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Uranium Royalty Corp. Completes Acquisition of U.S. Uranium Royalty Portfolio from Anfield Energy Inc. and Expands Physical Uranium Holdings
Uranium Royalty Corp. Completes Acquisition of U.S. Uranium Royalty Portfolio from Anfield Energy...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. Completes Acquisition of U.S. Uranium Royalty Portfolio from Anfield Energy Inc. and Expands Physical Uranium Holdings\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 DESIGNATED NEWS RELEASE\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 6, 2023\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 the completion of its previously announced acquisition from Anfield Energy Inc. (\"\n \n \n Anfield\n \n \n \") of a portfolio of royalties on U.S. projects consisting of:\n \n \n \n U.S. Conventional Mining Royalty Portfolio:\n \n \n \n a 2% net smelter return royalty on portions of the San Rafael Project, located in\n \n Utah, USA\n \n and operated by Western Uranium & Vanadium Corp.;\n \n \n a 2 – 4% sliding scale gross value royalty on portions of the Whirlwind Project, located in\n \n Colorado\n \n and\n \n Utah, USA\n \n and operated by Energy Fuels Inc. (\"\n \n Energy Fuels\n \n \"); and\n \n \n a 1% gross value royalty (applicable to uranium and vanadium sales) on portions of the Energy Queen Project, located in\n \n Utah, USA\n \n and operated by Energy Fuels.\n \n \n \n \n \n U.S. In-Situ Recovery (ISR) Royalty:\n \n \n \n a 2 – 4% sliding scale royalty on portions of the Dewey Burdock Project located in\n \n South Dakota, USA\n \n and operated by enCore Energy Corp.\n \n \n \n \n \n \n Cash consideration of\n \n US$1.5 million\n \n was paid by the Company at closing.\n \n \n \n \n Physical Uranium Holdings\n \n \n \n \n The Company further announces that it has made additional uranium concentrate purchase commitments totaling 200,000 pounds U\n \n 3\n \n O\n \n 8\n \n at an average cost of\n \n US$51.00\n \n per pound.  Deliveries will be made in\n \n February 2023\n \n to URC's storage account with Cameco Corporation in\n \n Ontario, Canada\n \n . At the time of delivery, the purchase will be funded with cash on hand and available credit.\n \n \n With these...