Uranium Royalty Completes $1.5M Acquisition of U.S. Uranium Royalty Portfolio from Anfield Energy
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Uranium Royalty Corp. (URC) has completed its acquisition of Anfield Energy’s portfolio of royalties on U.S. projects.
The projects consist of:
• U.S. Conventional Mining Royalty Portfolio
• 2 percent net smelter return royalty on portions of the San Rafael
Project, located in Utah, USA and operated by Western Uranium &
Vanadium Corp.
• 2-4 percent sliding scale gross value royalty on portions of the Whirlwind Project, located in Colorado and
Utah, and operated by Energy Fuels
• 1 percent gross value royalty on portions of the Energy Queen Project, located in Utah, and operated by
Energy Fuels.
• U.S. In-Situ Recovery (ISR) Royalty
• 2-4 pecent sliding scale royalty on portions of the Dewey Burdock Project located in South Dakota, and
operated by enCore Energy
Cash consideration of US$1.5 million was paid by the company at closing.
PHYSICAL URANIUM HOLDINGS
The company has also made additional uranium concentrate purchase commitments totaling 200,000 pounds U3O8 at an average cost of US$51.00 per pound. Deliveries will be made in February 2023 to URC’s storage account with Cameco Corporation in Ontario, Canada.
With these additions, URC will hold physical uranium inventories of 1,748,068 pounds, acquired at a weighted average cost of US$43.32 per pound. Based on the daily spot price published by TradeTech on February 6, 2023 of US$50.50, the value of such holdings was US$88 million (C$118 million), representing an increase of 17 percent since the acquisition dates.
URC has also contracted future purchase commitments of 500,000 pounds U3O8 through 2025 at a weighted average price of US$47.71 per pound.
About Uranium Royalty Corp.
Uranium Royalty Corp. (URC) is the world’s only uranium-focused royalty and streaming company. 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.
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