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Uranium Royalty Corp. Takes Delivery of Initial Tranche Under its 10-Year Supply Agreement to Acquire US$10 Million of Physical Uranium
Uranium Royalty Corp. Takes Delivery of Initial Tranche Under its 10-Year Supply Agreemen...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. Takes Delivery of Initial Tranche Under its 10-Year Supply Agreement to Acquire US$10 Million of Physical Uranium\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 Highlights\n \n \n \n \n Uranium Royalty Corp (URC) previously announced on\n \n March 30, 2021\n \n the initial exercise of its option to purchase\n \n US$10 million\n \n of physical uranium, secured under its strategic and foundational investment in the 2018 IPO of Yellow Cake plc (YCA);\n \n \n URC has now taken delivery of 348,068 pounds of U\n \n 3\n \n O\n \n 8\n \n ; and\n \n \n Together with our recently announced proposed acquisitions of royalty interests in the McArthur River and Cigar Lake mines, URC is ideally positioned to benefit from improving uranium prices.\n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 29, 2021\n \n /CNW/ -\n \n Uranium Royalty Corp.\n \n (NASDAQ: UROY) (TSXV: URC) (\"URC\" or the \"Company\") is pleased to confirm the completion of its previously announced acquisition of 348,068 pounds of U\n \n 3\n \n O\n \n 8\n \n pursuant to its existing strategic arrangements with Yellow Cake plc (\"Yellow Cake\") at a price of\n \n US$28.73\n \n per pound. The purchased physical uranium is being held in URC's account at the Fuel Services facilities of Cameco Corporation in\n \n Ontario, Canada\n \n .\n \n \n \n Scott Melbye\n \n , Chief Executive Officer of URC, commented: \"We are pleased to confirm the acquisition and delivery of uranium into our holding account. This purchase is in line with our goal of gaining exposure to uranium prices through sector-focused investments and we believe that it clearly demonstrates the value of our strategic Yellow Cake investment.\"\n \n \n Mr. Melbye continued: \"The addition of this direct physical uranium interest further diversifies our unique uranium-focused portfolio and adds a valuable asset to our balance sheet. Together with our recently announced proposed acquisitions of royalty interests in the McArthur River and Cigar Lake mines, we believe we are uniquely ...