Uranium Royalty Corp Expands Physical Uranium Holdings to 648,068 Pounds of U3O8 at a Weighted Average Cost of US$33.10 per pound U3O8

Uranium Royalty Corp Expands Physical Uranium Holdings to 648,068 Pounds of U3O8 at a Weighted Average Cost of US$33.10 per pound U3O8

and will be accomplished through book transfers to URC’s storage account at Cameco Corporation’s Fuel Services facilities in Ontario, Canada. This acquisition is fully funded with cash on hand. As of September 14, 2021, URC has C$80 million in cash, marketable securities and physical uranium.

Following completion of these deliveries, URC will hold a physical inventory of 648,068 pounds U 3 O 8 at a weighted average cost of US$33.10 per pound. The latest Trade Tech daily spot price is at US$45.00 per pound as of September 14, 2021, leading to an increase in the net realizable value of URC’s physical uranium holdings by US$7.7 million.

It is within URC’s mandate to make periodic purchases of physical uranium to provide attractive commodity price exposure to shareholders, especially in these early stages of a bull market in uranium. The global mega-trend towards de-carbonization is providing a major catalyst for carbon-free, safe, and […]

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