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Benzinga
Benzinga
Business
Akanksha Bakshi

Fission Uranium Becomes Debt Free After Credit Facility Repayment

FCU TSX Canada Saskatchewan
  • Fission Uranium Corp (TSX:FCU) (OTC:FCUUF) has repaid the remaining ~$7 million balance of its secured credit facility. The company is now completely debt and lien-free.
  • As of April 7, 2022, Fission Uranium holds ~C$40 million of cash and cash equivalents and has no debt.
  • Fission also continues to advance PLS - its high-grade, near-surface uranium project in Saskatchewan, Canada – on schedule and expects to complete its feasibility study before 2022-end.
  • "Fission continues to deliver on our business strategy, advancing the high-grade, near-surface PLS uranium project in Saskatchewan, Canada, while also strengthening our finances and balance sheet," commented CEO Ross McElroy.
  • Price Action: FCU shares are trading higher by 10.75% at C$1.03 on TSX, and FCUUF is higher by 14.% at $0.84 on the last check Thursday.
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