NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 09/08/2020 3:46:36 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Delivers Notice to Debenture Holders, to Reach Debt-Free Status by October
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, has announced a cash redemption of all outstanding debentures; the redemption will result in the company being debt free by Oct. 6, 2020. To reach this significant milestone, the company announced that it had delivered a notice to holders of currently outstanding debentures, which it plans to redeem on Oct. 6, 2020. The announcement notes that the debentures are redeemable for an amount equal to 101% of their principal amount plus accrued and unpaid interest up to but excluding the redemption date. “Energy Fuels is proud to announce that we are paying off the remainder of our debt and that we will be debt free on October 6, 2020,” Energy Fuels president and CEO Mark S. Chalmers said in the press release. “Many junior uranium producers and developers around the world are currently incurring significant amounts of debt to fund exploration and development activities and to cover corporate overheads. However, without sufficient cash flow, servicing this debt can become extremely burdensome and destructive to shareholder value. Instead, Energy Fuels has focused on cleaning up our balance sheet with minimal impact to our shareholders.”
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 largest uranium mining company in the United States, has announced a cash redemption of all outstanding debentures; the redemption will result in the company being debt free by Oct. 6, 2020. To reach this significant milestone, the company announced that it had delivered a notice to holders of currently outstanding debentures, which it plans to redeem on Oct. 6, 2020. The announcement notes that the debentures are redeemable for an amount equal to 101% of their principal amount plus accrued and unpaid interest up to but excluding the redemption date. “Energy Fuels is proud to announce that we are paying off the remainder of our debt and that we will be debt free on October 6, 2020,” Energy Fuels president and CEO Mark S. Chalmers said in the press release. “Many junior uranium producers and developers around the world are currently incurring significant amounts of debt to fund exploration and development activities and to cover corporate overheads. However, without sufficient cash flow, servicing this debt can become extremely burdensome and destructive to shareholder value. Instead, Energy Fuels has focused on cleaning up our balance sheet with minimal impact to our shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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