Uranium Royalty Corp. Obtains Shareholder Approval for Arrangement and Provides Corporate Update

Rhea-AI Summary

Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) obtained shareholder approval for its previously announced plan of arrangement with affiliated entities of Orion Resource Partners and HRG Metals LP, under which the Sweetwater Investors will contribute and sell their approximately 92% interest in trona royalty and landholding entities in Wyoming, Utah and Colorado to New URC, a newly formed Delaware parent company. The Arrangement will combine Uranium Royalty Corp. and the Sweetwater Entities under New URC.

Approximately 99.43% of shares present in person or by proxy voted in favour. Closing remains subject to a final order from the Supreme Court of British Columbia and customary conditions, with completion expected on or about July 27, 2026. Subject to completion and listing requirements, New URC common stock is expected to trade on NASDAQ and the Company’s shares are expected to be delisted from the TSX and cease to be a Canadian reporting issuer on or about July 28, 2026. The Company also announced that Chief Financial Officer Andy Marshall will step down following the Arrangement, effective July 29, 2026, with Eason Chen to become Interim CFO.

Positive

• 99.43% shareholder support for the Arrangement at the meeting
• Combination of Company with Sweetwater trona royalty and landholding entities under New URC
• Expected New URC NASDAQ listing on or about July 28, 2026

Negative

• Planned TSX delisting and loss of Canadian reporting issuer status around July 28, 2026
• Chief Financial Officer Andy Marshall to step down effective July 29, 2026

Market Context

The May 1 private-placement announcement was followed by a 0.26% 24-hour move, offering a platform c...

Analysis

The May 1 private-placement announcement was followed by a 0.26% 24-hour move, offering a platform comparison for this transaction. Court approval and closing conditions remained the key items to watch.

Key Figures

Sweetwater interest: approximately 92% Shareholder approval: approximately 99.43% Shareholder meeting date: July 20, 2026 +4 more

7 metrics

Sweetwater interest approximately 92% interest contributed and sold by Sweetwater Investors

Shareholder approval approximately 99.43% outstanding shares present or represented by proxy voting for the Arrangement

Shareholder meeting date July 20, 2026 meeting at which shareholders approved the Arrangement

Expected arrangement closing July 27, 2026 expected closing date, subject to court order and customary conditions

Expected Nasdaq listing July 28, 2026 expected New URC Nasdaq listing date, subject to completion and listing requirements

Expected TSX delisting July 28, 2026 expected delisting date for Company common shares

Interim CFO appointment July 29, 2026 effective date for Eason Chen's appointment following Andy Marshall's departure

Historical Context

3 past events · Latest: Jun 26 (Positive)

Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 26	Arrangement circular	Positive	+1.8%	Circular filed and special meeting scheduled to approve Sweetwater arrangement
May 01	Private placement	Negative	+0.3%	Subscription receipt placement funded arrangement consideration and potential share issuance
Apr 16	Combination announcement	Positive	-4.1%	URC announced combination with Sweetwater royalty assets and new parent structure

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The stock previously diverged from positive arrangement-related news, rising 1.81% after the circular announcement but falling 4.08% after the combination announcement.

Key Terms

plan of arrangement, arrangement agreement, reporting issuer

3 terms

plan of arrangement regulatory

"previously announced plan of arrangement, as contemplated by an arrangement agreement"

A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.

arrangement agreement regulatory

"as contemplated by an arrangement agreement, dated as of April 16, 2026"

An arrangement agreement is a legally binding plan that sets out the detailed terms and steps for a major corporate action—such as a merger, takeover, restructuring, or sale—and the approvals needed from shareholders, creditors and sometimes a court. It matters to investors because it determines who will own the company, how much they will receive, the timing and conditions for the deal to close, and the likelihood the transaction will actually happen; think of it as the project blueprint and checklist for a big corporate change.

reporting issuer regulatory

"the Company will cease to be a reporting issuer in all jurisdictions of Canada"

A reporting issuer is a company or investment fund legally required to provide regular, public financial and corporate updates to securities regulators and investors. For investors it matters because those routine filings act like a business’s recurring health reports—offering consistent, official information to assess performance, risks and value so people can make informed buy, sell or compare decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, July 20, 2026 /PRNewswire/ -- Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce shareholder approval of its previously announced plan of arrangement, as contemplated by an arrangement agreement, dated as of April 16, 2026 (the "Arrangement Agreement"), by and between the Company, certain affiliated entities of Orion Resource Partners (USA) LP (the "Orion Sellers") and HRG Metals LP, a subsidiary of the Ontario Teachers' Pension Plan (together with the Orion Sellers, the "Sweetwater Investors"), pursuant to which the Sweetwater Investors agreed to contribute and sell their approximately 92% interest in certain entities holding trona royalty assets and landholdings in Wyoming, Utah and Colorado, United States (the "Sweetwater Entities"), to Uranium Royalty Corp., a newly formed parent company incorporated in Delaware ("New URC"). The Arrangement Agreement will result in the combination of the Company and the Sweetwater Entities under New URC. 

At the meeting, Company shareholders voted approximately 99.43% of the Company's outstanding shares, present in person or represented by proxy, in favour of the Arrangement. Detailed voting results for the meeting will be available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Completion of the Arrangement remains subject to receipt of a final order from the Supreme Court of British Columbia approving the Arrangement and the satisfaction of certain customary closing conditions. It is currently expected that the Arrangement will close on or about July 27, 2026.

Subject to the completion of the Arrangement and compliance with applicable listing requirements, it is expected that the common stock of New URC will be listed and posted for trading on the Nasdaq Stock Market LLC (the "NASDAQ") on or about July 28, 2026.

Subject to the completion of the Arrangement and compliance with requirements of the TSX and the applicable securities regulators, the common shares of the Company will be delisted from the TSX on or about July 28, 2026 and it is expected the Company will cease to be a reporting issuer in all jurisdictions of Canada in which it is currently a reporting issuer, each on or about July 28, 2026.

Corporate Update

Andy Marshall will step down as Chief Financial Officer of the Company following the Arrangement, effective July 29, 2026, to pursue other opportunities. Eason Chen will be appointed Interim Chief Financial Officer at such time. The Company thanks Mr. Marshall for his service and contributions to the Company.

About Uranium Royalty Corp.
Uranium Royalty Corp. (URC) is the world's only uranium-focused royalty and streaming company and the only pure-play uranium listed company on the NASDAQ. URC provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through trading of physical uranium.

This press release is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities of the Company or New URC. The New URC securities to be issued pursuant to the Arrangement will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements."

Forward-Looking Information
Certain statements in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements include statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. Forward-looking statements include, but are not limited to statements with respect to the completion and timing of the Arrangement; receipt of the final court order; satisfaction or waiver of closing conditions; the expected transition of CFO; the expected listing of New URC on the NASDAQ; the expected delisting of the Company's common shares from the TSX; and the Company ceasing to be a reporting issuer in Canada. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "will", "believes", "intends", "should", "could", "may" and other similar terminology are intended to identify such forward-looking information. Statements constituting forward-looking information reflect the current expectations and beliefs of the Company's management. These statements involve significant uncertainties, known and unknown risks, and other factors and, therefore, actual results, performance or achievements of the Company and its industry may be materially different from those implied by such forward-looking statements. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from such forward-looking information, including, without limitation, risks inherent to royalty companies, any inability to satisfy the conditions of the Arrangement, market conditions, share price, uranium price volatility and risks related to the operators of the projects underlying the Company's existing and proposed interests and those other risks described in filings of the Company with Canadian securities regulators and the U.S. Securities and Exchange Commission. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking information and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

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SOURCE Uranium Royalty Corp.

FAQ

What did Uranium Royalty Corp. (NASDAQ: UROY) shareholders approve on July 20, 2026?

Shareholders approved a plan of arrangement to combine Uranium Royalty Corp. with the Sweetwater trona royalty entities under New URC. According to the company, Sweetwater Investors will contribute and sell their approximately 92% interest in these entities to New URC.

How many Uranium Royalty Corp. (UROY) shares voted in favour of the Arrangement?

Approximately 99.43% of outstanding shares present in person or by proxy voted in favour of the Arrangement. According to Uranium Royalty Corp., detailed voting results will be available on the company’s SEDAR+ profile for further review by investors.

When is the Uranium Royalty Corp. (UROY) Arrangement with Sweetwater Investors expected to close?

The Arrangement is expected to close on or about July 27, 2026, subject to conditions. According to Uranium Royalty Corp., completion requires a final order from the Supreme Court of British Columbia and satisfaction of customary closing conditions before becoming effective.

Will New URC shares trade on NASDAQ after the Uranium Royalty Corp. Arrangement?

Yes, New URC common stock is expected to be listed on NASDAQ on or about July 28, 2026. According to the company, this listing remains subject to completion of the Arrangement and compliance with applicable NASDAQ listing requirements.

What happens to Uranium Royalty Corp.’s TSX listing after the Arrangement?

Subject to completion of the Arrangement, Uranium Royalty Corp.’s common shares are expected to be delisted from the TSX on or about July 28, 2026. According to the company, it also expects to cease being a reporting issuer in all Canadian jurisdictions around that date.

What executive changes did Uranium Royalty Corp. announce in connection with the Arrangement?

Uranium Royalty Corp. announced that Chief Financial Officer Andy Marshall will step down effective July 29, 2026. According to the company, Eason Chen will be appointed Interim Chief Financial Officer at that time, following completion of the Arrangement.

What assets are involved in the Sweetwater Investors’ contribution to New URC?

Sweetwater Investors agreed to contribute and sell their approximately 92% interest in entities holding trona royalty assets and landholdings in Wyoming, Utah and Colorado. According to Uranium Royalty Corp., these Sweetwater Entities will be combined with the company under New URC.