An anonymous director reports

URANIUM ROYALTY CORP. ANNOUNCES US$22.9 MILLION BOUGHT DEAL FINANCING

Uranium Royalty Corp. has entered into an agreement with a syndicate of underwriters, led by Canaccord Genuity Corp. as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 6,724,600 common shares, at a price of $3.40 (U.S.) per common share (the current approximate equivalent of $4.76 per common share), for gross proceeds of approximately $22.9-million (U.S.).

The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days after and including the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about Feb. 9, 2024, and is subject to the company receiving all necessary regulatory approvals.

The company currently intends to use the net proceeds of the offering to finance future royalty acquisitions and purchases of physical uranium.

The common shares will be offered by way of a prospectus supplement in all of the provinces and territories of Canada, other than Quebec, pursuant to the company's base shelf prospectus dated July 20, 2023, and will be offered in the United States pursuant to an effective registration statement filed under the Canada/U.S. multijurisdictional disclosure system (file No. 333-272534). Such documents will contain important information about the offering.

About Uranium Royalty Corp.

Uranium Royalty is the world's only uranium-focused royalty and streaming company and the only pure-play uranium listed company on the Nasdaq. Uranium Royalty 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 trading of physical uranium.

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