News

Uranium Royalty to Raise $22.9 Million for Royalty Acquisitions and Physical Uranium

1 Mins read

Uranium Royalty has announced its plans to raise $22.9 million through a bought deal financing agreement. This funding will be primarily used for royalty acquisitions and the purchase of physical uranium.

Bought Deal Financing Agreement

The company has entered into an agreement with a syndicate of underwriters, who have agreed to purchase 6.7 million common shares at a price of $3.40 per share. This will be done on a bought-deal basis.

Strong Performance and Closing Price

Over the past year, shares of Uranium Royalty have been performing well, with a growth rate of over 30%. As of Thursday, the closing price stood at $3.58.

Utilization of Proceeds

The proceeds from this financing agreement will be utilized by Uranium Royalty to fund future royalty acquisitions and the purchase of physical uranium.

Additional Offering

To cover any over-allotments, the company has also granted its underwriters the option to purchase up to an additional 15% of the offering. This option will remain valid for a period of 30 days following the closing of the original offering.

Related posts
News

N. Korean tech workers faked IDs for overseas defense jobs

1 Mins read
N. Korean tech workers faked IDs for overseas defense jobs. April. 03, 2025 07:50. by 남혜정기자 [email protected]. North Korean cyberattacks involving the…
News

School curriculum resources to teach children about risks of in-game purchases

3 Mins read
The Oak National Academy – an arm’s length body to help schools deliver curriculum content – has launched a package of teaching…
News

Endeavour Silver is Producing First Batch of Concentrate at the Terronera Mine; Remains on Track for Wet Commissioning in Early Q2

3 Mins read
VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) provides a…

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 6 = 13