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Temrezli could be promising, but it has been difficult to get a handle on the exact permitting status of the project from Anatolia's disclosures over the last few years. The company hasn't gone out of its way to explain the regulatory processes in Turkey.

The merger with URI should help with financing due to URI's NASDAQ listing. Other than that, what is URI bringing to the table? URI is making much of the idea of dismantling its mothballed Rosita central processing plant in Duval County, Texas, and shipping it to Turkey for reassembly. The plant is at least 25 years old. It produced 2.6 million pounds of U3O8 before being idled in 1999, was restarted in 2008 and produced only 10,200 pounds before being shut down due to technical difficulties.