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Uranium Royalty Corp. Expands Physical Uranium Holdings
Uranium Royalty Corp. Expands Physical Uranium Holdings Canada NewsWire ...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. 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 VANCOUVER, BC\n \n ,\n \n March 28, 2022\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 \") announces that it has made additional uranium concentrate purchase commitments totaling 200,000 lbs U\n \n 3\n \n O\n \n 8\n \n at an average cost of\n \n US$58.40\n \n per pound. Deliveries will be made in April/\n \n May 2022\n \n to URC's storage account with Cameco Corporation in\n \n Ontario, Canada\n \n . The purchase will be funded with cash on hand and available credit.\n \n \n With these additions, URC will hold physical uranium inventories of 1,548,068 pounds, acquired at a weighted average price of\n \n US$42.20\n \n per pound. The net realizable value of URC's existing uranium inventories has increased by approximately\n \n US$25 million\n \n since acquisition based on the most recent daily spot price published by TradeTech LLC, being\n \n US$58.40\n \n per pound.\n \n \n As previously disclosed, URC has also contracted future purchase commitments of 500,000 pounds U\n \n 3\n \n O\n \n 8\n \n through 2025 at a weighted average price of\n \n US$47.71\n \n per pound.\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 About Uranium Royalty Corp.\n \n \n \n Uranium Royalty Corp. (URC) is the world's only uranium-focused royalty and streaming company and the only pure-play uranium listed company on the NASDAQ. URC provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through holdings of physical uranium. The Company is well positioned as a capital provider to an industry needing massive investments in global productive ca...