VANCOUVER, BC, March 16, 2022 /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 nine
months ended January 31, 2022, which
are available on SEDAR at www.sedar.com and EDGAR at
www.sec.gov.
As at January 31, 2022, the
Company had approximately C$113
million in cash, marketable securities and physical uranium
holdings.
Physical uranium holdings at January 31,
2022 were 1,348,068 pounds U3O8, which
were acquired by URC at a weighted average cost of US$39.80 per pound. Based on the most recent
daily spot price published by TradeTech LLC of US$54.50, the net realizable value of such
holdings has increased by approximately C$27
million since the balance sheet date.
The Company also recorded an increase in the fair value of its
equity interests in Yellow Cake plc of approximately C$8 million during the nine months ended
January 31, 2022.
During the three and nine months ended January 31, 2022, the Company distributed
1,199,516 and 3,656,855 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$7 million and C$21
million, respectively.
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.