UUUU - Energy Fuels reports receipt of payment in full for prior sale of Alta Mesa ISR project
2023-11-13 06:17:45 ET
- Energy Fuels ( NYSE: UUUU ) Monday reported the sale to MMCAP International Inc SPC the remaining unpaid balance of $20 million owed under the Secured Convertible Note issued to the company by enCore Energy as partial consideration for enCore's purchase of the Alta Mesa In-Situ Recovery Project.
- enCore previously paid $40 million toward the $60 million principal note balance and $1.8 million of interest to the company in partial fulfillment of its obligations under the note.
- As a result of enCore's earlier paydown and the $22.4 million received in connection with the Note's sale, the company has now received payment in full for the Alta Mesa Sale, and no further consideration is owed in connection therewith.
- Source: Press Release
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Energy Fuels reports receipt of payment in full for prior sale of Alta Mesa ISR project