- One of few uranium, natural resource companies in North America with no debt
- Sets stage for increasing uranium production as markets improve; launching rare earth element initiative
- Allows rare earth production as markets warrant
- Applauds U.S. government for securing agreement to limit imports of uranium from Russia
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium mining company in the United States, has officially reached debt-free status, a goal it has been working toward for the past several months (https://ibn.fm/BFes9). The company reached that goal following the retirement of its remaining Cdn$10.4 million of floating rate convertible unsecured subordinated debentures; the company currently has no other remaining short- or long-term debt.
“While many uranium and other natural resource companies have significant debt burdens, Energy Fuels is proud to announce that today we became debt free,” Energy Fuels president and CEO Mark S. Chalmers stated…
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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