Saskatoon, Saskatchewan TheNewswire – September 17, 2021 UEX Corporation is pleased to announce that the Company has repaid its outstanding term loan from Denison Mines Corp. . The Term Loan was used by UEX to purchase JCU Exploration Company, Limited as more particularly described in UEX’s news release dated August 3, 2021. UEX repaid the outstanding balance of C$20.45 million to Denison on September 17, 2021. …
(TheNewswire)
Saskatoon, Saskatchewan TheNewswire – September 17, 2021 UEX Corporation (TSX:UEX ) ( OTC:UEXCF) (“ UEX ” or the “ Company ”) is pleased to announce that the Company has repaid its outstanding term loan (the “ Term Loan ”) from Denison Mines Corp. (“ Denison ”). The Term Loan was used by UEX to purchase JCU (Canada) Exploration Company, Limited (“ JCU ”), as more particularly described in UEX’s news release dated August 3, 2021.
UEX repaid the outstanding balance of C$20.45 million to Denison on September 17, 2021. Previously, C$20.5 million of the Term Loan was repaid upon UEX transferring 50% of the JCU shares to Denison immediately following the closing of the JCU acquisition (see UEX’s news release dated August 3, 2021). The shares of JCU owned by UEX that were pledged as security to Denison have been released to UEX.
About UEX
UEX is a Canadian uranium and cobalt exploration and development company involved in an exceptional portfolio of uranium projects.
UEX’s directly-owned portfolio of projects is located in the eastern, western and...
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