Uranium Royalty Corp Announces Purchase Of 300,000 U3O8 Pounds For US$11.5 Million

Uranium Royalty Corp. (TSXV: URC) announced this morning that it is entering into contracts for three additional spot purchases totaling 300,000 pounds of U3O8. The purchases carry an average cost of US$38.17 per pound.

These transactions are expected to bring the company’s physical uranium inventory to 648,068 pounds at a weighted average cost of US$33.10 per pound. As of this writing, this pro forma inventory values at US$29.1 million, effectively notching US$7.7 million increase in net realizable value.

The company relayed that the purchases are fully funded with cash on hand, with expected delivery schedules around September/October 2021. As of September 14, 2021, the firm has an asset value of $80 million from its cash, marketable securities, and physical uranium holdings.

In August, the firm announced an at-the-market equity program seeking to raise US$40 million.

Uranium Royalty Corp. last traded at $5.43 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Emmanuel Macron Proposes $47 Billion Plan Towards Green Energy, Nuclear Reactor Construction

Despite the entirety of Europe collapsing into a tailspin of energy hyperinflation that has sent...

Wednesday, October 13, 2021, 10:09:00 AM

Germany Will Have No Choice But To Allow Russian Uranium Shipment

The German government’s hands are tied and it has no choice but to permit the...

Wednesday, September 14, 2022, 12:51:00 PM

IsoEnergy: Haywood More Than Doubles Price Target To $7.00

On September 21st, IsoEnergy (TSXV: ISO) announced initial scintillometer results, which were done over the...

Friday, September 24, 2021, 09:41:00 AM

Rick Rule: The Real Silver Squeeze Is Yet To Happen

Returning to the Daily Dive today is Rick Rule, the former President and CEO of...

Thursday, January 27, 2022, 01:30:00 PM

Uranium: Will Rosatom Be Sanctioned After Reports Of Supplying Military Hardware To Russia?

Rosatom, Russia’s state-owned nuclear conglomerate, has been working to supply Russia’s military with components, technology,...

Friday, January 27, 2023, 07:35:00 AM