Uranium Royalty Corp Provides Langer Heinrich Asset Update

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[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp Provides Langer Heinrich Asset Update\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 9, 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 \") is pleased to provide the following update on the Langer Heinrich Mine, on which Uranium Royalty Corp. holds a production royalty of\n \n A$0.12\n \n per kilogram of U\n \n 3\n \n O\n \n 8\n \n produced from the Langer Heinrich Mine and sold by Paladin Energy Limited (ASX:PDN, OTCQX:PALAF) (\"Paladin\") and Paladin Energy Metals Ltd:\n \n \n \n Langer Heinrich Mine Restart Plan and Mineral Resource and Ore Reserve Update\n \n \n \n Paladin announced on\n \n November 4, 2021\n \n an update to the Langer Heinrich Restart Plan and presented an update to the Mineral Resources and Ore Reserves Estimates for the Langer Heinrich Mine. Highlights of the update include:\n \n \n \n Confirms the restart cost estimate of\n \n US$81M\n \n and a 17 year mine life supported by Ore Reserves of 84.8 Mt with an average U\n \n 3\n \n O\n \n 8\n \n grade of 448 ppm\n \n \n Life of mine production target increased to 77.4 Mlbs of U\n \n 3\n \n O\n \n 8\n \n (previously 76.1Mlbs)\n \n \n Estimated Life of Mine C1 Costs are updated to\n \n US$27.40\n \n /lb. (previously\n \n US$26.90\n \n /lb.), primarily due to increased estimated contract mining rates\n \n \n Confirmation of an estimated project execution timeframe of 18 months from project commencement to first production, with full production achieved after a further 15 months\n \n \n A total of 83.8 Mlbs of U\n \n 3\n \n O\n \n 8\n \n in Proved and Probable Reserves.\...

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