11:45:38 EDT Tue 23 Jul 2024
Enter Symbol
or Name

Login ID:
Uranium Royalty Corp
Symbol URC
Shares Issued 100,369,451
Close 2023-08-08 C$ 3.03
Market Cap C$ 304,119,437
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Uranium Royalty renews ATM equity program

2023-08-08 18:25 ET - News Release

Mr. Scott Melbye reports


Uranium Royalty Corp. has renewed its at-the-market (ATM) equity program that allows the company to distribute up to $40-million (U.S.) (or the equivalent in Canadian dollars) of common shares of the company to the public from time to time, through the agents (as defined below), at the company's discretion. The offered shares sold under the ATM program, if any, will be sold at the prevailing market price at the time of sale.

Sales of offered shares through the ATM program will be made pursuant to the terms of an equity distribution agreement dated Aug. 8, 2023, with a syndicate of agents led by BMO Nesbitt Burns Inc., and including BMO Capital Markets Corp., Canaccord Genuity, H.C. Wainwright & Co. LLC, Paradigm Capital Inc., and TD Securities.

The company intends to use the net proceeds of any such sales under the ATM program to finance the acquisition of additional royalties, streams, physical uranium and similar interests, and for working capital.

Under the distribution agreement, sales of offered shares will be made by the agents through at-the-market distributions as defined in National Instrument 44-102, Shelf Distributions, on the Toronto Stock Exchange, Nasdaq Capital Market, or any other trading market for the offered shares in Canada or the United States. The company is not obligated to make any sales of offered shares under the distribution agreement. Unless earlier terminated by the company or the agents as permitted therein, the distribution agreement will terminate upon the earlier of: (a) the date that the aggregate gross sales proceeds of the offered shares sold under the ATM program reaches the aggregate amount of $40-million (U.S.) (or the equivalent in Canadian dollars); or (b) Sept. 1, 2024.

The ATM program will become effective upon the filing of a prospectus supplement to the company's short form base shelf prospectus dated July 20, 2023, and U.S. registration statement on Form F-10 filed June 8, 2023, as amended on July 20, 2023. The prospectus supplement relating to the ATM program will be filed shortly with the securities commissions in each of the provinces and territories of Canada and with the United States Securities and Exchange Commission. Copies of the prospectus supplement, the distribution agreement and other relevant documents will be available on SEDAR+ and EDGAR. Alternatively, the lead agent will send copies of such documents to investors upon request by contacting BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, attention: The Data Group of Companies, by e-mail at attorbramwarehouse@datagroup.ca or by telephone at 905-791-3151, extension 4312.

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. The company 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. 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. Uranium Royalty 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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