Nach dem Kazatom-Fond geht jetzt auch Uran-Royalty einkaufen. Es tut sich was.
VANCOUVER, Oct. 19, 2021 - Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) ("URC" or the "Company") announces that it is entering into contracts for an additional four spot purchases totaling 400,000 pounds of U3O8 at an average cost of US$45.00 per pound U3O8. Deliveries will be accomplished in October-December 2021 through book transfers to URC's storage account at Cameco Corporation's Fuel Services facilities in Ontario, Canada.
As a result, URC will hold a physical inventory of 1,048,068 pounds U3O8 in the Cameco storage account at a weighted average cost of US$37.64 per pound. The latest Trade Tech daily spot price is at US$47.25 per pound as of October 18, 2021, leading to an increase in the net realizable value of URC's physical uranium holdings to US$10.07 million.
It is within URC's mandate to make periodic purchases of physical uranium to provide attractive commodity price exposure to shareholders, especially in these early stages of a bull market in uranium. The global mega-trend towards de-carbonization is providing a major catalyst for carbon-free, safe, and reliable nuclear energy, and market fundamentals are rapidly rebalancing with continued under-investment in new mine capacity and drawdown of excess inventories.
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