Perma-Fix receives $1.61M from CNL settlement; dispute resolved

PERMA FIX ENVIRONMENTAL SERVICES INC

On May 10, 2024, Perma-Fix Canada received ~$1,612,000 from Canadian Nuclear Laboratories.
The payment settles outstanding receivables from a 2019 Task Order Agreement for Ontario remediation work.
CNL issued a Notice of Termination in Q4 2021 after work was substantially completed; work has since been finished.
A prior settlement agreement with conditions had been reached; this payment satisfies the remaining balance.

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