Still Lacking Environmental Approval, First Uranium Warns of Financial Travails

摘要

The troubles continue at Canada's First Uranium, where despite optimism that a South African provincial government will reinstate a withdrawn environmental authorization (EA) for its new Tailings Storage Facility (TSF), the company is facing severe financial hardship. Warning that unless "alternative financing" is obtained the company will face a severely compromised financial position, First Uranium said last week that it is delaying future expenditures and restructuring its operations.