Saturday, September 13, 2025

Latest

Uranium Royalty Corp Secures 500,000 Pounds Of U3O8

Uranium Royalty Corp (TSXV: URC) has begun locking up additional sources of physical uranium in anticipation of climbing U3O8 prices. The firm this morning announced an arrangement with CGN Global Uranium for the purchase of 500,000 pounds of U3O8.

The purchases are set to occur over a three year period, beginning in October 2023. The first delivery is slated to consist of a total of 300,000 pounds of uranium, while subsequent deliveries in June 2024 and April 2025 will consist of 100,000 pounds of uranium each.

The uranium is all to be purchased at a price of $47.71 per pound, which CEO Scott Melbye says is “attractive pricing.” This view on the pricing of the uranium is based on factors that are said to include “[forecasts for] large 45-50 million pound annual supply deficits between production and reactor requirements at a time utility procurement volumes are expected to return to higher levels.”

The uranium has been purchased from CGN Global, which is a subsidiary of China General Nuclear Power Group, whom has uranium production across three countries and is one of the largest nuclear power operators globally. The transaction is said to require no up-front cash outlay, with payment to be made at the time of delivery.

Uranium Royalty Corp last traded at $4.99 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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Is The Price of Uranium Headed Higher? – The Daily Dive

Closing out the Daily Dive this week is Scott Melbye, CEO of Uranium Royalty Corp...

Friday, May 13, 2022, 01:30:00 PM

Uranium Royalty Corp Announces $25 Million Bought Deal, $12 Million Margin Loan

Uranium Royalty Corp (TSXV: URC) last night announced that it has entered into an arrangement...

Wednesday, May 5, 2021, 08:24:43 AM

Canaccord Initiates Coverage On Uranium Royalty Corp With $1.60 Price Target

This morning Canaccord Genuity’s Katie Lachapelle initiated coverage on Uranium Royalty Corp (TSXV: URC) with...

Tuesday, September 8, 2020, 03:17:18 PM

Uranium Royalty Starts Trading On The Nasdaq

Uranium Royalty Corp. (TSXV: URC) announced this morning that it will begin trading its common...

Wednesday, April 28, 2021, 08:12:45 AM

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...

Tuesday, October 19, 2021, 08:13:41 AM