Tuesday, October 7, 2025

Latest

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

US Uranium Production Hits All Time Low, EIA Refuses To Release Production Figures

It appears that the United States is headed towards a crisis within its uranium market....

Thursday, August 13, 2020, 11:11:33 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

Niger Seizes Uranium Mine From French Nuclear Giant Orano

Niger’s military government announced Thursday its decision to nationalize a major uranium mine operated by...

Monday, June 23, 2025, 12:53:00 PM

Rockland Resources Acquires Uranium Property In Ontario

Rockland Resources (CSE: RKL) has entered the uranium space. The company this morning announced that...

Tuesday, October 5, 2021, 09:00:24 AM

Nuclear Power at Risk: Russia and Kazakhstan Threaten to Cut Uranium Exports

The international uranium market is facing growing uncertainty as both Russia and Kazakhstan signal potential...

Monday, September 16, 2024, 11:27:00 AM