Uranium Stock Price, News & Analysis

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.

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.

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.