Mr. Scott Melbye reports

URANIUM ROYALTY CORP. OBTAINS SHAREHOLDER APPROVAL FOR ARRANGEMENT AND PROVIDES CORPORATE UPDATE

Uranium Royalty Corp. has obtained shareholder approval of its previously announced plan of arrangement, as contemplated by an arrangement agreement, dated as of April 16, 2026, by and between the company, certain affiliated entities of Orion Resource Partners (USA) LP and HRG Metals LP, a subsidiary of the Ontario Teachers' Pension Plan (together with the Orion sellers, the Sweetwater investors), pursuant to which the Sweetwater investors agreed to contribute and sell their approximately 92-per-cent interest in certain entities holding trona royalty assets and landholdings in Wyoming, Utah and Colorado, U.S., to Uranium Royalty Corp., a newly formed parent company incorporated in Delaware (New URC). The arrangement agreement will result in the combination of the company and the Sweetwater entities under New URC.

At the meeting, company shareholders voted approximately 99.43 per cent of the company's outstanding shares, present in person or represented by proxy, in favour of the arrangement. Detailed voting results for the meeting will be available under the company's profile on SEDAR+.

Completion of the arrangement remains subject to receipt of a final order from the Supreme Court of British Columbia approving the arrangement and the satisfaction of certain customary closing conditions. It is currently expected that the arrangement will close on or about July 27, 2026.

Subject to the completion of the arrangement and compliance with applicable listing requirements, it is expected that the common stock of New URC will be listed and posted for trading on the Nasdaq Stock Market on or about July 28, 2026.

Subject to the completion of the arrangement and compliance with requirements of the Toronto Stock Exchange and the applicable securities regulators, the common shares of the company will be delisted from the TSX on or about July 28, 2026, and it is expected the company will cease to be a reporting issuer in all jurisdictions of Canada in which it is currently a reporting issuer, each on or about July 28, 2026.

Corporate update

Andy Marshall will step down as chief financial officer of the company following the arrangement, effective July 29, 2026, to pursue other opportunities. Eason Chen will be appointed interim chief financial officer at such time. The company thanks Mr. Marshall for his service and contributions to the company.

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 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 trading of physical uranium.

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