UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16
or 15d-16
UNDER
the Securities Exchange Act of 1934
For
the month of August 2024
Commission
File No.: 001-40359
Uranium
Royalty Corp.
(Translation
of registrant’s name into English)
Suite
1830, 1188 West Georgia Street
Vancouver,
British Columbia, V6E 4A2, Canada
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐ Form
40-F ☒
INCORPORATION
BY REFERENCE
Exhibits
99.1 contained in this Report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form F-10,
as amended (Registration No. 333-272534) of Uranium Royalty Corp. (including any prospectuses forming a part of such registration statement)
and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently
filed or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Uranium
Royalty Corp. |
|
|
|
Date:
August 1, 2024 |
By: |
/s/
Josephine Man |
|
Name:
|
Josephine
Man |
|
Title:
|
Chief
Financial Officer |
EXHIBIT
INDEX
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1711570/000149315224029943/ex_001.jpg)
Uranium
Royalty Corp. Completes Acquisition of Additional Royalty
on
the Churchrock Uranium Project, New Mexico, USA
DESIGNATED
NEWS RELEASE
Vancouver,
British Columbia, Canada, August 1, 2024 – Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (“URC”
or the “Company”) is pleased to announce the completion of its previously announced acquisition of an additional royalty
on a portion of the Churchrock uranium project (“Churchrock Project”) owned indirectly by Laramide Resources Ltd.
(“Laramide”) in New Mexico, USA. The Churchrock Project is an advanced stage, in-situ recovery uranium project located
in the Grants Mineral Belt of New Mexico, USA, 12 miles northeast of Gallup, New Mexico. Laramide has disclosed that the Churchrock Project
and nearby properties represent one of the largest and highest-grade undeveloped ISR uranium projects in the United States.
The
royalty is structured as a Gross Overriding Royalty of 6% “Mine Price”, which anticipates recovery of reasonable and actual
costs to transport the mineral to the final point of sale. The royalty covers the 10 patented mining claims in Section 8 property (640
acres) that comprise New Mexico Mineral Survey 2220 on the Churchrock Project.
Cash
consideration of US$3.5 million was paid by the Company to the vendors at closing.
About
Uranium Royalty Corp.
Uranium
Royalty Corp. is the world’s only uranium-focused royalty and streaming company and the only pure-play uranium listed company on
the NASDAQ. URC provides investors with uranium commodity price exposure through strategic acquisitions in 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 to an industry needing massive investments in global productive capacity to meet the growing need for uranium as
fuel for carbon-free nuclear energy. URC has deep industry knowledge and expertise to identify and evaluate investment opportunities
in the uranium industry. The Company’s management and the Board include individuals with decades of combined experience in the
uranium and nuclear energy sectors, including specific expertise in mine finance, project identification and evaluation, mine development
and uranium sales and trading.
Contact:
Scott
Melbye – Chief Executive Officer
Email:
smelbye@uraniumroyalty.com
Investor
Relations:
Toll
Free: 1.855.396.8222
Email:
info@uraniumroyalty.com
Website:
www.UraniumRoyalty.com |
Corporate
Office:
1188
West Georgia Street, Suite 1830,
Vancouver,
BC, V6E 4A2
Phone:
604.396.8222 |
Note
on Technical Disclosure
Darcy
Hirsekorn, the Company’s Chief Technical Officer, has supervised the preparation of and reviewed the technical information contained
in this news release. He holds a B.Sc. in Geology from the University of Saskatchewan, is a qualified person as defined in National Instrument
43-101 Standards of Disclosure for Mineral Projects and is registered as a professional geoscientist in Saskatchewan.
Unless
otherwise indicated, the scientific and technical information herein regarding the Churchrock Project has been derived from the public
disclosures of Laramide, copies of which are available under its profile on SEDAR+ at www.sedarplus.ca.
Forward
Looking Statements
Certain
statements in this news release may constitute “forward-looking information” and “forward looking statements”,
as defined under applicable securities laws, including those regarding the disclosed expectations of the operator of the Project regarding
the Project. 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 news release, words such as “estimates”, “expects”,
“plans”, “anticipates”, “will”, “believes”, “intends” “should”,
“could”, “may” and other similar terminology are intended to identify such forward-looking information. Statements
constituting 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, actual results, performance
or achievements of the Company and its industry may be materially different from those implied by such forward-looking statements. They
should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not
such results will be achieved. A number of factors could cause actual results to differ materially from such forward-looking information,
including, without limitation, any inability to satisfy the conditions to the transaction announced herein, risks inherent to royalty
companies, uranium price volatility, risks related to the 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 U.S. Securities and Exchange Commission.
These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution
in relying upon forward-looking information and the Company undertakes no obligation to publicly revise them to reflect subsequent events
or circumstances, except as required by law.
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