First Uranium Selling Key Assets to Pay Down Debt

Reuters reported First Uranium (TSX:FIU) is planning to sell some of its key assets to pay down debts due later this year.

As quoted in the market news:

The Toronto-based company said late on Tuesday that the sale of its “principal assets” should generate enough cash to meet its financial obligations, including C$150 million in convertible debt due in June.

First Uranium owns the Ezulwini uranium mine and the Mine Waste Solutions tailings processing facility, both in South Africa.

Click here to read the full Reuters report.