Jaguar8 commented on a stock · Oct 28, 2024 18:31

NEWS

Uranium Royalty Acquires Existing Royalty on Cameco's Advanced Stage Millennium and Cree Extension Uranium Projects

Uranium Royalty Corp (NASDAQ: UROY)has acquired a royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan for $6 million. The acquired royalty is a 10% net profit interest on a 20.6955% participating interest in the Projects. The Millennium Project, operated by Cameco, contains Indicated Resources of 75.9 million pounds U3O8 at 2.39% grade and Inferred Resources of 29.0 Mlbs U3O8 at 3.19% grade. The project previously had an Environmental Impact Statement application in 2009 proposing production of 150,000-200,000 tonnes of ore annually with a 10-year mine life. The acquisition provides URC exposure to 12,800 hectares in the Athabasca Basin.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more