Uranium Royalty Secures Uranium Supply Stream Agreement With CGN Global Uranium [MarketWatch]
Uranium Royalty Corp. (UROY)
Company Research
Source: MarketWatch
The Canadian pure-play uranium royalty company said it has entered into a supply stream agreement with the company, which is the overseas nuclear fuel business platform of China General Nuclear Power Group. Uranium Royalty said that it would pay an average of 47.71 Canadian dollars, the equivalent of US$37.22, a pound. It said that 300,000 pounds of U3O8 would be delivered on Oct. 20, 2023, and an additional 100,000 pounds each to be delivered in mid-June of 2024 and early April of 2025. At the average price of C$47.71, the total order is worth around C$23.9 million. "In addition to attractive pricing, this strategic supply stream will provide URC with access to physical uranium in a timeframe, 2023-2025, where industry analysts forecast large 45-50 million pound annual supply deficits between production and reactor requirements at a time utility procurement volumes are expected to return to higher levels," Chief Executive Scott Melbye said. Write to Adriano Marchese at adria
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News
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- URANIUM ROYALTY ANNOUNCES CLOSING OF BOUGHT DEAL FINANCING [Yahoo! Finance]Yahoo! Finance
- URANIUM ROYALTY ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGPR Newswire
- Uranium Royalty Shares Retreat on $22.9M Bought Deal Fundraise [MarketWatch]MarketWatch
- Uranium Royalty to Raise $22.9M in Bought Deal Financing [MarketWatch]MarketWatch
UROY
Sec Filings
- 3/15/24 - Form 6-K
- 2/12/24 - Form SC
- 2/9/24 - Form 6-K
- UROY's page on the SEC website