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. (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.
Uranium Royalty Corp (UROY) has completed its acquisition of 348,068 pounds of U3O8 at US$28.73 per pound, part of its strategic investment in Yellow Cake plc. This acquisition, valued at US$10 million, strengthens URC's portfolio, aiming to capitalize on rising uranium prices. URC holds this uranium in account at Cameco's facilities in Ontario, Canada. CEO Scott Melbye stated that this purchase enhances the company's unique uranium investment strategy and positions it well against improving market conditions.