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Uranium Royalty Corp. Files Quarterly Report, Expands Physical Uranium Inventory and Increases Margin Loan Facility
Uranium Royalty Corp. Files Quarterly Report, Expands Physical Uranium Inventory and Incr...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. Files Quarterly Report, Expands Physical Uranium Inventory and Increases Margin Loan Facility\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.prntac{\nTEXT-ALIGN: CENTER\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 VANCOUVER, BC\n \n ,\n \n Dec. 14, 2021\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 published its unaudited interim consolidated financial statements for the three and six months ended\n \n October 31, 2021\n \n (the \"\n \n Interim Period\n \n \"), which are available on SEDAR at\n \n www.sedar.com\n \n and EDGAR at\n \n www.sec.gov\n \n .\n \n \n As at\n \n December 13, 2021\n \n , the Company had approximately\n \n C$104 million\n \n in cash, marketable securities and physical uranium holdings.\n \n \n \n Physical Uranium Inventory Expanded\n \n \n \n The Company increased its physical uranium inventory by 300,000 pounds to 1,348,068 pounds, with an overall weighted average acquisition price of\n \n US$39.80\n \n per pound.\n \n \n Also, as previously announced on\n \n December 2, 2021\n \n , the Company entered into a supply stream agreement with CGN Global Uranium Limited for 500,000 pounds delivered in 2023 through 2025 at a weighted average price of\n \n US$47.71\n \n per pound.\n \n \n \n Increased Balance Sheet Strength\n \n \n \n The Company announces that it has amended its previously announced margin loan facility with the Bank of\n \n Montreal\n \n to increase the commitment amount by\n \n US$5 million\n \n to\n \n US$15 million\n \n , among other amendments. In connection therewith, the Company drew an additional\n \n US$5 million\n \n as required by the amendment, for a total of\n \n US$10.175 million\n \n principal amount currently outstanding.\n \n \n During the Interim Peri...