Energy Fuels to redeem C$10.43 million outstanding convertibles

By Taylor Fox

New York, Sept. 8 – Energy Fuels, Inc. plans to redeem its remaining C$10.43 million of convertible subordinated debentures due Dec. 31, 2020 on Oct. 6, according to a news release.

The debentures will be redeemed at a price equal to 101% of the principal amount plus interest.

“Energy Fuels is proud to announce that we are paying off the remainder of our debt and that we will be debt free on Oct. 6, 2020,” said Energy Fuels president and chief executive officer Mark S. Chalmers in a news release.

Following the redemption, no debentures will remain outstanding, and the debentures will be removed from the Toronto Stock Exchange.

Energy Fuels is a uranium miner based in Lakewood, Colo.

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