VANCOUVER, BC, Sept. 9,
2022 /PRNewswire/ - Uranium Royalty Corp.
(NASDAQ: UROY) (TSXV: URC) ("URC" or the
"Company") announces that it has published its unaudited
interim consolidated financial statements for the three months
ended July 31, 2022, which are
available on SEDAR at www.sedar.com and EDGAR at www.sec.gov.
As at July 31, 2022, the Company
had approximately C$133 million in
cash, marketable securities and physical uranium holdings.
Physical uranium holdings at July 31,
2022 were 1,548,068 pounds U3O8, which
were acquired by URC at a weighted average cost of US$42.31 per pound. Based on the most recent
daily spot price published by TradeTech LLC of US$51.50, the net realizable value of such
holdings has increased by approximately C$22
million since the acquisition dates.
During the three months ended July 31,
2022, the Company distributed 1,062,248 common shares
pursuant to its previously announced at-the-market equity program
through the facilities of the TSX-V and NASDAQ for net proceeds of
approximately C$3.8 million.
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 holdings of physical uranium. The
Company is well positioned as a capital provider to an industry
needing massive investments in global productive capacity to meet
the growing need for uranium as fuel for carbon-free nuclear
energy. URC has deep industry knowledge and expertise to identify
and evaluate investment opportunities in the uranium industry. The
Company's management and the Board include individuals with decades
of combined experience in the uranium and nuclear energy sectors,
including specific expertise in mine finance, project
identification and evaluation, mine development and uranium sales
and trading.
Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this
release.
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SOURCE Uranium Royalty Corp.