The financing represents the second of its kind carried out by Uranium Royalty over the past four months. Last October, it arranged a $30 million bought deal that priced its shares at $2.94 each.
The company’s most notable acquisition over the past year was a portfolio of royalties on US-based uranium assets from Anfield Energy (TSXV: AEC) for cash consideration of $1.5 million.
Included in the portfolio were royalties on three conventional uranium mining projects located in Utah: the San Rafael project operated by Western Uranium & Vanadium (CSE: WUC), the Whirlwind project and the Energy Queen project, both operated by Energy Fuels (TSX: EFR).
Also included was an in-situ recovery project, the Dewey Burdock located in South Dakota, operated by enCore Energy (NASDAQ: EU) (TSXV: EU).
The company, which became public in December 2019, now holds a portfolio of more than 20 royalties on uranium projects across the US and…
