Friday, May 30, 2025

Latest

Uranium Royalty Corp Announces US$40 Million At The Market Financing

Uranium Royalty Corp (TSXV: URC) (NASDAQ: UROY) is looking to raise funds. The company last night announced that it will be undertaking an at-the- market equity program, with the goal of raising gross proceeds of US$40 million.

Distribution of company shares is to be conducted by a syndicate of agents lead by BMO Nesbitt Burns, with the company selling shares directly on both the TSX Venture Exchange and the Nasdaq as a means of raising capital. Shares are to be made available from time to time, and sold at the prevailing market price.

The program will continue until either US$40.0 million is raised under the program, or September 1, 2022, whichever occurs first.

Proceeds from the financing are to be used to acquire royalties, streams, uranium, and for working capital.

The announcement follows the company raising C$25.0 million under a bought deal financing at the end of May, which was part of a larger $37.0 million “financing package.”

Uranium Royalty Corp last traded at $3.25 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Kazatomprom Hints At Impacts To Operations Following Social Unrest

It appears that Kazatomprom, whom is the largest producer globally of uranium, is beginning to...

Friday, January 7, 2022, 11:12:48 AM

Cameco Sees Canaccord Cut Price Target To $43

Cameco (TSX: CCO) last week reported its first-quarter financial results, where it showcased strong year-over-year...

Monday, May 9, 2022, 03:11:00 PM

Cantor Fitzgerald: If Russia Retaliates Against Uranium Ban, Markets Will Go “No-offer”

On Tuesday the U.S. Senate made a significant move by voting unanimously in favor of...

Thursday, May 2, 2024, 10:52:00 AM

Uranium Royalty Corp: Canaccord Lifts Price Target To $4.25

Uranium Royalty Corp (TSXV: URC) recently closed their C$37 million financing, allowing Canaccord Genuity to...

Saturday, May 22, 2021, 02:04:00 PM

Key Greenland Election Could Affect Investor Perceptions of Mine Operators

On April 6, Greenland will hold a national election which will have significant consequences for...

Sunday, April 4, 2021, 09:00:00 AM