WESTWATER RESOURCES, INC. — Director's Dealing 2016

Dec 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: URANIUM RESOURCES INC /DE/ (URRE)
CIK: 0000839470
Period of Report: 2016-12-05

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
2016-12-05	Convertible Loan	$31.20	S		Disposed	2017-03-31	Common Stock (256410)	Direct

Footnotes

F1: The convertible loan is 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 convertible loan held by RCF V. As a consequence, Resource Capital Associates V L.P. and RCA V GP Ltd. are indirect beneficial owners of the convertible loan 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 convertible loan to the extent permissible pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934.

F2: RCF V is party to a Loan Agreement dated November 13, 2013, with Uranium Resources, Inc. ("URI") providing for the issuance of debt convertible into shares of URI common stock. Prior to the transaction that is the subject of this Form 4, RCF V held a promissory note (the "Note") issued under the Loan Agreement with an outstanding principal amount of $8,000,000 which was convertible at any time into 256,410 shares of URI common stock.

F3: On December 5, 2016, RCF V entered into a Note Purchase Agreement pursuant to which RCF V sold in a private transaction $2.5 million in principal amount of the Note, plus $45,139 of accrued but unpaid interest on the principal amount sold. The Note Purchase Agreement provides for the sale by RCF V and purchase by the counterparty of the remaining $5,500,000 principal amount of the Note, subject to satisfaction of certain conditions, which conditions are not in the control of RCF V or the counterparty.