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. (NASDAQ: UROY, TSX: URC) is a uranium-focused royalty and streaming company whose news flow centers on uranium royalty acquisitions, corporate governance developments, financing activities, and portfolio updates. The company describes itself as the world’s only publicly traded uranium-focused royalty and streaming company and the only pure-play uranium listed company on the NASDAQ, which shapes the type of announcements it makes to the market.
News releases from Uranium Royalty Corp. frequently cover new royalty transactions on uranium projects operated by third parties. Examples include agreements and completed acquisitions of gross overriding royalties and net profit interest royalties on projects such as the Churchrock uranium project in New Mexico, the Millennium and Cree Extension projects in Saskatchewan, and the Aberdeen Uranium Project in Nunavut. These items provide insight into how the company expands its portfolio and increases its exposure to potential future uranium production.
Investors following UROY news can also expect updates on capital raising and financing, such as bought deal equity offerings, along with stated uses of proceeds for future royalty acquisitions and purchases of physical uranium. Corporate governance developments are another recurring theme, including annual meeting voting results, board composition changes, and committee appointments.
In addition, Uranium Royalty Corp. issues news regarding executive and board appointments, highlighting the experience of new directors and officers in mining, finance, and the uranium sector. Technical and regulatory context appears in many releases, where the company explains its reliance on publicly available technical information from project operators and notes the standards under which such information is prepared.
For readers tracking UROY, this news page offers a focused view of how the company is building and managing its uranium royalty and streaming portfolio, along with key corporate and financing milestones over time.
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.
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.
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