Uranium royalty corp. completes acquisition of u.s. uranium royalty portfolio from anfield energy inc. and expands physical uranium holdings
Designated news release vancouver, bc , feb. 6, 2023 /prnewswire/ - uranium royalty corp. (nasdaq: uroy) (tsxv: urc) ("urc" or the "company") is pleased to announce the completion of its previously announced acquisition from anfield energy inc. (" anfield ") of a portfolio of royalties on u.s. projects consisting of: u.s. conventional mining royalty portfolio: a 2% net smelter return royalty on portions of the san rafael project, located in utah, usa and operated by western uranium & vanadium corp.; a 2 – 4% sliding scale gross value royalty on portions of the whirlwind project, located in colorado and utah, usa and operated by energy fuels inc. ("energy fuels"); and a 1% gross value royalty (applicable to uranium and vanadium sales) on portions of the energy queen project, located in utah, usa and operated by energy fuels. u.s. in-situ recovery (isr) royalty: a 2 – 4% sliding scale royalty on portions of the dewey burdock project located in south dakota, usa and operated by encore energy corp. cash consideration of us$1.5 million was paid by the company at closing.
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