Uranium Royalty Corp. (UROY), Tuesday announced an agreement to acquire royalty on Canada-based Aberdeen Uranium Project, which is operated by Forum Energy Metals Corp., for a cash payment of C$1 million.
Notably, Forum will retain the right to repurchase 0.5 percent for the same amount within six months of a successful pre-feasibility study. However, this right will expire seven years after issuance.
The transaction, funded with existing cash facility, is expected to complete by the end of May 2025.
In the pre-market hours, UROY is climbing 3.86 percent, to $2.42 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.