NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
Post# of 388
(Total Views: 346)
Posted On: 07/10/2020 4:04:53 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Eyes Debt Freedom in 2020
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, is taking significant strides to reduce debt while moving forward on the path to debt freedom. A recent article quoted Energy Fuels’ president and CEO Mark S. Chalmers on this initiative, stating, “Energy Fuels is proud to announce that we are paying off half of our debt on July 14, 2020, and that we expect to become debt free by the end of 2020. We are proactively managing our remaining debt to ensure we have the ability to pay it off on our own timing and terms and with minimal disruption. We believe it makes sense to redeem half of the Debentures now because the U.S.-Canada exchange rate is favorable, we have sufficient cash available, and we will avoid approximately US$350,000 in interest payments in 2020 by doing so. We will address the remaining Cdn$10,430,000 balance over the next several months when we think the timing is most appropriate.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, is taking significant strides to reduce debt while moving forward on the path to debt freedom. A recent article quoted Energy Fuels’ president and CEO Mark S. Chalmers on this initiative, stating, “Energy Fuels is proud to announce that we are paying off half of our debt on July 14, 2020, and that we expect to become debt free by the end of 2020. We are proactively managing our remaining debt to ensure we have the ability to pay it off on our own timing and terms and with minimal disruption. We believe it makes sense to redeem half of the Debentures now because the U.S.-Canada exchange rate is favorable, we have sufficient cash available, and we will avoid approximately US$350,000 in interest payments in 2020 by doing so. We will address the remaining Cdn$10,430,000 balance over the next several months when we think the timing is most appropriate.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Energy Fuels Inc (UUUU) Stock Research Links
Scroll down for more posts ▼