Thursday, May 8, 2025

Latest

Uranium Royalty Corp Purchases 400,000 Pounds Of Physical Uranium

By all accounts, it appears that there is a silent agreement among uranium names focused on lifting the price of the yellow metal through any means possible. After yesterdays announcement that Kazatomprom, the largest producer of uranium globally, would be taking a major stake in a physical uranium fund, Uranium Royalty Corp (TSXV: URC) this morning looked to keep the party going.

Uranium Royalty has acquired additional physical uranium to its stockpile, following its purchase of 300,000 pounds of U3O8 back in September. This go round, the firm conducted four spot purchases totaling 400,000 pounds.

The latest purchase brings its total holdings to 1,048,068 pounds of physical uranium, at an average cost of US$37.64 per pound. The purchases announced this morning were conducted at an average cost of US$45.00 per pound of U3O8.

Based on current pricing, which was sitting at roughly US$47.25 per pound, the company has indicated that it has seen an unrealized gain of US$10.07 million on its overall position.

Uranium Royalty Corp last traded at 6.22 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

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Related News

Energy Fuels Indicates Nuclear Utilities are Engaging in Talks Regarding Long-Term Uranium Supply Contracts

On April 13, Energy Fuels Inc. (TSX: EFR) announced that during the week of April...

Monday, April 18, 2022, 01:30:00 PM

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...

Thursday, August 19, 2021, 07:26:54 AM

Artificial Intelligence Boom Mirrors Surge in Uranium Prices

The rise of generative artificial intelligence has mirrored a significant increase in uranium prices, as...

Monday, May 6, 2024, 07:55:17 AM

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

BMO Lifts Long Term Uranium Price Outlook To $58 Per Pound

On Sunday BMO Capital Markets released an in-depth report on the uranium market, saying that...

Tuesday, June 28, 2022, 02:55:00 PM