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Uranium Royalty Corp. Acquires Additional Royalty on the Lance Uranium Project in Wyoming, USA
Uranium Royalty Corp. Acquires Additional Royalty on the Lance Uranium Project in Wyoming...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. Acquires Additional Royalty on the Lance Uranium Project in Wyoming, USA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n This news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated\n \n August 18, 2021\n \n , to its short form base shelf prospectus dated\n \n June 16, 2021\n \n .\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 1, 2022\n \n \n /CNW/ -\n \n Uranium Royalty Corp.\n \n (NASDAQ: UROY) (TSXV: URC) (\"\n \n URC\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has acquired an additional 1% gross revenue royalty interest on the Lance In-Situ Recovery (\"ISR\") Uranium Mine in\n \n Wyoming, USA\n \n operated by Strata Energy Inc. (\"Strata\"), a wholly owned subsidiary of Peninsula Minerals Limited (\"Peninsula\").\n \n \n \n \n Highlights\n \n \n \n \n \n \n Near-term production potential:\n \n The Lance ISR Uranium Mine is a fully licensed mine, with Peninsula currently undertaking an updated feasibility study in preparation for a full re-start of ISR production. Mine production was idled in 2019 as the operator initiated a transition to a low-Ph mining method, but the project has been producing uranium in limited amounts during the test mining phase.\n \n \n \n \n \n Additional exposure to U.S. uranium production:\n \n Provides URC with additional exposure to potential U.S. derived uranium production.\n \n \n \n \n \n The royalty is a 1% gross revenue royalty interest:\n \n The royalty covers the entirety of the current permitted project area and expands upon URC's existing 4% gross revenue royalty on portions of the Lance Project. It is applicable to all uranium and related minerals from the project area.\n \n \n \n The royalty was acquired from an existing royalty holder and the consideration paid by the Company was\n \n US$1.25 million\n \n in cash.\n \n \n \n Scott Melbye\n \n , Chief Executive Officer of URC stated: \"URC couldn't be more pleased with the addition of this comprehensive, ne...