Uranium Royalty Reports Results for the First Quarter of Fiscal Year 2027

Strong uranium sales and the Sweetwater acquisition sharply increased profitability while expanding UROY’s U.S. land and royalty platform.

Rhea-AI Summary

Uranium Royalty (UROY) reported first quarter fiscal 2027 results, driven by U3O8 sales and the completed Sweetwater acquisition for the period ended July 31, 2026.

The Company sold 593,255 lbs of U3O8, generating $51.0 million in revenue at an average realized price of about $86.00/lb, slightly above the UxC Historical Ux Daily Price average of $85.45/lb. Cost of sales was $34.1 million, or roughly $57.40/lb. Net income rose 1,530% year over year to $16.3 million, with diluted EPS up 900% to $0.10. Proceeds from uranium sales were used in part to finance the Sweetwater acquisition, which expanded scale, diversified cash flows and enlarged UROY’s land position.

Following Sweetwater, UROY holds over 5.3 million acres, including about 38,000 acres recently leased for oil and gas exploration, and remains the only uranium‑focused royalty company.

Positive

• U3O8 revenue $51.0M from 593,255 lbs at ~$86.00/lb in Q1 FY2027
• Net income $16.3M, up 1,530% year over year for the quarter
• Diluted EPS $0.10, increasing 900% versus $0.01 a year earlier
• Cost of sales $34.1M, implying roughly $28.60/lb gross margin on U3O8
• Sweetwater transaction completed, enhancing scale and long-term cash flow profile
• Land position >5.3M acres, including 38,000 acres leased for oil and gas
• Key uranium operators maintained or exceeded production guidance on core assets

Negative

• None.

Market Context

Before publication, UROY's close was $4.355 after a 3.22% decline, while 7 of 8 momentum peers rose;...

Analysis

Before publication, UROY's close was $4.355 after a 3.22% decline, while 7 of 8 momentum peers rose; the earnings release arrived against a stock-specific pre-existing move, not a recorded post-news reaction.

Key Figures

Uranium sold: 593,255 lbs Revenue: $51.0 million Average realized price: $86.00/lb +5 more

Uranium sold

593,255 lbs

Three months ended July 31, 2026

Revenue

$51.0 million

Three months ended July 31, 2026

Average realized price

$86.00/lb

U3O8 sales; UxC average was $85.45/lb

Cost of sales

$34.1 million

Three months ended July 31, 2026

Net income

$16.3 million

Up 1530% from $1.0 million year over year

Diluted EPS

$0.10

Up 900% from $0.01 year over year

Sweetwater acreage leased

Approximately 38,000 acres

Leased for oil and gas exploration

Total land position

More than 5.3 million acres

Surface and mineral holdings

Historical Context

3 past events · Latest: Jun 26

3 events

1. Jun 26

   Sweetwater arrangement announcement

   24h Move

   +1.8%

   Announced US$1.14 billion arrangement combining UROY with Sweetwater royalty assets.

2. Jul 20

   Sweetwater approval

   24h Move

   +5.3%

   Shareholders approved the Sweetwater arrangement with 99.43% voting in favor.

3. Jul 27

   Sweetwater transaction completion

   24h Move

   -7.4%

   Completed combination added trona royalties and land assets to UROY's platform.

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

Key Terms

u3o8, soda ash, trona, form 10-q

4 terms

u3o8 technical

"The Company sold 593,255 pounds (lbs) of U3O8"

U3O8 is the chemical name for a stable form of uranium oxide commonly called “yellowcake,” the concentrated powder produced after uranium ore is processed. Investors track U3O8 because it represents the raw material that is turned into nuclear fuel; its supply, demand and price act like a commodity indicator that can move the value of mining companies, utilities and firms tied to the nuclear fuel chain. Think of it as the crude oil equivalent for nuclear power — a basic feedstock whose availability and cost affect an entire industry.

soda ash technical

"Soda ash production underpinned by low-cost operator positioning"

Soda ash is the industrial name for sodium carbonate (Na2CO3), a white, water‑soluble powder produced by mining natural trona or by chemical manufacture and used as a basic feedstock in glassmaking, detergents, chemicals, and paper. Its importance to investors comes from being a widely traded bulk commodity: its availability, production cost and market price influence manufacturers' input costs and margins and drive revenue for producers, so price swings can affect company earnings and trade flows—much like flour affects bakeries.

trona technical

"interests in trona assets"

Trona is a naturally occurring mineral made of sodium carbonate compounds that is mined and processed into soda ash, a basic industrial chemical used to make glass, detergents, paper, and a variety of other products. Think of it as a raw ingredient like crude oil for plastics: its availability and price affect companies that mine it and any manufacturers that rely on soda ash, so changes in trona supply or cost can influence production costs and margins across several industries.

form 10-q regulatory

"included in the Company's Quarterly Report on Form 10-Q"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

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

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LAKEWOOD, Colo., Sept. 14, 2026 /PRNewswire/ -- Uranium Royalty Corp. (NASDAQ: UROY) ("UROY" or the "Company") is pleased to announce the filing of its operating and financial results for the three months ended July 31, 2026.

First Quarter Financial Highlights

• The Company sold 593,255 pounds (lbs) of U₃O₈, generating revenue of $51.0 million at an average realized price of approximately $86.00/lb. This was slightly above the average of the UxC Historical Ux Daily Prices published from May 1 through July 31, 2026, of $85.45/lb. The related cost of sales was $34.1 million, or approximately $57.40/lb. The proceeds from these sales were used, in part, to finance the Company's Sweetwater acquisition in July 2026. This highlights the value of the Company's physical uranium strategy, demonstrating the ability to monetize holdings to fund accretive transactions and support continued growth.
• Net income increased by 1530% to $16.3 million for the three months ended July 31, 2026, compared to $1.0 million for the three months ended July 31, 2025.
• Diluted earnings per share increased by 900% to $0.10 for the three months ended July 31, 2026, compared to $0.01 for the same period in 2025.

First Quarter Operational Highlights

• Completed landmark Sweetwater transaction, creating a leading diversified royalty platform: The successful completion of the Sweetwater transaction materially enhanced the Company's scale and long-term cash flow profile. The Company now holds one of the largest land positions in the U.S., positioning it to accelerate uranium-focused growth, while unlocking long-term optionality across critical minerals, energy and industrial development.
• Operator momentum supports uranium royalty portfolio outlook: Key counterparties have largely maintained production guidance across core assets. Cameco Corporation ("Cameco") reiterated its 2026 production guidance at both Cigar Lake (17.5-18.0 million lbs, unchanged despite temporary disruptions) and McArthur River/Key Lake (14.0-16.5 million lbs, maintained) and, while Paladin Energy Ltd. ("Paladin") announced that Langer Heinrich exceeded its production guidance for its fiscal year 2026 (4.82 million lbs vs guidance of 4.5-4.8 million lbs) and outlined further growth into 2027.⁽¹⁾ Collectively, this underscores the resilient operating performance and expected positive growth for the Company's portfolio. 
• Soda ash production underpinned by low-cost operator positioning: Operators across the Company's Wyoming-based soda ash assets continue to demonstrate resilient performance and expansion potential. While the global soda ash industry continues to face macro headwinds, the Company's royalty portfolio is concentrated with operators positioned at the lower end of the global cost curve. As a result, production across the Company's assets has remained relatively stable, with cost advantages supporting continued operations and planned expansions.
• Unlocking additional value from Sweetwater land holdings: Approximately 38,000 acres were leased, with active exploration work being conducted to assess oil and gas potential. Acreage is located near established oil and gas production. UROY's total land position (surface and minerals) exceeds 5.3 million acres, making the Company the largest landowner in Wyoming and the second largest publicly traded landowner in the United States. The scale and location of these holdings provide meaningful long-term potential to unlock additional value through oil and gas, critical minerals and other development opportunities.

Scott Melbye, Chief Executive Officer of the Company, stated:

"The successful completion of the Sweetwater transaction marked a defining milestone for the Company, transforming us into the largest American publicly traded non-precious metal royalty and streaming platform with a strong long-term cash flow profile and one of the largest strategic land positions in the United States.

At the same time, we remain the only uranium-focused royalty company. By monetizing physical uranium at a realized price above the market average, we funded the Sweetwater acquisition while delivering record net income of $16.3 million, and our uranium royalty counterparties, including Cameco at McArthur River and Cigar Lake, have largely maintained production guidance, reinforcing the stability and visibility of our core portfolio.

Across our soda ash assets, all in Wyoming, our exposure to operators at the lower end of the global cost curve continues to underpin resilient production and durable cash flow from domestic industrial supply chains.

Our land position adds further optionality. The lease of approximately 38,000 acres prospective for oil and gas development is a first example of the value these holdings can unlock across critical minerals and energy.

We believe this combination of long-term cash flow, high-quality counterparties and strategic land provides a strong foundation for sustained growth and value creation."

This news release should be read in conjunction with the Company's unaudited condensed consolidated financial statements and management's discussion and analysis for the three months ended July 31, 2026, which are included in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission. These documents are available under the Company's profile at www.sec.gov and on the Company's website at www.UraniumRoyalty.com. All amounts are expressed in U.S. dollars unless otherwise noted.

Note:

1. See Cameco news release dated July 31, 2026 and Paladin Stock Exchange Announcement dated August 26, 2026

About Uranium Royalty Corp.

Uranium Royalty Corp. (NASDAQ: UROY) is the largest U.S. non-precious metal royalty and streaming platform with exposure to uranium, energy and industrial supply chains. UROY 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 the trading of physical uranium. Through a transformational combination with Sweetwater Royalties in 2026, UROY substantially expanded and diversified its asset base, including interests in trona assets. UROY is also the second largest public company landowner in the U.S. and the largest landowner in Wyoming, providing significant long-term optionality across uranium, critical minerals, energy and other development opportunities.

Notice to Investors

For further information regarding the project updates regarding the mining properties underlying the Company's royalty interests, please refer to the disclosures of the operators thereof, including those referenced herein and the other disclosures of such operators. Certain information provided herein regarding the projects underlying the Company's royalty and other interests, including information about expected production and other property developments, was provided to the Company by the operators of those properties or is publicly available information filed by these operators. The Company has not verified, and is not in a position to verify, and expressly disclaims any responsibility for the accuracy, completeness, or fairness of, this third-party information and refers the reader to the public reports filed by the operators for information regarding those properties.

Forward-Looking Statements

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 expectations and plans announced by operators of the Company's royalty and other interests, the anticipated benefits of the Sweetwater transaction, the Company's business plans and its expectations regarding its business. 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, uncertainties 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, 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, including its most recent Annual Report on Form 10-K. 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/uranium-royalty-reports-results-for-the-first-quarter-of-fiscal-year-2027-302878112.html

SOURCE Uranium Royalty Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Uranium Royalty use proceeds from its U3O8 sales in the quarter?

The Company used proceeds from selling 593,255 lbs of U3O8, which generated $51.0 million of revenue, in part to finance its Sweetwater acquisition completed in July 2026. The Company said this demonstrates its ability to monetize physical uranium holdings to fund accretive transactions and support continued growth.

What impact did the Sweetwater transaction have on UROY’s asset base and land position?

The Sweetwater transaction materially enhanced UROY’s scale and long-term cash flow profile and contributed to building one of the largest land positions in the U.S. UROY’s total land position (surface and minerals) now exceeds 5.3 million acres, making it the largest landowner in Wyoming and the second largest publicly traded landowner in the United States.

What additional value is UROY seeking to unlock from its Sweetwater land holdings?

Approximately 38,000 acres of Sweetwater land have been leased, with active exploration work underway to assess oil and gas potential. The acreage is located near established oil and gas production, and the Company views the scale and location of its holdings as providing long-term potential across oil and gas, critical minerals and other development opportunities.

How are operators on UROY’s uranium royalty portfolio performing in terms of production guidance?

Key counterparties have largely maintained production guidance across core uranium assets. Cameco reiterated its 2026 production guidance at Cigar Lake at 17.5–18.0 million lbs and at McArthur River/Key Lake at 14.0–16.5 million lbs. Paladin Energy reported that Langer Heinrich produced 4.82 million lbs for its fiscal year 2026, exceeding guidance of 4.5–4.8 million lbs and outlined further growth into 2027.

What is the status of UROY’s soda ash royalty assets in Wyoming?

Operators across UROY’s Wyoming-based soda ash assets continue to show resilient performance and expansion potential. While the global soda ash industry faces macro headwinds, the Company’s royalties are concentrated with operators positioned at the lower end of the global cost curve, and production across these assets has remained relatively stable with cost advantages supporting continued operations and planned expansions.

Where can investors find the full financial statements for the quarter ended July 31, 2026?

Unaudited condensed consolidated financial statements and management’s discussion and analysis for the three months ended July 31, 2026, are included in UROY’s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission. These documents are available at www.sec.gov under the Company’s profile and on its website at www.UraniumRoyalty.com.