Categories: Base Metals
Topics: General Base Metals

Uranium Royalty Surpasses 1 Million Pounds U3O8

Uranium Royalty Corp. (TSX-V: URC)(NASDAQ: UROY) — currently trading around C$6.50 per share and the first-and-only pure play uranium royalty company in the space — is entering into contracts to purchase an additional 400,000 pounds of U3O8 at an average cost of US$45 per pound.

Those purchases will bring the company’s total uranium inventory to 1,048,068 pounds at a weighted average cost of US$37.64/lb.

Uranium is finally starting to receive well-deserved attention as the supply/demand fundamentals are extremely bullish. And if you’ve been watching the headlines, you’ve seen uranium prices surge from US$25 per pound in February to multi-year highs above US$45 per pound.

Prices could rise even further as utilities come roaring back into the market to secure U3O8 contracts in the coming quarters.

URC’s timely and ongoing investment in physical uranium is quickly proving lucrative with the company now sitting on over C$80 million in cash, marketable securities, and physical uranium.

Not bad for a junior resource firm that’s only been around since late-2019!

In its relatively brief trading history, Uranium Royalty Corp. has amassed a geographically diverse portfolio of uranium royalties, including royalties on Cameco’s McArthur River and Cigar Lake mines — the two largest high-grade uranium mines on the planet.

With all the pertinent boxes checked, Uranium Royalty Corp. is well-positioned for growth in what’s shaping up to be an historic uranium bull market.

Check out additional Uranium Royalty news, interviews, and much more.

Read our feature report on Uranium Royalty Corp.

We also want to share some other exciting movement in the uranium sector with you as well... Digest Publishing's Nick Hodge has just released our newest research on a uranium opportunity that could be the most lucrative profit opportunity we’ve seen in over a decade.

 

Enjoy!

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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