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

DESIGNATED NEWS RELEASE

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.

Release Highlights: URC applauds the re-start of the McArthur River mine. Cameco Corporation ("Cameco") has disclosed that the world’s largest, high-grade mine is planning to produce 15 million pounds U 3 O 8 (100% basis) per year starting in 2024.

By electing to receive the royalty proceeds as physical uranium, it allows URC to control the sale of the attributed pounds in a disciplined, yet fully unhedged manner, focusing on providing the maximum value to shareholders.URC has acquired a sliding scale 10% to 20% NPI on a 7.5% share of overall uranium production from the Dawn Lake project lands. This royalty was previously subject to an option held by the Company. The royalty was acquired through […]

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