Uranium Royalty Corp. Exercises Initial Tranche of 10-Year Supply Agreement to Acquire US$10 million of Physical Uranium at US$28.73 per pound

Uranium Royalty Corp. Exercises Initial Tranche of 10-Year Supply Agreement to Acquire US$10 million of Physical Uranium at US$28.73 per pound

Highlights Uranium Royalty Corp (URC) is exercising its option to purchase US$10 million of physical uranium, secured under its strategic and foundational investment in the 2018 IPO of Yellow Cake plc (YCA);

Initial tranche to be exercised by URC to acquire 348,068 pounds of U 3 O 8 at US$28.73 per pound for delivery on or before April 30, 2021;

The acquisition provides URC with direct physical U 3 O 8 holdings at an opportunistic price, which is ~7% below the most recent spot price published by TradeTech on March 29, 2021 of US$30.75 per pound; and

Together with our recently announced proposed acquisitions of royalty interests in the McArthur River and Cigar Lake mines, URC is ideally positioned to benefit from improving uranium prices. VANCOUVER, BC, March 30, 2021 /PRNewswire/ – Uranium Royalty Corp. (TSXV: URC) ("URC" or the "Company") announces the exercise of its […]

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