Energy Fuels is now debt-free

- October 6th, 2020

Following the retirement of remaining C$10.43M of floating rate convertible unsecured subordinated debentures, Energy Fuels has no Debentures remain outstanding, no other remaining short- or long-term debt, and have ceased to be listed on the Toronto Stock Exchange. “Being debt-free distinguishes Energy Fuels not only from many of our peers in the uranium and natural resource sectors, but also from many public …

Following the retirement of remaining C$10.43M of floating rate convertible unsecured subordinated debentures, Energy Fuels (UUUU) has no Debentures remain outstanding, no other remaining short- or long-term debt, and have ceased to be listed on the Toronto Stock Exchange. “Being debt-free distinguishes Energy Fuels not only from many of our peers in the uranium and natural resource sectors, but also from many public companies in general. Having no debt reduces costs and allows Energy Fuels to better weather market volatility. Coupled with our strong working capital position, this also provides us with a ‘clean slate’ from which to increase uranium production when warranted and to launch the exciting rare earth element initiative we are pursuing.Shares up 2.9% premarket.

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Energy Fuels is now debt-free

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