Greetings, and welcome to the Uranium Resources, Inc. first quarter 2010 financial results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. Deborah Pawlowski, Investor Relations for Uranium Resources. Thank you. Ms. Pawlowski, you may begin.

Thank you Cadia and good morning everyone. We appreciate your time today and your interest in Uranium Resources. President and CEO, Don Ewigleben, is going to cover the strategy and outlook for the company, and following that we will do some Q&A. If you don't have the news release, it can be found on our Web site, which is www.uraniumresources.com. As you are aware, we may make some forward-looking statements during the formal presentation and the Q&A portion of this teleconference. Those statements apply to future events, which are subject to risks and uncertainties as well as other factors that could cause the actual results to differ materially from where we are today. These factors are outlined in the news release as well as in documents filed by the company with the Securities and Exchange Commission. You can find those at our Web site where we regularly post information about the company as well as the SEC's Web site, which is www.sec.gov. So please review our forward-looking statements in conjunction with these precautionary factors. So with that, let me turn it over to Don to begin the discussion. Don?

Thank you, Debbie; and to those of you who are listening in today about the position of URI and its activities in the first quarter, we've been trying to achieve the elements of a new strategic plan that we previously announced. With me on the call today and available for answering questions are Rick Van Horn, our Senior Vice President of Operations and Development; and Tom Ehrlich, our CFO. As many of you know, the UI Board approved a revised strategic plan in the first quarter, which set a course of action for our management team regarding financing, operational improvements, project developments, regulatory and community affairs outreach, and some significant business development plans to try to extend our position in both Texas and the New Mexico districts. Our number one priority has been our cash conservation program, which was put in play in mid 2009. As you know, our cash position according to the press release as it states was $3.8 million at the end of the quarter. We had a slightly higher burn rate than we would've liked. This was primarily due to timing of legal issues with respect to two cases. We will maintain our efforts to reach our object of a $500,000 per month core burn rate, and we believe we can achieve it. We are concerned that it may not be a consistent monthly expenditure rate or sustainable over the latter quarters of this year given our efforts to prepare both Texas and New Mexico for rapid movement to advance our projects there when it is appropriate and when the price recovers, and to the return of these non-recurring legal fees in the latter part of the year related to the case in South Texas. I’ll come back to that in detail in a bit. You…

(Operator instructions) It appears we have no questions. I'll now turn the floor back over to management for any closing remarks.

Well, they say that if there are no questions asked you’ve either explained it thoroughly or someone needs time to digest the information. I’ll assume it’s the latter and if you do have questions we of course can always receive those questions either through our Web site or direct calls to the Dallas office in the numbers listed on the Web site. If you do have any immediate questions with regard to the first quarter, please do not hesitate to contact Debbie, myself or the management team so that we can answer those questions. And in the future, we will be holding further conference calls to announce our activities with regard to financing, development, joint venture and the like. Thank you for participating in the call today.

Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time, and we thank you for your participation.