Uranium Royalty Completes Acquisition of Additional Copyrights in Churchrock Uranium Project, New Mexico, USA

VANCOUVER, British Columbia, August 1, 2024 /CNW/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) (“URC” or “Business“) is pleased to announce the completion of the previously announced acquisition of an additional royalty for a portion of the Churchrock uranium project (“Churchrock Project“), indirectly owned by Laramide Resources Ltd. (“Laramide“) IN New MexicoUSA. The Churchrock Project is an advanced in-situ uranium recovery project located in the Grants mineral belt New Mexico, USA12 miles north-east of Gallup, New Mexico. Laramide has disclosed that the Churchrock Project and adjacent properties represent one of the largest and highest quality undeveloped ISR uranium projects in United States.

The royalty is structured as a gross overriding royalty of 6% of the “mine price” which provides for the recovery of reasonable and actual costs of transporting the mineral to the ultimate point of sale. The royalty covers 10 patented mining claims within Section 8 (640 acres) which include New Mexico Mineral Survey 2220 at the Churchrock Project.

Cash salary $3.5 million was paid by the Company to the sellers at the closing of the transaction.

About Uranium Royalty Corp.

Uranium Royalty Corp. is the world’s only uranium royalty and streaming company and the only NASDAQ-listed pure-play uranium company. URC provides investors with exposure to uranium commodity prices through strategic acquisitions of uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through interests in physical uranium. The Company is well positioned to provide capital to an industry that requires significant investment in global production capacity to meet the growing demand for uranium as fuel for carbon-free nuclear energy. URC has deep industry knowledge and experience to identify and evaluate investment opportunities in the uranium industry. The company’s management team and board of directors include individuals with decades of combined experience in the uranium and nuclear energy sectors, including expertise in mine financing, project identification and evaluation, mine development and uranium sales and trading.

Technical Disclosure Notice

Darcy HirsekornThe company’s Chief Technical Officer oversaw the preparation and reviewed the technical information contained in this press release. He holds a Bachelor of Science in Geology from the University of Saskatchewanis a qualified person within the meaning of National Instrument 43-101 Standards of Disclosure of Information about Mining Projects and is registered as a professional geologist in Saskatchewan.

Unless otherwise indicated, the scientific and technical information contained herein relating to the Churchrock Project is derived from Laramide’s public disclosures, copies of which are available under its SEDAR+ profile at www.sedarplus.ca.

Forward-looking statements

Certain statements in this press release may constitute “forward-looking information” and “forward-looking statements” as defined under applicable securities laws, including those regarding the Project operator’s disclosed expectations with respect to the Project. Forward-looking information includes statements that refer to or discuss activities, events or developments that the Company expects or anticipates may occur in the future. In this press release, words such as “estimates,” “expects,” “plans,” “anticipates,” “will,” “believes,” “intends,” “should,” “could,” “may” and other similar terms are intended to identify such forward-looking information. Statements that constitute 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 the actual results, performance or achievements of the Company and its industry may differ materially from those implied by such forward-looking statements. They should not be considered as guarantees of future performance or results and will not necessarily be an accurate indication of whether such results will be achieved. There are a number of factors that could cause actual results to differ materially from such forward-looking information, including, without limitation, the inability to complete the terms of the transaction announced herein, risks inherent in the royalty companies, volatility in uranium prices, risks related to the operators of the projects underlying the Company’s existing and proposed business interests and other risks described in documents filed with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. These risks, as well as others, could cause actual results and events to differ materially. Accordingly, readers should exercise caution in relying on forward-looking information, and the Company undertakes no obligation to publicly revise it to reflect subsequent events or circumstances, except as required by law.