SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ireland George Ring

(Last)

(First)

(Middle)

401 BEACON STREET APT. #2

(Street)

BOSTON

02115

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
URANIUM RESOURCES INC /DE/ [ URIX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock $0.001 Par Value								5,000⁽¹¹⁾	I	See footnote⁽¹⁾
Common Stock $0.001 Par Value								12,680⁽¹¹⁾	D
Common stock $0.001 par value	05/12/2005		P		833,332	A	$1.8	851,012⁽¹¹⁾	I	See footnote⁽⁸⁾
Common stock par value $0.001	08/12/2005		P		400,000	A	$2	1,251,012⁽¹¹⁾	I	See footnote⁽⁹⁾
Common stock par value $0.001	04/19/2006		P		300,000	A	$4.9	1,551,012⁽¹¹⁾	I	See footnote⁽¹⁰⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$68							05/29/1997	05/29/2006	Common Stock	250⁽¹¹⁾		250	D
Stock Option (right to buy)	$20							05/01/1998	05/01/2007	Common Stock	250⁽¹¹⁾		250	D
Stock Option (right to buy)	$10							06/05/1999	06/05/2008	Common Stock	250⁽¹¹⁾		250	D
Stock Option (right to buy)	$1							06/18/2000	06/18/2009	Common Stock	250⁽¹¹⁾		250	D
Stock Option (right to buy)	$0.88							06/19/2001	06/19/2011	Common Stock	25,000⁽¹¹⁾		25,000	D
Stock Option (right to buy)	$0.16	06/01/2003		A		250		⁽³⁾	06/01/2013	Common Stock	250⁽¹¹⁾	$0.16	250	D
Stock Option (right to buy)	$1.16	06/02/2004		A		75,000		⁽⁶⁾	06/02/2014	Common Stock	75,000⁽¹¹⁾	$1.16	75,000	D
Stock option (right to buy)	$1.8	06/01/2005		A	V	25,000		06/01/2006	06/01/2015	Common stock	25,000⁽¹¹⁾	$1.8	25,000	D
Stock Option (right to buy)	$0.8							⁽²⁾	01/11/2011	Common Stock	42,500⁽¹¹⁾		42,500	D
Stock Option (right to buy)	$0.8	12/31/2002		A		20,000		⁽⁴⁾	01/11/2011	Common Stock	20,000⁽³⁾⁽¹¹⁾	$0.8	20,000	D
Stock Option (right to buy)	$0.8	12/31/2003		A		20,000		⁽⁵⁾	01/11/2011	Common Stock	20,000⁽¹¹⁾	$0.8	20,000	D
Stock Option (right to buy)	$0.8	12/31/2004		A		32,750		⁽⁷⁾	01/11/2011	Common Stock	32,750⁽¹¹⁾	$0.8	32,750	D

Explanation of Responses:

1. Purchase from Elizabeth Ring Mather & William Gwinn Mather Fund by George R. Ireland as Trustee for the foundation. Mr. Ireland disclaims beneficial economic ownership of these shares.

2. Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 2000 and 2001 of $34,000 which can be exercised at $0.80 per share into common stock of the Issuer.

3. Stock option vests over a four-year period beginning 06/01/2004.

4. Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 2002 of $16,000 which can be exercised at $0.80 per share into common stock of the Issuer.

5. Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 2003 of $16,000 which can be exercised at $0.80 per share into common stock of the Issuer.

6. Stock options vests over a four-year period beginning 06/02/05.

7. Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation for 2004 of $26,200 which can be exercised at $0.80 per share into common stock of the Issuer.

8. 666,666 and 166,666 shares purchased by Geologic Resource Fund Ltd. and Geologic Resource Fund LP, respectively. Mr. Ireland is the managing partner and has an economic interest in each of these funds.

9. 320,000 and 80,000 shares purchased by Geologic Resource Fund Ltd. and Geologic Resource Fund LP, respectively. Mr. Ireland is the managing partner and has an economic interest in each of these funds.

10. 231,800 and 68,200 shares purchased by Geologic Resource Fund Ltd. and Geologic Resource Fund LP, respectively. Mr. Ireland is the managing partner and has an economic interest in each of these funds. NOTE: THE SHARE AMOUNTS REFLECT THE 1 FOR 4 REVERVESE STOCK SPLIT OF URANIUM RESOURCES, INC. MADE EFFECTIVE APRIL 11, 2006.

11. ON APRIL 11, 2006 A 1 FOR 4 STOCK SPLIT WAS MADE EFFECTIVE FOR SHAREHOLDERS OF RECORD APRIL 10, 2006. ALL INFORMATION FOR TRANSACTIONS PRIOR TO SUCH DATE HAVE BEEN RESTATED TO RELECT A POST-SPLIT BASIS.

	George R. Ireland	05/16/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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