VANCOUVER, BC, Sept. 16, 2021 /CNW/ - Uranium Royalty
Corp. (NASDAQ: UROY) (TSXV: URC) ("URC" or the
"Company") is pleased to announce the appointment of
John Griffith to the board of
directors of URC.
Amir Adnani, Chairman, commented:
"On behalf of the board and the URC team, we are delighted to
welcome John to the Uranium Royalty team. Having successfully
advised on more than $60 billion of
successful mining transactions as the former Head of Bank of
America's Metals and Mining Investment Banking, John brings with
him a wealth of experience that will be invaluable in supporting
the Company's ongoing growth strategy".
Mr. Griffith is a former Managing Director and the Head of
Americas Metals & Mining Investment Banking for Bank of America
(2006-2020). He brings with him nearly 30 years of experience
in the financial services sector, spanning three continents,
including 26 years of global investment banking expertise.
John's global landmark transaction was representing Goldcorp in
its merger with Newmont Mining in 2019. Other notable advisory
transactions in the gold sector include Barrick
Gold's sales of Yilgarn South, Kanowna Belle and Plutonic
for A$400 million, Eldorado Gold's acquisition of European
Goldfields for $2.5 billion, Agnico Eagle's acquisition of
Comaplex Minerals for $655 million and Yamana Gold's sale
of Agua Rica to Xstrata and Goldcorp for an undisclosed amount.
Mr. Griffith has extensive structuring and negotiating
experience and has led complex multi-jurisdictional transactions.
In an industry first – he structured the US$648
million gold stream with Franco Nevada to partially finance,
in combination with high yield notes and equity, Lundin
Mining's US$1.8 billion acquisition of the Candelaria mine
from Freeport McMoRan. Most recently, John worked extensively with
Triple Flag Precious Metals Corp., a private precious
metals-focused royalty and streaming company backed by Elliot
Capital Management Corporation. Mr. Griffith is currently Chief
Development Officer of Gold Royalty Corp.
Mr. Griffith holds a Bachelor of Commerce from the University
of Cape Town and is a dual citizen of the U.S.
and Canada.
In connection with Mr. Griffith's appointment as a director, the
Company has granted Mr. Griffith stock options to purchase an
aggregate of 40,000 common shares of the Company at an exercise
price of $5.46 per share, pursuant to
the Company's Long-Term Incentive Plan. These stock options vest
over a period of eighteen months, and are exercisable for a period
of five years from issuance.
About Uranium Royalty Corp.
Uranium Royalty Corp. (URC) is the world's only pure-play
uranium royalty company and the only uranium focused business on
the Nasdaq. URC is focused on gaining exposure to uranium
prices by making strategic investments in uranium interests,
including royalties, streams, debt and equity investments in
uranium companies, as well as through holdings of physical uranium.
The Company recognizes the inherent cyclicality of valuations based
on uranium prices, including the impact of such cyclicality on the
availability of capital within the uranium sector and the current
historically low uranium pricing environment. 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.
Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this
release.
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SOURCE Uranium Royalty Corp.