This news release constitutes a "designated
news release" for the purposes of the Company's prospectus
supplement dated August 18, 2021 to
its short form base shelf prospectus dated June 16, 2021.
VANCOUVER, BC, Dec. 14, 2021 /CNW/ - 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 and six
months ended October 31, 2021 (the
"Interim Period"), which are available on SEDAR at
www.sedar.com and EDGAR at www.sec.gov.
As at December 13, 2021, the
Company had approximately C$104
million in cash, marketable securities and physical uranium
holdings.
Physical Uranium Inventory Expanded
The Company increased its physical uranium inventory by 300,000
pounds to 1,348,068 pounds, with an overall weighted average
acquisition price of US$39.80 per
pound.
Also, as previously announced on December
2, 2021, the Company entered into a supply stream agreement
with CGN Global Uranium Limited for 500,000 pounds delivered in
2023 through 2025 at a weighted average price of US$47.71 per pound.
Increased Balance Sheet Strength
The Company announces that it has amended its previously
announced margin loan facility with the Bank of Montreal to increase the commitment amount by
US$5 million to US$15 million, among other amendments. In
connection therewith, the Company drew an additional US$5 million as required by the amendment, for a
total of US$10.175 million principal
amount currently outstanding.
During the Interim Period, the Company received C$2,452,141 and US$9,640,681 from sales through the facilities of
the TSX-V and NASDAQ, respectively with the issuance of 2,457,339
common shares pursuant to its previously announced at-the-market
equity program.
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.
View original
content:https://www.prnewswire.com/news-releases/uranium-royalty-corp-files-quarterly-report-expands-physical-uranium-inventory-and-increases-margin-loan-facility-301443692.html
SOURCE Uranium Royalty Corp.
