Uranium Royalty Acquires Additional Royalty on the Lance Uranium Project in Wyoming, USA

Uranium Royalty Acquires Additional Royalty on the Lance Uranium Project in Wyoming, USA

VANCOUVER, BC, April 1, 2022 /CNW/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (" URC " or the " Company ") is pleased to announce that it has acquired an additional 1% gross revenue royalty interest on the Lance In-Situ Recovery ("ISR") Uranium Mine in Wyoming, USA operated by Strata Energy Inc. ("Strata"), a wholly owned subsidiary of Peninsula Minerals Limited ("Peninsula").

Highlights Near-term production potential: The Lance ISR Uranium Mine is a fully licensed mine, with Peninsula currently undertaking an updated feasibility study in preparation for a full re-start of ISR production. Mine production was idled in 2019 as the operator initiated a transition to a low-Ph mining method, but the project has been producing uranium in limited amounts during the test mining phase.

Additional exposure to U.S. uranium production: Provides URC with additional exposure to potential U.S. derived uranium production.

The royalty is a 1% gross […]

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