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Fission Uranium Becomes Debt Free After Credit Facility Repayment

Benzinga Real-time News · Apr 7, 2022 15:30

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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