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.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Cameco Places Cigar Lake Uranium Operation On Care And Maintenance Due To COVID-19

Cameco Corp (TSX: CCO) has placed its Cigar Lake mine on care and maintenance while...

Monday, December 14, 2020, 10:52:35 AM

Pegasus Resources Looks To Begin Exploring Mozzie Lake Uranium Property

Hot off the heels of receiving exploration permits for its Pine Channel uranium property within...

Monday, April 25, 2022, 08:52:56 AM

Storms Disrupt Uranium Mining Operations in Kazakhstan, Impacting Global Supply

Severe storms in southern Kazakhstan have disrupted operations at multiple uranium mines, including the crucial...

Saturday, April 27, 2024, 07:21:00 AM

Uranium Miners enCore Energy and Azarga Uranium Agree to Merge; Both Stocks May Be Ahead of Themselves

On September 7, enCore Energy Corp. (TSXV: EU) announced an agreement to buy Azarga Uranium...

Monday, September 13, 2021, 03:44:00 PM

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