Welcome to our dedicated page for Uranium news (Ticker: UROY), a resource for investors and traders seeking the latest updates and insights on Uranium stock.
Uranium Royalty Corp. reports developments tied to uranium royalty and streaming exposure, physical uranium holdings, and investments in uranium-related companies. The company acquires and assembles royalties and related interests in uranium projects, including project royalties in Canada, while maintaining commodity exposure through physical uranium and uranium-sector securities.
Company updates also cover capital actions, material agreements, shareholder voting results, board and finance leadership changes, and operating and financial results. Recurring disclosures center on royalty portfolio additions, uranium market exposure, governance, and financing structures used to support its royalty and investment strategy.
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.
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.
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.
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.
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.
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.
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.
Uranium Royalty Corp. (NASDAQ: UROY) invites investors to its presentation at the 2022 TD Securities Virtual Global Mining Conference on January 27, 2021, at 3:45 PM ET. President and CEO Scott Melbye will provide updates and answer questions during a live webcast. Registration is available via this link. A recording of the presentation will be accessible on the company’s website for 90 days post-conference. URC is the only pure-play uranium royalty company listed on Nasdaq, focusing on strategic uranium investments.
Uranium Royalty Corp. (NASDAQ: UROY) announced its unaudited interim consolidated financial results for the periods ending October 31, 2021. As of December 13, 2021, the company reported approximately C$104 million in cash, marketable securities, and physical uranium holdings. The company expanded its physical uranium inventory by 300,000 pounds, totaling 1,348,068 pounds at an average acquisition price of US$39.80 per pound. Additionally, URC amended its margin loan facility with the Bank of Montreal, raising the commitment amount to US$15 million.
Uranium Royalty Corp. (UROY) has announced a Supply Stream Agreement with CGN Global Uranium Limited, set to deliver 500,000 pounds of U3O8 from 2023 to 2025 at a fixed average price of $47.71 per pound. The first delivery of 300,000 pounds is scheduled for October 20, 2023, followed by two additional deliveries of 100,000 pounds in June 2024 and April 2025. This agreement provides URC access to critical uranium supplies amid projected annual supply deficits and does not require upfront cash payments.