The company said it will continue to evaluate its exploration/development strategy, to advance the value of Mtonya.
Uranium Resources managing director Alex Gostevskikh said: "There are strong nuclear fuel market fundamentals in place including the continued growth in Asian and European power generation; and finite supplies of secondary uranium and existing limits on economically viable uranium resources.
"As such we remain optimistic that we will be able to continue to advance Mtonya and look forward to updating the market on developments in due course."
The company has turned down its licenses in the Ruhuhu Basin, as part of a review of its overall tenement strategy to build shareholder value from Mtonya.
