Uranium Royalty Corp. - UROY STOCK NEWS

Uranium Royalty Corp (NASDAQ: UROY) has acquired a royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan for $6 million. The acquired royalty is a 10% net profit interest on a 20.6955% participating interest in the Projects. The Millennium Project, operated by Cameco, contains Indicated Resources of 75.9 million pounds U3O8 at 2.39% grade and Inferred Resources of 29.0 Mlbs U3O8 at 3.19% grade. The project previously had an Environmental Impact Statement application in 2009 proposing production of 150,000-200,000 tonnes of ore annually with a 10-year mine life. The acquisition provides URC exposure to 12,800 hectares in the Athabasca Basin.

Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) held its annual general and special meeting on October 17, 2024, where shareholders elected five directors to the company's board. The elected directors are Amir Adnani, Scott Melbye, Vina Patel, Neil Gregson, and Donna Wichers. Following the meeting, the board appointed members to various committees, including the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company's auditor and authorized amendments to the Long-Term Incentive Plan. The meeting saw a total of 60,041,175 common shares voted, representing 49.42% of outstanding shares.

Notably, Donna Wichers was elected as a new board member. With over 40 years of experience in the uranium industry, Ms. Wichers brings extensive expertise to the board, having held senior roles in various uranium mining companies and served on multiple industry boards.

Uranium Energy Corp (NYSE American: UEC) has announced a succession plan for its Chief Financial Officer position. Josephine Man will be joining the company and succeeding Pat Obara as Treasurer and CFO, effective October 1, 2024. Obara, who has been with UEC since 2006, will transition to the role of Senior Vice-President, Administration after filing the company's Annual Report on Form 10-K for the current fiscal year.

CEO Amir Adnani praised Obara's 18-year contribution to UEC and expressed excitement about Man's appointment, citing her strong financial background and experience as valuable assets for the company's plans to ramp up operations and move into commercial production. Man brings extensive experience in financial reporting, corporate finance, M&A, and risk management, having previously served as CFO for Uranium Royalty Corp and Gold Royalty Corp.

Uranium Royalty Corp (NASDAQ: UROY) (TSX: URC) has completed the acquisition of an additional royalty on a portion of the Churchrock uranium project in New Mexico, USA. The project, owned by Laramide Resources , is an advanced stage, in-situ recovery uranium project located in the Grants Mineral Belt. The newly acquired royalty is structured as a 6% Gross Overriding Royalty on the 'Mine Price', covering 10 patented mining claims in Section 8 property (640 acres). URC paid US$3.5 million in cash for this royalty. The Churchrock Project is considered one of the largest and highest-grade undeveloped ISR uranium projects in the United States, potentially offering significant value to URC's portfolio.

Uranium Royalty Corp (NASDAQ: UROY, TSX: URC) has agreed to acquire an additional royalty on a portion of the Churchrock uranium project in New Mexico, USA, owned by Laramide Resources The royalty is structured as a 6% Gross Overriding Royalty on the 'Mine Price' for 10 patented mining claims in Section 8 of the project. URC will pay US$3.5 million for this royalty, funded from existing cash and liquid assets.

The Churchrock Project is an advanced stage, ISR uranium project with a total Inferred Mineral Resource of 50.8 million pounds U3O8, including 10.22 million pounds on Section 8. A preliminary economic assessment estimates a 32-year mine life with annual production of 975,000 pounds U3O8. This acquisition aligns with recent U.S. legislation aimed at revitalizing domestic nuclear fuel production and phasing out Russian uranium imports by 2028.

Uranium Royalty Corp. (UROY) closes bought deal financing, selling 6,724,600 common shares at US$3.40 per share, generating US$22,863,640. The net proceeds will fund future royalty acquisitions and physical uranium purchases. The Offering was led by Canaccord Genuity Corp., BMO Capital Markets, and H.C. Wainwright & Co., LLC. Uranium Energy Corp. acquired 1,047,614 Common Shares in the Offering.

Uranium Royalty Corp. (UROY) supports the Net Zero Nuclear Industry Pledge at COP 28, aiming to triple global nuclear capacity by 2050. The company's President and CEO, Scott Melbye, presented his views at the event, emphasizing the sustainability of the uranium sector. URC demonstrated its commitment to the pledge as one of 120 industry signatories, with 22 countries, including the US, UK, France, UAE, Japan, South Korea, and Canada, making the same declaration. The company aims to support the growing demand for uranium as a capital provider to miners and developers globally.

Uranium Royalty Corp. (UROY) released its inaugural 2023 Sustainability Report, highlighting the company's sustainability initiatives, risk management, diversity, and community contributions. CEO Scott Melbye emphasized the company's commitment to responsible environmental stewardship and supporting carbon-free nuclear energy.

Uranium Royalty Corp. announces additional fixed-price uranium purchase commitments totaling 1 million pounds U3O8 in current quarter. The weighted average purchase price is US$70.44 per pound. The company also receives the first delivery of 300,000 pounds U3O8 under its purchase agreement with CGN Global Uranium Ltd. These purchases will increase URC's physical uranium inventory to approximately 2.65 million pounds U3O8 at a weighted average cost of approximately US$54.08 per pound.