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Uranium Royalty Corp Expands Physical Uranium Holdings to 1,048,068 Pounds of U3O8 at a Weighted Average Cost of US$37.64 per pound U3O8
Uranium Royalty Corp Expands Physical Uranium Holdings to 1,048,068 Pounds of U3O8 at a W...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp Expands Physical Uranium Holdings to 1,048,068 Pounds of U3O8 at a Weighted Average Cost of US$37.64 per pound U3O8\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 PR Newswire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 19, 2021\n \n /PRNewswire/ -\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 is entering into contracts for an additional four spot purchases totaling 400,000 pounds of U\n \n 3\n \n O\n \n 8\n \n at an average cost of\n \n US$45.00\n \n per pound U\n \n 3\n \n O\n \n 8\n \n . Deliveries will be accomplished in October-\n \n December 2021\n \n through book transfers to URC's storage account at Cameco Corporation's Fuel Services facilities in\n \n Ontario, Canada\n \n .\n \n \n As a result, URC will hold a physical inventory of 1,048,068 pounds U\n \n 3\n \n O\n \n 8\n \n in the Cameco storage account at a weighted average cost of\n \n US$37.64\n \n per pound. The latest Trade Tech daily spot price is at\n \n US$47.25\n \n per pound as of\n \n October 18, 2021\n \n , leading to an increase in the net realizable value of URC's physical uranium holdings to\n \n US$10.07 million\n \n .\n \n \n It is within URC's mandate to make periodic purchases of physical uranium to provide attractive commodity price exposure to shareholders, especially in these early stages of a bull market in uranium. The global mega-trend towards de-carbonization is providing a major catalyst for carbon-free, safe, and reliable nuclear energy, and market fundamentals are rapidly rebalancing with continued under-investment in new mine capacity and drawdown of excess inventories.\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 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 o...