaid) into shares of URI's common stock at an initial rate of $2.60 per share, which conversion rate is subject to adjustment in certain circumstances. On April 29, 2014, URI requested an advance of $3.0 million under the Loan Agreement, following the advancement of which an aggregate of $8.0 million has been drawn under the Loan Agreement.