Uranium Royalty Corp.

Uranium Royalty Corp.

Uranium Royalty Corp. was founded in 2017 by uranium industry veteran Scott Melbye, who serves as CEO, alongside Chairman Amir Adnani, the founder of Uranium Energy Corp. The firm was structured to give equity investors dedicated exposure to uranium prices and mining-project upside without the cost overruns and permitting delays of mine operation. It functions as a pure-play financing vehicle, purchasing physical uranium for its own account and securing royalty, stream, and debt interests on development-stage projects across the United States and Canada. URC's dual deployment model mixes physical uranium accumulation with a portfolio of royalties. On the physical side, the company takes delivery of uranium and stores it at licensed conversion facilities — a direct, unlevered bet on the spot price. On the royalty side, URC holds net smelter returns and gross overriding royalties on projects including Uranium Energy Corp.'s Reno Creek and Energy Fuels' Alta Mesa in-situ recovery plants, as well as stakes in Langer Heinrich in Namibia and the McArthur River mine through a strategic partnership. In early 2024, URC completed a $34 million bought-deal financing (per the firm, February 2024), earmarked for additional physical uranium purchases and royalty acquisitions. The firm operates from Vancouver with a lean team of uranium-sector specialists. URC's financial partners have included major uranium investing entities, and the firm has completed multiple transactions with Uranium Energy Corp., creating a close strategic alignment between the royalty financier and the largest US-focused uranium producer. In February 2024, URC announced a strategic investment by Fairfax Financial Holdings, which provides a credit facility and equity participation (per the firm, February 2024), expanding its capital base for royalty acquisitions. URC's structural differentiator is its status as the only pure-play uranium royalty company listed on a major exchange — it marries the royalty-and-streaming model pioneered by firms like Wheaton Precious Metals and Franco-Nevada with a direct physical uranium holding strategy, meaning it captures both commodity-price upside and project-development optionality without ever operating a mine.