Wikipedia:Articles for deletion/Uranium Resources


 * The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review).  No further edits should be made to this page.

The result was keep. TonyBallioni (talk) 18:09, 2 August 2018 (UTC)

Uranium Resources

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Has now changed its name to Westwater Resources, Inc. however remains a non-notable company per WP:NCORP, besides customary stock coverage Uhooep (talk) 21:03, 17 July 2018 (UTC)
 * Note: This discussion has been included in the list of Texas-related deletion discussions. Coolabahapple (talk) 12:40, 21 July 2018 (UTC)
 * Note: This discussion has been included in the list of Companies-related deletion discussions. Coolabahapple (talk) 12:40, 21 July 2018 (UTC)

 Relisted to generate a more thorough discussion and clearer consensus.
 * Delete : this South American company fails WP:NCORP. -The Gnome (talk) 11:18, 24 July 2018 (UTC)

Please add new comments below this notice. Thanks, Vanamonde (talk) 05:36, 25 July 2018 (UTC)
 * Keep Delete: No verifiable claim of notability. &mdash; Alpha3031 (talk &#124; contribs) 06:42, 25 July 2018 (UTC)


 * Delete !vote struck and reversed due to analyst reports posted by User:Cunard, which are also unrelated to mining Navajo territory&mdash; Alpha3031 (talk &#124; contribs) 16:09, 30 July 2018 (UTC)


 * Comment. This item might help establish notability, but some sites that report on resource stocks are paid to do so by the companies they cover. I do not know whether this is true for Mining Feeds. If you search for the company's full name, including "Inc.", you will filter out the more generic hits for "uranium resources" that don't relate to this company. Eastmain (talk • contribs) 22:14, 25 July 2018 (UTC)
 * Keep. Coverage in The New York Times of the company's plans to mine in traditional Navajo territory: https://www.nytimes.com/2003/05/13/health/a-doctor-s-journal-navajo-miners-battle-a-deadly-legacy-of-yellow-dust.html And a three-paragraph mention in https://www.nytimes.com/1991/11/19/business/market-place-uranium-industry-hurt-by-imports.html Eastmain (talk • contribs) 22:26, 25 July 2018 (UTC)
 * Comment Reviewing the above, I've managed to find a few more sources mentioning the company, all relating to mining in Navajo territory, Navajo Group to Take Uranium Mine Challenge to Human Rights Commission, Abandoned uranium mines continue to haunt Navajos on reservation, Protect our sacred water! and Texas Sees Renewed Push for Uranium Mining. If these incidents are the only source of notability, perhaps a merge with Uranium mining and the Navajo people could be appropriate? &mdash; Alpha3031 (talk &#124; contribs) 08:56, 26 July 2018 (UTC)

Keep per the significant coverage in multiple independent reliable sources. From Notability (organizations and companies) (my bolding): "There has been considerable discussion over time whether publicly traded corporations, or at least publicly traded corporations listed on major stock exchanges such as the NYSE and other comparable international stock exchanges, are inherently notable. Consensus has been that notability is not automatic in this (or any other) case. However, sufficient independent sources almost always exist for such companies, so that notability can be established using the primary criterion discussed above. Examples of such sources include independent press coverage and analyst reports. Accordingly, article authors should make sure to seek out such coverage and add references to such articles to properly establish notability." Analyst reports  This 5 April 2012 articlearchive.is from StreetInsider notes: "Dahlman Rose initiates coverage on (NASDAQ: URRE) with a Buy. PT $1.45. Analyst, Anthony Young, said, 'URRE possesses the eleventh-largest known U3O8 resource base in the world, has the ability to commence production in late-2013, and could become the second-largest U3O8 producer in the US by 2016.'" This 14 June 2014 articleWebCite from Smarter Analyst notes: "Roth Capital reiterated coverage yesterday on Uranium Resources Inc. (URRE) with a Buy rating and $4.00 price target. Roth Capital reiterated coverage yesterday on Uranium Resources Inc. (URRE) with a Buy rating and $4.00 price target. ... Roth’s analyst Joseph Reagor points out that he continue to view URRE as an asset value play as its large portfolio of uranium projects provides significant value. In the report, the analyst noted, “we base our valuation of URRE on a sum of the parts analysis. We begin by estimating a cash burn of $15.0 million in 2014 as we do not anticipate a return to production during 2014. We note this estimate is slightly above the company’s guidance of a $1 million per month burn rate. To this we add current cash of $1.1 million and subtract current debt of $3.2 million as of year-end 2013. We also add $9.5 million (net of fees) for the announced equity raise in February 2014. For URRE’s physical assets, we assign a value of $24.7 million or a 20% discount to the balance sheet carrying value. We note that in today’s regulatory environment it would take five plus years to permit and construct a uranium processing facility. We also assign a value of $0.664 million or $1.00 per pound for URRE’s Texas resources and $71.3 million or $0.50 per pound for URRE’s non NI 43-101 compliant resources. This nets a total valuation of $99.6 million or $4.06 per share. Therefore, we are maintaining our Buy rating and $4.00 price target”." This 12 August 2014 articleWebCite from Smarter Analyst notes: "In a research note released August 11, Roth Capital analyst Joe Reagor maintained a Buy rating on Uranium Resources (URRE) with a $4.00 price target, following the company’s second-quarter earnings. Reagor wrote: “The company delivered on its goal of reducing costs during the quarter, showing a burn rate of only $1.1 million per month. We continue to view URRE as an asset value play based on our sum-of-the-parts analysis.” The analyst added, “URRE’s cost reductions are clearly taking hold as the company’s cash balance declined only $3.2 million, excluding the $3 million drawn on its credit facility. Additionally, URRE announced it achieved its goal of reducing its cash burn rate to under $1 million per month during July. Management is clearly working to limit nonessential spending while the uranium prices remain suppressed, in our view.”" This 11 September 2014 articleWebCite from Smarter Analyst notes: "In a research report issued yesterday, Roth Capital analyst Joe Reagor maintained a Buy rating on Uranium Resources (NASDAQ:URRE) with a price target of $4, following the company’s announcement of an asset exchange agreement with Rio Grande Resources. Reagor wrote, “Under the terms of the agreement, URRE would acquire Texas properties totaling 8,834 acres in exchange for two parcels from its Rocha Honda asset in New Mexico. The Texas assets are all located within 75 miles of URRE’s existing processing facilities in Texas allowing URRE to bring these assets into production faster than it could Rocha Honda, in our view. We anticipate this will result in a reduction in overall resources for URRE, but we believe the asset locations in Texas are more advantageous. The Texas assets URRE is acquiring have historical resources, which will need to be upgraded to meet NI 43-101 requirements.' Reagor continued, “We anticipate URRE will show a resource reduction at Rocha Honda, but we expect the additional resources in Texas and locations of these assets to outweigh the resource reduction. As a result, we have elected to make no adjustments to our estimates or valuation. We continue to view URRE as a value opportunity given the significant resources it holds.”" This 7 November 2014 articleWebCite from Smarter Analyst notes: "In a research report published Friday, Roth Capital analyst Joe Reagor reiterated a Buy rating on Uranium Resources (NASDAQ:URRE), and reduced his price target to $3.50 (from $4.00), which represents a potential upside of 80% from where the stock is currently trading. Reagor explained his new target saying, “We believe URRE has enough cash and availability on its ATM to fund another 12 months, but in order to start production in Texas or to fund corporate expenditures beyond that point, URRE would need to raise additional capital. As a result of this expectation, we are cutting our price target to $3.50 from $4.00. We are also maintaining our Buy rating as we believe URRE’s depressed market value presents a value opportunity.”" There is sufficient coverage in reliable sources to allow Uranium Resources to pass Notability, which requires "significant coverage in reliable sources that are independent of the subject". Cunard (talk) 09:28, 29 July 2018 (UTC)
 * The analyst reports from ROTH Capital Partners and Dahlman Rose (an investment bank acquired by Cowen Group in 2013) provide substantial coverage of the subject. Cunard (talk) 09:28, 29 July 2018 (UTC)


 * Delete - fails WP:NCORP among others, and the company isn't even worth $100mil. Little to no coverage of the company on news in recent years. Redditaddict69 (talk) 06:16, 2 August 2018 (UTC)
 * The company meets WP:NCORP because WP:NCORP says analyst reports can be used to establish notability. This company has received coverage in analyst reports published in 2012 and 2014. Notability is not temporary. It also has received additional coverage in reliable sources as pointed out by Eastmain and Alpha3031. That the company does not have a market value of $100 million has no bearing on the company's notability. From Notability (organizations and companies), "smaller organizations and their products can be notable, just as individuals can be notable". Cunard (talk) 08:29, 2 August 2018 (UTC)


 * The above discussion is preserved as an archive of the debate. <b style="color:red">Please do not modify it.</b> Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.