DESIGNATED NEWS RELEASE
VANCOUVER, BC, Nov. 7, 2022
/CNW/ - Uranium Royalty Corp. (NASDAQ: UROY)
(TSXV:URC) ("URC" or the "Company") is pleased
to provide the following update for its fiscal second quarter ended
October 31, 2022.
As at October 31, 2022, the
Company had approximately C$142
million in cash, marketable securities and physical uranium
holdings.
The Company's physical uranium holdings at October 31, 2022 were 1,548,068 pounds
U3O8, which were acquired by URC at a
weighted average cost of US$42.31 per
pound. Based on the daily spot price published by TradeTech LLC on
October 31, 2022 of US$52.25, the value of such holdings was
US$81 million (C$110 million) as at October 31, 2022, representing an increase of 33%
since the acquisition dates.
During the three months ended October 31,
2022, the Company distributed 960,571 common shares pursuant
to its previously announced at-the-market equity program through
the facilities of the TSX-V and NASDAQ for gross proceeds of
approximately C$3.6 million.
The Company plans to file its unaudited financial statements and
related management's discussion and analysis for the three and six
months ended October 31, 2022 on or
about December 14, 2022.
About Uranium Royalty
Corp.
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 capacity to meet
the growing need for uranium as fuel for carbon-free nuclear
energy. URC has deep industry knowledge and expertise to identify
and evaluate investment opportunities in the uranium industry. The
Company's management and the Board include individuals with decades
of combined experience in the uranium and nuclear energy sectors,
including specific expertise in mine finance, project
identification and evaluation, mine development and uranium sales
and trading.
Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this
release.
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SOURCE Uranium Royalty Corp.