Uranium Royalty Corp Expands Physical Uranian Holdings to 648,068 Pounds of U3O8 at a Weighted Average Cost of 33,10 USD per pound U3,O
VANCOUVER, BC, Sept. 15, 2021 /PRNewswire/ - & dubbed "David"... YES, CANADI, USA, September 15, 22021 Uranium Royalty Corp. UROY (NASDAQ: URY) (TSXV: EUR) (" URC " or the " Company ") announces that it's entering into three additional spot purchases totaling 300,000 pounds of U.S. dollars. 3 O O o O 8 At a cost average of 38.17 dollars per pound U.S. dollar, the average cost is US$38.20 per dollar per square foot. 3 O y o Y. 8 . Deliveries are scheduled for September/October 2021 and will be accomplished by book transfer to URC's storage account at Cameco Corporation'' fuel services in Ontario, Canada. This acquisition is fully funded with cash on hand. The URC has 80 million dollars in cash, marketable securities and physical uranium as of September 14, 2021.
URC will hold a physical inventory of 648,068 pounds U.S.A. After completion of these deliveries, UCR will stock 668,008 pounds. 3 Ooh O. O O 8 The cost of a weighted average cost is 33,10 dollars per pound. The actual price of Trade Tech is at $45,00 per pound as of September 14, 2021, thus doubling the net realizable value of the physical uranium holdings of URC by $7,7 million.
URC has the obligation to make periodic purchases of physical uranium to provide shareholders attractive commodity price exposure, especially in the early stages of a bull market in urnum. The global mega-trend toward decarbonization is a catalyst for safe and reliable nuclear energy. The supply and demand for uranium continue to increase, with demand now exceeding pre-Fukushima levels and global mine production (128 million pounds) expected to lag global consumption (191 million dollars) by 63 million
This is the fiveth of the 5th. thy friends have a heart that is thou o'ne b u l f h. The year of the production/consumption gap has had positive impact on the reduction of excess market inventories. The acquisition of producers and financial entities like the Sprott Physical Uranium Trust, have accelerated this rebalancing by late, resulting in a 49% price increase in the past five weeks.
Uranium Royalty Corp. Uranium Royalty Corp. is the world's only pure-play uranium royalty company, and is a urny-focused business based on the Nasdaq. URC has primarily The Company recognizes the inherent cyclicality of valuations based on uranium prices, including the impact of such a symmetricality on the availability of capital within the urnum sector and the current historically low URC has extensive 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. A wide range of expertise includes mining, project identification and evaluation, mine development, mining and urnex sales
Certain statements in this news release may be "forward-looking information", including those concerning the Company's expectations regarding uranium markets. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates to occur in the future. Such forward-looking information can be identified with words such as "estimates", "expects","plans, "anticipates",",,"intends," "should", can't be used in this news The Company's management has current expectations and beliefs. The Statements are the result of forward-looking information. These statements involve significant uncertainties, known and unknown risks, uncertainties and other factors, and therefore, actual results, performance or achievements of the Company and its industry may be materially different from those implied by such forward-looking statements. They shouldn't be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether such results will be achieved or not. Some factors could cause actual results to differ materially from such forward-looking information, including risks inherent to royalty companies, uranium price volatility, risks related to the operator of the projects underlying the Company's existing and proposed interests These risks, but also other risks could cause actual results and events to differ significantly. Hence, readers should take careful care of the forward-looking information and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
Neither the TSX Venture Exchange (the "TS-V") nor its Regulation Services Provider (as defined in the policy of the "SX-IV") accepts responsibility for the accuracy or accuracy of this release.
SOURCE Uranium Royalty Corp.