Uranium Royalty Acquires Existing Royalty on Cameco’s Advanced Stage Millennium and Cree Extension Uranium Projects

VANCOUVER, BC, Oct. 28, 2024 /CNW/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) (" URC " or the " Company ") is pleased to announce that it acquired an existing royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan, Canada (the " Projects ") from a third-party industrial gas company for total cash consideration of $6 million.

Highlights: The acquired royalty is a net profit interest (NPI) of 10% on an approximate 20.6955% participating interest in the Projects. The royalty becomes payable after recovery of all qualifying preproduction expenditures incurred after the establishment of the royalty.

The Millennium Project hosts an Indicated Mineral Resource of 75.9 million pounds U 3 O 8 at an average grade of 2.39% U 3 O 8 and an Inferred Resource of 29.0 Mlbs U 3 O 8 at an average grade of 3.19% U 3 O 8 , which places […]

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