Uranium Resources Inc. (NASDAQ:URRE) announced that it has obtained $9M in surety bonds for the remediation and reclamation of its South Texas Projects.
As quoted in the press release:
The new bonds will require $4.5 million in cash collateral and will replace the existing $9.0 million of fully collateralized financial surety instruments that are currently providing the financial surety requirements for the projects. As a result of the lower cash collateral requirement, $4.5 million will be released back to URI.
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