Uranium Stock Price, News & Analysis

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.

Uranium Royalty Corp. (NASDAQ: UROY) provided an update on the Langer Heinrich Mine, where it holds a production royalty of A$0.12 per kilogram of U₃O₈. The restart cost is estimated at US$81M, with a projected mine life of 17 years and ore reserves of 84.8 Mt at an average grade of 448 ppm U₃O₈. The life of mine production target has increased to 77.4 Mlbs of U₃O₈, while the estimated C1 costs are revised to US$27.40/lb. Paladin Energy, the mine operator, is negotiating long-term contracts to support the restart, which is contingent on securing necessary financing and contracts.

Uranium Royalty Corp. (NASDAQ: UROY) has announced contracts for four additional spot purchases totaling 400,000 pounds of U₃O₈ at an average cost of US$45.00 per pound. This will increase the company's physical inventory to 1,048,068 pounds U₃O₈ at a weighted average cost of US$37.64 per pound. As of October 18, 2021, the spot price stands at US$47.25, elevating the net realizable value of holdings to US$10.07 million. The company's strategy aims to leverage the growing demand for uranium amidst a shift towards carbon-free energy.

Uranium Royalty Corp. (URC) announced the results of its annual general meeting held on October 14, 2021. All five director nominees were elected with high voting percentages: Amir Adnani (99.76%), Scott Melbye (99.87%), Vina Patel (93.38%), Neil Gregson (99.90%), and John Griffith (99.90%). David Neuburger did not seek re-election. The company also appointed PricewaterhouseCoopers LLP as its auditor for the upcoming year. A total of 39,094,119 shares, representing 47.06% of all outstanding shares, were voted at the meeting, reflecting active shareholder engagement.

Uranium Royalty Corp. (NASDAQ: UROY) invites investors to its presentation at the TD Securities Virtual Uranium Roundtable on October 7, 2021, at 3:40 PM ET. President and CEO Scott Melbye will provide company updates and answer questions. Registration for the event is available via the provided link. The presentation will be recorded and accessible on the company's website for 90 days post-conference. As a pure-play uranium royalty company, URC focuses on strategic investments in uranium interests, capitalizing on market cyclicality.

Uranium Royalty Corp. (NASDAQ: UROY) has appointed John Griffith to its board of directors. Griffith brings nearly 30 years of experience in financial services, having advised on over $60 billion in mining transactions. His notable achievements include structuring a $648 million gold stream and leading various high-profile mergers. In connection with his appointment, Griffith received stock options to purchase 40,000 shares at $5.46 each, vesting over 18 months. URC remains a unique player in the uranium market, focused on strategic investments across the sector.

Uranium Royalty Corp. (UROY) announced contracts for three additional spot purchases of 300,000 pounds of U₃O₈ at an average cost of US$38.17 per pound, scheduled for delivery in September/October 2021. After these acquisitions, URC will have a total of 648,068 pounds of U₃O₈ at an average cost of US$33.10 per pound. With the current market price of US$45.00 per pound, URC's net realizable value of holdings increases by US$7.7 million. The company holds C$80 million in cash, marketable securities, and physical uranium.

Uranium Royalty Corp. (NASDAQ: UROY) has been added to the Global X Uranium ETF as part of its bi-annual index rebalancing, marking a significant recognition for the company. This inclusion highlights the company's strategy to invest in uranium interests such as royalties, streams, and physical uranium. CEO Scott Melbye emphasized the importance of this addition amid increasing investor interest in green energy and the anticipated recovery of uranium prices driven by improved supply-demand fundamentals.