Uranium Stock Price, News & Analysis

The demand for uranium is expected to increase in 2023, driven by the nuclear industry's role in the clean energy transition. Despite a downtrend in prices post-Fukushima, a supply shortfall could benefit uranium miners. Kazakhstan, with 1.2 billion lbs of recoverable uranium resources, remains a leading producer, while Canada and Australia also contribute significantly. Active mining companies include Uranium Royalty Corp. (NASDAQ: UROY), which recently completed a $1.5 million royalty acquisition and committed to purchasing 200,000 pounds of uranium concentrate. This strategic move is designed to meet rising demand and strengthen its market position.

Uranium Royalty Corp. (NASDAQ: UROY) has successfully completed its acquisition of a U.S. uranium royalty portfolio from Anfield Energy Inc. for US$1.5 million. This portfolio includes royalties on projects like the San Rafael, Whirlwind, and Energy Queen, enhancing URC's revenue potential. Additionally, URC has committed to purchasing 200,000 pounds of uranium concentrate at an average cost of US$51.00 per pound, which adds to its substantial physical uranium holdings, now totaling 1,748,068 pounds valued at US$88 million. The company currently has C$147 million in cash and securities.

Uranium Royalty Corp. (NASDAQ: UROY) is set to present at the 2023 TD Securities Mining Conference on January 26th, 2023 at 10:40 am Eastern Time. Investors can register for the presentation here. Following the event, a recording will be available on the company's website for 90 days. As a unique player in the market, Uranium Royalty Corp. focuses on uranium royalties, streaming, and physical uranium, positioning itself as a vital capital provider in the uranium sector.

Uranium Royalty Corp. (NASDAQ: UROY) has chosen to receive royalty proceeds from the McArthur River mine in physical uranium, leveraging Cameco's production plans of 15 million pounds of U₃O₈ annually starting in 2024. The company has also completed an indirect acquisition of a sliding scale royalty (10%-20% NPI) on the Dawn Lake project for $100,000, further enhancing its portfolio in a prime uranium mining region. URC aims to maximize value for shareholders while capitalizing on uranium market potential.

Uranium Royalty Corp. (NASDAQ: UROY) has announced an agreement to acquire a portfolio of U.S. uranium royalties from Anfield Energy Inc. for US$1.5 million. The portfolio includes royalties from significant projects such as the San Rafael Project in Utah and the Dewey Burdock Project in South Dakota, enhancing URC's American uranium interests at a pivotal time for energy security. CEO Scott Melbye emphasized the strategic value of expanding uranium assets amid geopolitical tensions affecting energy supply. The deal is subject to TSX Venture Exchange approval.