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) 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.
Uranium Royalty Corp. (UROY) has announced the grant of 725,000 incentive stock options to directors, officers, employees, and consultants under its long-term incentive plan, with an exercise price of $3.49 per share. 450,000 of these options are allocated specifically to directors and officers. The options have a vesting period of 18 months and are valid for five years. Additionally, the company has signed a 12-month digital marketing agreement with Wallace Hill Partners for $100,000 to enhance its profile, including granting 150,000 options to WHP at the same exercise price.
Uranium Energy Corp (NYSE American: UEC) has increased its uranium holdings, acquiring an additional 200,000 pounds of U.S. warehoused uranium, totaling 2.305 million pounds at an average price of ~$30 per pound. UEC also purchased 1,000,000 shares of Uranium Royalty Corp (TSXV: URC, Nasdaq: UROY) to strengthen its strategic position, now owning 15 million shares at an average cost of C$1.09 per share. Following these acquisitions, UEC's total cash, equity, and inventory holdings exceed $115 million.
Uranium Royalty Corp. (UROY) has successfully completed the acquisition of royalty interests on the McArthur River and Cigar Lake Mines in Saskatchewan for a total consideration of US$11.5 million. These mines, among the largest high-grade uranium sources globally, represent 21% of projected uranium demand for 2021. The deal also includes an option to acquire a royalty on the Dawn Lake project, enhancing URC's exposure to over 300,000 hectares in the Athabasca Basin. The acquisition aims to bolster cash flow potential from these world-class operations, with notable operators and exploration upside.