Fission Uranium Becomes Debt Free After Credit Facility Repayment

April 7, 2022 3:30 PM | 1 min read | Make a Comment

Fission Uranium Corp FCU 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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