Tillkännagivande • Apr 17
Uranium Royalty Corp. (TSX:URC) entered into an arrangement agreement to acquire 92% stake in Sweetwater Royalties LLC from Ontario Teachers' Pension Plan Board and an unknown funds managed by Orion Resource Partners LP for $1.8 billion. Uranium Royalty Corp. (TSX:URC) entered into an arrangement agreement to acquire 92% stake in Sweetwater Royalties LLC from Ontario Teachers' Pension Plan Board and an unknown funds managed by Orion Resource Partners LP for $1.8 billion on April 16, 2026. The Transaction implies a 100% enterprise value for Sweetwater of approximately $1.9 billion (based on $625 million of debt outstanding as of April 1, 2026) and an attributable equity value to be acquired by Uranium Royalty Corp of approximately $1.1 billion. Under the Transaction, Sweetwater and Uranium Royalty Corp. will combine under a newly formed U.S. domiciled parent company, "Uranium Royalty Corp." ("New URC"), which will apply to have its shares of common stock ("New URC Shares") listed on the NASDAQ Capital Market. Immediately prior to the Transaction, Orion and Ontario Teachers' will have transferred their Sweetwater interests to New URC. Pursuant to the Arrangement, a number of steps will occur at closing, including URC shareholders exchanging their URC shares for 1 share of New URC. As part of consideration, Uranium Royalty Corp. will pay $330 million in cash and $813 million in New URC Shares subject to adjustments. It is expected that existing Uranium Royalty Corp shareholders, Orion and Ontario Teachers' will hold approximately 41%, 43% and 16% of the outstanding New URC Shares, respectively, on completion of the Arrangement and prior to the effects of Subsequent Financing. Uranium Royalty Corp. expects to fund the cash portion of the acquisition by means of existing cash on hand of $242 million, the Subscription of shares by Uranium Energy Corp of $40 million, and additional existing liquidity.
Following completion of the Transaction, Uranium Royalty Corp. will continue to be led by Scott Melbye as President and Chief Executive Officer and Amir Adnani as Chairman, uranium industry veterans with over 60 years of combined experience. Sweetwater will continue to operate under the leadership of Chief Executive Officer Damon Barber, who has over 30 years of experience in global mining and resource development.
The transaction is subject to approval by the shareholders of Uranium Royalty Corp., requisite court approval, applicable stock exchange, regulatory approvals, and other customary closing conditions. A shareholder meeting is expected to occur on or about July 2026 with closing thereafter subject to regulatory approvals. The Board of Directors of Uranium Royalty Corp. formed a special committee for the transaction and has unanimously approved the Transaction and recommend that shareholders vote in favor of the Transaction.
Paradigm Capital Inc. acted as fairness opinion provider to the Special Committee of Uranium Royalty Corp. Paradigm Capital Inc. acted as financial advisor to the Special Committee of Uranium Royalty Corp. National Bank of Canada Financial Markets acted as financial advisor to Uranium Royalty Corp. Sangra Moller LLP acted as legal advisor to Uranium Royalty Corp. Haynes and Boone, LLP acted as legal advisor to Uranium Royalty Corp. Holland & Hart LLP acted as legal advisor to Uranium Royalty Corp. Goldman Sachs Canada, Inc. acted as financial advisor to Uranium Royalty Corp. Rothschild & Co US Inc. acted as financial advisor to Sweetwater Royalties LLC. Sidley Austin LLP acted as legal advisor to Orion Resource Partners LP. Torys LLP acted as legal advisor to Ontario Teachers' Pension Plan Board and Orion Resource Partners LP. Weil, Gotshal & Manges LLP acted as legal advisor to Ontario Teachers' Pension Plan Board. Tillkännagivande • Aug 21
Uranium Royalty Corp. has filed a Follow-on Equity Offering in the amount of $54 million. Uranium Royalty Corp. has filed a Follow-on Equity Offering in the amount of $54 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Tillkännagivande • Aug 01
Uranium Royalty Corp. Announces CFO Changes Uranium Royalty Corp. announced that Andy Marshall has been appointed Chief Financial Officer of URC, succeeding Josephine Man in such position. Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with over 20 years of senior financial leadership experience in the natural resources sector. He brings a strong background in accounting, corporate reporting across Canada and the U.S., financial and risk management, transactional financing, M&A, and strategic support for growth-stage mining companies. His career includes CFO roles at multiple publicly listed resource companies, where he supported project advancement, capital markets initiatives, and cross-border operations. Mr. Marshall began his career with PwC LLP in London before relocating to Vancouver in 2008. He graduated from Newcastle University, England, with a BA(Hons) in Financial Analysis and Accounting. Tillkännagivande • Jul 22
Uranium Royalty Corp., Annual General Meeting, Oct 16, 2025 Uranium Royalty Corp., Annual General Meeting, Oct 16, 2025. Location: vancouver, Canada Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.35, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total loss to shareholders of 49% over the past three years. Tillkännagivande • Oct 30
Uranium Royalty Corp. Appoints Ken Robertson as Director Uranium Royalty Corp. announced that Mr. Ken Robertson has been appointed as a director of the Company. Mr. Robertson was previously a partner and Global Mining & Metals Group Leader with Ernst & Young LLP ("EY"). During his career at EY in Canada and the United Kingdom, Ken developed extensive experience in initial public offerings, financings, governance and securities regulatory compliance. Mr. Robertson is a certified professional accountant and he currently serves on the boards of Silvercorp Metals Inc. and Gold Royalty Corp. He holds a Bachelor of Commerce degree from McMaster University and the ICD.D designation from the Institute of Corporate Directors. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.64, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.06, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total loss to shareholders of 49% over the past three years. Tillkännagivande • Aug 30
Uranium Royalty Corp. has filed a Follow-on Equity Offering in the amount of $39 million. Uranium Royalty Corp. has filed a Follow-on Equity Offering in the amount of $39 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Tillkännagivande • Jul 23
Uranium Royalty Corp., Annual General Meeting, Oct 17, 2024 Uranium Royalty Corp., Annual General Meeting, Oct 17, 2024. Location: british columbia, vancouver Canada New Risk • Mar 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 50% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Significant insider selling over the past 3 months (€70k sold). Tillkännagivande • Feb 09
Uranium Royalty Corp. has completed a Follow-on Equity Offering in the amount of $22.86364 million. Uranium Royalty Corp. has completed a Follow-on Equity Offering in the amount of $22.86364 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,724,600
Price\Range: $3.4
Discount Per Security: $0.187 Tillkännagivande • Feb 02
Uranium Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 22.86364 million. Uranium Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 22.86364 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,724,600
Price\Range: CAD 3.4 Recent Insider Transactions • Jan 19
Chief Technical Officer recently sold €70k worth of stock On the 12th of January, Darcy Hirsekorn sold around 24k shares on-market at roughly €2.90 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Neil Gregson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 13
Uranium Royalty Corp. Announces Board and Committee Changes Uranium Royalty Corp. announced that John Griffith did not stand for re-election as a director. At the meeting of the Board which followed the AGM held on October 12, 2023, the following directors were appointed as members and respective chairs of the board committees for the upcoming year: Audit Committee composed of Neil Gregson (Chair), Vina Patel and Amir Adnani; Compensation Committee composed of Vina Patel (Chair) and Neil Gregson; and Nominating and Corporate Governance Committee composed of Vina Patel (Chair) and Neil Gregson. Amir Adnani was appointed as the Chairman of the Board and Vina Patel was appointed as the lead independent director for the Board. New Risk • Sep 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$8.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.1m free cash flow). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Tillkännagivande • Jul 18
Uranium Royalty Corp., Annual General Meeting, Oct 12, 2023 Uranium Royalty Corp., Annual General Meeting, Oct 12, 2023. New Risk • Jul 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$14m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$14m free cash flow). Earnings have declined by 20% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Tillkännagivande • Jul 07
Uranium Royalty Corp.(TSX:URC) dropped from S&P/TSX Venture Composite Index Uranium Royalty Corp.(TSX:URC) dropped from S&P/TSX Venture Composite Index New Risk • Jul 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$21m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$21m free cash flow). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, President & Director Scott Melbye is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, President & Director Scott Melbye is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. CEO, President & Director Scott Melbye is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Is New 90 Day High Low • Mar 16
New 90-day high: €2.06 The company is up 159% from a price of €0.80 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the Oil and Gas industry, which is up 11% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: €1.50 The company is up 96% from its price of €0.77 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: €1.14 The company is up 54% from its price of €0.74 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 61% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: €0.85 The company is up 15% from its price of €0.74 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: €0.80 The company is up 5.0% from its price of €0.77 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 44% over the same period.