Energy Fuels sells uranium assets to hedge fund, past president
Canadian uranium producer Energy Fuels Inc (TSX: EFR) has agreed to sell non-core uranium assets to a private investor group led by U.S. hedge fund manager Baobab Asset Management and George Glasier, a past president of the company. The sale, which involves Energy Fuels' Piñon Ridge mill license and related assets, as well as other mining properties located along the Colorado-Utah border, will be made for a cash consideration of US$2.05 million. Related transactions are expected to be completed in October. The Toronto-based company is selling assets as part of a cost reduction and rationalization strategy.
7 July 2014•6 mins read
