Uranium Resources (URI) has reported a net loss of $4.6m for the second quarter of 2015, compared to $3.1m for the same period in 2014.

Net cash used in operating activities was $3.1m in Q2, compared to $3m in the year-ago period.

The company invested a total of $406,000 on initial drilling and evaluation work at the Butler Ranch and Alta Mesa Este projects.

During Q2, URI announced a transformational and strategic merger with Anatolia Energy that will advance uranium production to the near term with the planned construction and start-up of Anatolia’s Temrezli project in Central Turkey.

Uranium Resources said that its goals for this year remain unchanged, with the addition of closing of the merger.

URI president and CEO Christopher Jones said: "We continue to grow the Company through the proposed Merger with Anatolia, which brings forward URI’s ISR production timing with the addition of Anatolia’s low-cost, high-grade Temrezli ISR project.

"This Merger will create the next low-cost uranium ISR producer, and the first in Turkey.

Last month, URI acquired a database including an uranium resource estimate for its Butler Ranch properties in South Texas.

URI has two licensed and currently idled processing facilities and about 17,000 acres of prospective in situ recovery projects in Texas.