Uranium Royalty: The Interests In McArthur River And Cigar Lake Aren't That Valuable

Uranium Royalty: The Interests In McArthur River And Cigar Lake Aren’t That Valuable

caracterdesign/E+ via Getty Images Introduction

It’s been just over a year since I wrote a bearish article on uranium royalty and streaming company Uranium Royalty Corp. (NASDAQ: UROY ) ( URC:CA ) and a lot has changed since then.

The McArthur River uranium complex is restarting production, and uranium spot prices have soared more than 50% over the past 12 months. Yet, the share price of Uranium Royalty is currently below its June 2021 level. However, I think that the company continues to look overvalued based on fundamentals. Let’s review. Overview Of The Business And Financials

Uranium Royalty currently owns a portfolio of interest in 15 development, advanced, permitted, and past-producing uranium projects across Canada, the USA, Namibia, and Australia. Uranium Royalty The company also holds 1,548,068 pounds of physical uranium and marketable securities, which were valued at about C$127 million ($98.3 million) as of June 9. Those marketable securities […]

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