VANCOUVER, BC, May 17, 2022 /CNW/ - Uranium Royalty Corp.
(NASDAQ: UROY) (TSXV: URC) ("URC" or the "Company")
announced today the grant of incentive stock options, on
May 13, 2022, to purchase 343,750
common shares of the Company (the "Options") to certain directors,
officers, employees and consultants of the Company pursuant to the
Company's long term incentive plan, which included 270,000 Options
issued to directors and officers of the Company. The Options
have an exercise price of $3.31 per
share, representing the market price for the common shares on
May 12, 2022, and are valid for a
period of five years.
The Options will vest as follows: 25% immediately, 25% on the 6
month anniversary of the grant date, 25% on the 12 month
anniversary of the grant date and 25% on the 18 month anniversary
of the grant date. The Option grants are subject to the
acceptance of the TSX Venture Exchange.
The Company further announces that it has granted incentive
stock options to purchase 100,000 common shares of the Company to a
contractor pursuant to the Company's existing stock option plan.
Such options have an exercise price of $3.31 per share and are valid for a period of two
years. The options vest incrementally over a 12-month period.
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 Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE Uranium Royalty Corp.
