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.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.