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Uranium Royalty Corp
Symbol URC
Shares Issued 100,957,551
Close 2023-10-06 C$ 4.30
Market Cap C$ 434,117,469
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Uranium Royalty arranges $30-million (U.S.) bought deal

2023-10-10 10:15 ET - News Release

Mr. Scott Melbye reports

URANIUM ROYALTY CORP. ANNOUNCES U.S.$30 MILLION BOUGHT DEAL FINANCING

Uranium Royalty Corp. has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares at a price of $2.94 (U.S.) (the current approximate equivalent of $4 (Canadian) per common share) for gross proceeds of approximately $30-million (U.S.). The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following 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 Oct. 17, 2023, and is subject to the company receiving all necessary regulatory approvals.

The company currently intends to use the net proceeds of the offering primarily to finance future purchases of physical uranium, to implement its growth strategy through future acquisitions of royalties, streams, physical uranium and similar interests, and for other general working capital purposes.

The common shares will be offered by way of a prospectus supplement in all 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/United States multijurisdictional disclosure system (file No. 333-272534). Such documents 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 Stock Market. 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 physical uranium.

We seek Safe Harbor.

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