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Uranium Royalty Corp. - UROY STOCK NEWS

Welcome to our dedicated page for Uranium Royalty news (Ticker: UROY), a resource for investors and traders seeking the latest updates and insights on Uranium Royalty stock.

Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) is a pioneering company in the uranium sector, uniquely positioned as the world’s only uranium-focused royalty and streaming corporation. The company offers investors exposure to uranium prices through its strategic investments in a diverse portfolio of uranium interests. These investments include royalties, streams, debt and equity holdings in uranium companies, and physical uranium trading.

Core Business and Strategy

Uranium Royalty Corp. operates by acquiring royalties and streams on uranium projects, which provide it with long-term revenue opportunities. The company’s investment strategy is designed to capture the economic upside of rising uranium prices while mitigating operational risks. Additionally, URC’s holdings of physical uranium further position it as a key player in the uranium market.

Recent Achievements and Developments

Recently, Uranium Royalty Corp. secured approval for listing its shares and warrants on the Toronto Stock Exchange (TSX), effective July 6, 2023. This move enhances the company’s visibility in capital markets and aligns with its growth strategy. In October 2023, URC announced additional fixed-price uranium purchase commitments totaling 1 million pounds U3O8, further strengthening its physical uranium inventory.

Leadership and Expertise

The company’s leadership team comprises industry veterans with extensive experience in uranium and nuclear energy, including mine finance, project identification, and uranium sales. Scott Melbye, the Chief Executive Officer, has been instrumental in steering the company towards its strategic objectives.

Financial Condition and Market Position

Uranium Royalty Corp. is financially robust, with a growing portfolio that includes physical uranium valued at approximately $195 million. As the only pure-play uranium royalty company listed on NASDAQ, URC is well-positioned to capitalize on the increasing demand for uranium as a critical component in carbon-free nuclear energy.

Partnerships and Collaborations

URC collaborates with various stakeholders in the uranium industry, including mining companies and financial institutions, to identify and evaluate investment opportunities. The company’s partnerships are essential in its mission to support global productive capacity in the uranium sector.

Investment Opportunities

Investors seeking exposure to the uranium market can benefit from URC’s strategic acquisitions and comprehensive approach to managing uranium assets. The company’s diversified portfolio and expertise make it a compelling option for those interested in the long-term prospects of the uranium industry.

Rhea-AI Summary

Uranium Royalty Corp. (NASDAQ: UROY) announced its fiscal second quarter results for the period ending October 31, 2022. The company reported approximately C$142 million in cash and uranium assets, including physical holdings of 1,548,068 pounds U3O8. These holdings, acquired at an average cost of US$42.31 per pound, were valued at US$81 million based on a spot price of US$52.25. Additionally, the company raised C$3.6 million from common share distributions during the quarter.

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Uranium Royalty Corp. (NASDAQ: UROY) held its annual general meeting on October 13, 2022, where all proposed directors were elected. The nominees, including Amir Adnani and Scott Melbye, received high approval rates, with up to 99.81% votes in favor. A total of 42,375,377 common shares were voted, representing 43.84% of outstanding shares. Additionally, shareholders approved PricewaterhouseCoopers LLP as the Company’s auditor for the coming year. This meeting reflects strong shareholder engagement and confidence in the Company's leadership.

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Uranium Royalty Corp. (NASDAQ: UROY) invites investors to its presentation at the 2022 TD Securities Virtual Uranium Roundtable on October 12, 2022, at 2:40 PM ET. Interested parties can register via this link. A recording of the presentation will be available on the company's website for 90 days after the event. As the only uranium-focused royalty and streaming company on NASDAQ, URC offers exposure to uranium markets through various strategic investments, aiming to meet the increasing demand for carbon-free nuclear energy.

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Uranium Royalty Corp. (NASDAQ: UROY) announced its unaudited interim consolidated financial statements for the three months ending July 31, 2022. The company holds approximately C$133 million in cash, marketable securities, and physical uranium. As of July 31, 2022, Uranium Royalty owns 1,548,068 pounds of U3O8, purchased at an average cost of US$42.31 per pound, now valued at approximately C$22 million above acquisition cost. During the quarter, they raised C$3.8 million through share distribution.

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Uranium Royalty Corp. (NASDAQ: UROY) has renewed its at-the-market equity program, enabling the distribution of up to US$40 million in common shares. The program allows the company to sell shares at prevailing market prices through a syndicate of agents, including BMO Nesbitt Burns. Proceeds from the sales will be used for acquiring additional royalties, streams, and physical uranium, as well as for working capital. The program's effectiveness hinges on the filing of a prospectus supplement, with the agreement terminating upon reaching the sales cap or by July 14, 2023.

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Uranium Royalty Corp. (UROY) has published its annual information form and financial statements for the year ended April 30, 2022. As of that date, the company held approximately C$132 million in cash and uranium assets, with 1,448,068 pounds of U3O8 at an acquisition cost of US$41.19 per pound. The recent uranium spot price of US$47.00 indicates a net realizable value increase of US$8 million. The company also noted a C$16 million increase in the fair value of short-term investments and raised C$34 million through share distributions during the year.

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Uranium Royalty Corp. (NASDAQ: UROY) announced on May 17, 2022, the granting of incentive stock options for 343,750 common shares at an exercise price of $3.31 per share, equivalent to the market price on May 12, 2022. The options will vest over 18 months and are subject to TSX Venture Exchange acceptance. Additionally, 100,000 options were granted to a contractor under an existing stock option plan, vesting over 12 months. URC focuses on providing uranium price exposure through strategic acquisitions in royalties and holdings of physical uranium.

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Uranium Royalty Corp. (UROY) has acquired an additional 1% gross revenue royalty interest on the licensed Lance In-Situ Recovery Uranium Mine in Wyoming from Strata Energy Inc. for US$1.25 million. This acquisition enhances URC's existing 4% royalty on the project, providing increased exposure to U.S. uranium production. The mine, currently under feasibility study for a re-start of production after being idled in 2019, holds significant potential as the global nuclear fuel industry shifts focus towards U.S.-based uranium sources amid geopolitical concerns.

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Uranium Royalty Corp. (NASDAQ: UROY) has announced commitments to purchase an additional 200,000 pounds of uranium concentrate at an average price of US$58.40 per pound, with deliveries set for April/May 2022. This acquisition will increase URC's total uranium inventory to 1,548,068 pounds, acquired at a weighted average price of US$42.20 per pound, raising the net realizable value by approximately US$25 million based on current spot prices. URC also has future commitments for 500,000 pounds through 2025.

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Uranium Royalty Corp. (NASDAQ: UROY) published its unaudited financial statements for the three and nine months ending January 31, 2022. As of this date, the Company held about C$113 million in cash and marketable securities, alongside 1,348,068 pounds of U3O8 at a cost of US$39.80 per pound. The current spot price of uranium is US$54.50, resulting in a net increase of C$27 million in the value of these holdings. The Company also reported a C$8 million rise in the fair value of its equity interests in Yellow Cake plc.

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FAQ

What is the current stock price of Uranium Royalty (UROY)?

The current stock price of Uranium Royalty (UROY) is $2.13 as of December 20, 2024.

What is the market cap of Uranium Royalty (UROY)?

The market cap of Uranium Royalty (UROY) is approximately 281.2M.

What is Uranium Royalty Corp.?

Uranium Royalty Corp. (URC) is the world's only uranium-focused royalty and streaming company, providing investors with exposure to uranium prices through strategic acquisitions in the uranium sector.

What recent achievements has Uranium Royalty Corp. made?

URC recently secured approval for listing its shares and warrants on the Toronto Stock Exchange (TSX) and announced additional fixed-price uranium purchase commitments totaling 1 million pounds U3O8.

Who leads Uranium Royalty Corp.?

The company is led by Scott Melbye, its Chief Executive Officer, and a team of industry veterans with extensive experience in uranium and nuclear energy sectors.

What types of investments does Uranium Royalty Corp. hold?

URC holds investments in royalties and streams on uranium projects, debt and equity in uranium companies, and physical uranium trading.

What is the significance of the TSX listing for Uranium Royalty Corp.?

The TSX listing enhances URC's visibility in capital markets, aligning with its growth strategy and providing a significant marketplace for capital.

How does Uranium Royalty Corp. benefit investors?

Investors benefit from URC's strategic acquisitions and comprehensive management of uranium assets, providing exposure to uranium prices and long-term revenue opportunities.

What are some of the strategic acquisitions URC has made?

URC has secured additional fixed-price uranium purchase commitments and has a portfolio of diverse uranium interests, including royalties and streams on various projects.

How much physical uranium does Uranium Royalty Corp. hold?

URC's physical uranium inventory is approximately 2.65 million pounds U3O8, valued at around $195 million.

What makes Uranium Royalty Corp. unique?

URC is unique as it is the only pure-play uranium royalty company listed on NASDAQ, exclusively focused on uranium investments.

Why is uranium important for the future?

Uranium is a critical component for carbon-free nuclear energy, essential for meeting global energy needs and reducing carbon emissions.

Uranium Royalty Corp.

Nasdaq:UROY

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UROY Stock Data

281.21M
105.58M
22.45%
22.83%
6.34%
Uranium
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