Headquartered in Vancouver, Canada, Uranium Royalty Corp. (UROY) operates as a pure-play uranium royalty company. UROY recently announced a $30 million bought deal financing agreement. The company expects the proceeds from this offering to be used for future purchases of uranium and for future acquisitions.
The uranium market is upbeat because of strong demand and tight supplies expecting to prop up prices. Analysts expect the demand for uranium to be resilient because of the substance’s prospects in the “green” energy market.
