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Uranium Royalty Corp. Elects to Receive Physical Uranium from McArthur River and Acquires Dawn Lake Royalty

Newswire.ca - Tue Nov 29, 2022

DESIGNATED NEWS RELEASE

VANCOUVER, BC, Nov. 29, 2022 /CNW/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) ("URC" or the "Company") is pleased to announce that it has notified Orano Canada Inc. ("Orano") of URC's election to receive royalty proceeds from the recently re-started world-class McArthur River mine through delivery of physical uranium. URC's royalty interest applies to Orano's 30.195% ownership interest in the McArthur River Project which is operated by Cameco.  Cameco currently plans to produce 15 million pounds of U3O8 (100% basis) per year from the operations starting in 2024.

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