VANCOUVER, BC, July 27, 2022 /PRNewswire/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (“RCU“or the”Company“) announces that it has published its annual information form, its management report and its annual consolidated financial statements for the year ended April 30, 2022which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

Like a April 30, 2022the Company had approximately 132 million Canadian dollars in cash, marketable securities and physical uranium assets.

Physical uranium holdings at April 30, 2022 were 1,448,068 pounds U3O8which were acquired by URC at a weighted average cost of US$41.19 per pound. Based on the most recent daily spot price published by TradeTech LLC of $47.00 on July 26, 2022the net realizable value of these investments increased by approximately $8 million from the balance sheet date.

The Company also recorded an increase in the fair value of its short-term investments of approximately 16 million Canadian dollars during the year ended April 30, 2022. The book value of short-term investments was C$51.8 million of the April 30, 2022.

During the three months and fiscal year ended April 30, 2022the Company distributed 2,518,916 and 6,175,771 common shares under its previously announced market share program through the TSX Venture Exchange (“TSX-V”) and NASDAQ for proceeds net of approximately 13 million Canadian dollars and 34 million Canadian dollarsrespectively.

Management update

The Company is pleased to announce the appointment of Katherine Arblaster as Vice President, Environment, Social and Governance and Yong Jae Kim as General Counsel, effective June 20, 2022 and July 7, 2022, respectively. The Company’s Board of Directors has authorized and approved the grant of 25,000 incentive stock options to Ms. Arblaster and Mr. Kim. Stock options are exercisable at a price of CA$3.26 per action in the case of Mrs. Arblaster and CA$2.88 per share in the case of Mr. Kim, being the closing price of the Company’s shares on the TSX-V on June 17, 2022 and July 6, 2022, respectively, for a period of five years from the date of grant. Stock options are subject to the terms of the Stock Option Plan and the approval of the TSX Venture Exchange.

About Uranium Royalty Corp.

Uranium Royalty Corp. (URC) is the world’s only uranium-focused royalty and streaming company and the only NASDAQ-listed uranium pure-play company. The URC provides investors with exposure to the price of uranium through strategic acquisitions of uranium interests, including royalties, streams, debt and equity in uranium companies, as well as than through physical uranium holdings. The Company is well positioned as a capital provider to an industry that needs massive investment in global production capacity to meet the growing need for uranium as a fuel for carbon-free nuclear power. URC has in-depth industry knowledge and expertise to identify and evaluate investment opportunities in the uranium industry. The company’s management and board of directors include individuals with decades of combined experience in the uranium and nuclear power industries, including specific expertise in mine financing, identifying and project evaluation, mine development and the sale and trade of uranium.

Forward-looking statements

Certain statements contained in this press release may constitute “forward-looking information”. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this press release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends”, “should”, “could”, “may” and other similar terminology is intended to identify such forward-looking information. Statements that constitute forward-looking information reflect the current expectations and beliefs of the Company’s management. These statements involve significant uncertainties, known and unknown risks, uncertainties and other factors and, therefore, the actual results, performance or achievements of the Company and its industry may differ materially from those implied by these statements. prospective. They should not be interpreted as a guarantee of performance or future results, and will not necessarily be a precise indication of whether or not such results have been achieved. A number of factors could cause actual results to differ materially from such forward-looking information, including, but not limited to, risks inherent in royalty companies, uranium price volatility, risks associated with operators of the projects underlying the Company’s existing and proposed interests and those other risks described in filings with Canadian securities regulators and the United States Securities and Exchange Commission. These and other risks could cause actual results and events to vary materially. Accordingly, readers should exercise caution when relying on forward-looking information, and the Company undertakes no obligation to revise it publicly to reflect subsequent events or circumstances, except as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Uranium Royalty Corp.