Uranium Royalty Corp. announces the renewal of its stock market program


VANCOUVER, BC, September 1, 2022 /CNW/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (“RCU“or the”Company“) announces that it has renewed its share program at market price (the “ATM program“) which allows the Company to distribute up to $40 million (or the equivalent in Canadian dollars) of common shares of the Company (the “Shares offered“) to the public from time to time, through Agents (as defined below), at the discretion of the Company. Offered Shares sold under the ATM Program, if any, will be sold at the market prevailing at the time of the sale.

Sales of shares offered through the ATM program will be made pursuant to the terms of a share distribution agreement dated September 1, 2022 (there “Distribution Agreement“) with a syndicate of agents led by BMO Nesbitt Burns Inc., and including BMO Capital Markets Corp., Canaccord Genuity, HC Wainwright & Co. LLC, Paradigm Capital Inc. and TD Securities (collectively, the “Officers“).

The Company intends to use the net proceeds of these sales under the ATM program to fund the acquisition of additional royalties, fluxes, physical uranium and similar interests and for working capital.

Pursuant to the Distribution Agreement, sales of Offered Shares will be effected by the Agents by way of “at-the-market distributions”, as defined in NI 44-102 – On-shelf distribution on the TSX Venture Exchange, Nasdaq Capital Markets or any other trading market for shares offered in Canada Where United States. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. Unless earlier terminated by the Company or the Agents as permitted herein, the Distributor Agreement will terminate on the earliest of the following dates: (a) the date on which the aggregate gross proceeds of the sale of the Offered Shares sold under the ATM Program reaches the total amount of $40 million (or the equivalent in Canadian dollars); or (b) July 14, 2023.

The ATM program will become effective upon the filing of a prospectus supplement to the short form base shelf prospectus of the Company dated June 16, 2021 and United States Registration Statement on Form F-10 filed June 4, 2021as amended on June 16, 2021. The Prospectus Supplement for the ATM Program will be filed shortly with the securities commissions in each of the provinces and territories of Canada and with the United States Securities and Exchange Commission. Copies of the Prospectus Supplement, the Distribution Agreement and other relevant documents will be available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Alternatively, the Chief Agent will send copies of these documents to investors on request by contacting BMO Nesbitt Burns Inc. by post at the Brampton Distribution Centre, 9195 Torbram Road, Brampton, Ont.L6S 6H2, Attn: The Data Group of Companies, by email at [email protected] or by phone at 905-791-3151 ext. 4312.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Uranium Royalty Corp.

Uranium Royalty Corp. (URC) is the world’s only uranium-focused royalty and streaming company and the only pure-play uranium company listed on NASDAQ. 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 through holdings of physical uranium. The Company is well positioned as a capital provider for an industry that needs massive investments in global production capacity to meet the growing need for uranium as a fuel for carbon-free nuclear energy. 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 information

Certain statements contained in this press release may constitute “forward-looking information”, including those regarding the intended use of proceeds generated by the ATM program. 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, 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 Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Website: www.UraniumRoyalty.com

SOURCE Uranium Royalty Corp.

For further information: Scott Melbye – President and CEO, Email: [email protected]; Investor Relations: Toll Free: 1.855.396.8222, Email: [email protected]; Head office: 1030 West Georgia Street, Suite 1830, Vancouver, BC, V6E 2Y3, Telephone: 604.396.8222

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