URANIUM ENERGY CORP Debt Disclosure

NOTE 11:

LONG-TERM DEBT

 

As at July 31, 2022, our long-term debt consisted of the following:

		July 31, 2022				July 31, 2021
Balance, beginning of year		$	10,075			$	19,869
Amortization of discount and accrued fees			525				1,376
Payment of anniversary fees			(600	)			(1,170	)
Principal repayment			(10,000	)			(10,000	)
Balance, end of year		$	-			$	10,075

 

During Fiscal 2021, we made voluntary principal payments totaling $10,000 to certain Lenders, and during Fiscal 2022, we repaid the remaining $10,000 principal amount to the remaining Lender, which decreased the principal balance outstanding to $Nil as at July 31, 2022 under our Credit Facility.

 

Pursuant to the terms of our Third Amended and Restated Credit Agreement, during Fiscal 2022, we issued 161,594 shares with a fair value of $600 as payment of anniversary fees to our remaining Lender. During Fiscal 2021, we issued an aggregate of 1,249,039 shares with a fair value of $1,170, and during Fiscal 2020, we issued an aggregate of 1,743,462 shares with a fair value of $1,400, as payments of anniversary fees to the Lenders.

 

During Fiscal 2022, Fiscal 2021 and Fiscal 2020, the amortization of debt discount and accrued fees totaled $525, $1,376 and $1,670, respectively, which was recorded as interest expense and included in our Consolidated Statements of Operations and Comprehensive Income (Loss). During Fiscal 2022, Fiscal 2021 and Fiscal 2020, we paid $409, $1,255 and $1,627, respectively, in cash for interest on our long-term debt.