Uranium Royalty rises after deal to acquire royalty of Aberdeen Uranium project

ReutersMay 27, 2025 11:37 AM

U.S.-listed shares of Uranium Royalty URC.TO, UROY.O up 3.9% at $2.42 premarket

Company acquires new royalty on Nunavut, Canada-based Aberdeen Uranium Project operated by Forum Energy Metals Corp FMC.V for C$1 million

URC says FMC will retain right to repurchase 0.5% of offer within six months of pre-feasibility study, adding this right will expire seven years after issuance

Shares also rise after U.S. President Donald Trump on Friday signed executive orders seeking to jumpstart nuclear industry

Transaction is expected to close by end of May 2025

As of last close, shares are up 6% YTD

($1 = 1.3759 Canadian dollars)

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