Uranium Royalty Corp. Shareholders Face July Vote on US$1.14 Billion Deal

The proposed transaction, to be finalized under the Canada Business Corporations Act, will see the creation of a new parent entity, New URC. This entity will consolidate the company's existing operations with a 92% stake in the Sweetwater Entities, which hold extensive land and royalty assets across Wyoming, Utah, and Colorado. Under the terms of the deal, the Sweetwater Investors are set to receive approximately US$330 million in cash and over 223 million New URC shares.

Management and the board have unanimously endorsed the arrangement, citing the potential for immediate cash flow and the strategic acquisition of one of the largest private land packages in the United States. Following the deal, the company expects to gain significant scale, with the Sweetwater holdings providing exposure to both soda ash production and potential uranium exploration. Shareholders of record must cast their votes by the designated meeting date, with a court-approved fairness review required to move forward. Eligible Canadian shareholders seeking to receive exchangeable shares instead of standard New URC shares must file the necessary documentation by 5:00 p.m. ET on July 23, 2026.