- UUUU will pay off half of its debt in July, plans to be debt free by the end of 2020
- Expects to save about $350,000 in avoided interest
- Energy Fuels has focused on strategy to eliminate debt over the past several years with minimal impact to shareholders
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, plans to take a significant step forward in its strategy to reduce debt and further strengthen its balance sheet by redeeming half of its outstanding debt earlier than planned (http://nnw.fm/eAj5w). The company notified holders of the outstanding floating rate convertible unsecured subordinated debentures of its plans earlier this month.
“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,” said Energy Fuels president and…
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
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