Uranium Royalty Corp. Elects to Receive Physical Uranium from McArthur River and Acquires Dawn Lake Royalty

DESIGNATED NEWS RELEASE

VANCOUVER, BC, Nov. 29, 2022 /CNW/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC ) (" URC " or the " Company ") is pleased to announce that it has notified Orano Canada Inc. ("Orano") of URC’s election to receive royalty proceeds from the recently re-started world-class McArthur River mine through delivery of physical uranium. URC’s royalty interest applies to Orano’s 30.195% ownership interest in the McArthur River Project which is operated by Cameco. Cameco currently plans to produce 15 million pounds of U 3 O 8 (100% basis) per year from the operations starting in 2024.

URC further announces that it has completed the indirect acquisition of an existing royalty on the Dawn Lake project, located in the Athabasca Basin uranium district in Saskatchewan, Canada. URC applauds the re-start of the McArthur River mine. Cameco Corporation ("Cameco") has disclosed that the world’s largest, high-grade mine is […]

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