Uranium Royalty Completes Landmark Sweetwater Transaction Creating Leading Uranium and Land Royalty Company

Uranium Royalty Corp. (NASDAQ: UROY) has successfully completed its plan of arrangement transaction, merging with the Sweetwater Entities to form a new entity, referred to as New URC. The transaction, finalized on July 27, 2026, involves an undisclosed deal value and positions New URC as a leading player in the uranium and land royalty sector. This merger is expected to significantly enhance the company's scale and visibility within the market.

The combination with the Sweetwater Entities brings to New URC a well-established and cash-flowing royalty portfolio, which is supported by industry-leading mine lives and experienced operators. With this arrangement, New URC becomes the second largest public company landowner in the United States, excluding real estate investment trusts, and the largest in Wyoming, holding approximately 850,000 acres of fee surface rights and around 4.5 million acres of mineral rights. This extensive land position not only strengthens New URC's operational footprint but also provides significant optionality for future uranium exploration, particularly in Wyoming, which is recognized as a leading state for uranium production and resources.

Strategically, the merger is expected to bolster New URC's balance sheet and facilitate its pursuit of additional uranium royalty acquisitions. The arrangement is projected to be accretive to net asset value, cash flow, and earnings per share, thereby enhancing shareholder value. Furthermore, the transaction introduces a robust growth profile, with existing soda ash operations poised for expansion that could increase production capacity by over 60% without necessitating additional capital investment. This growth potential, coupled with opportunities in oil and gas leasing, critical minerals, and renewable energy development, positions New URC for long-term success.

The merger also reflects broader trends in the mining sector, particularly the growing emphasis on domestic production of critical minerals in response to increasing demand for nuclear energy. As global energy policies shift towards more sustainable and low-carbon sources, uranium is likely to play a pivotal role in meeting future energy needs. The strategic positioning of New URC, with its substantial landholdings and cash-generating assets, aligns well with these market dynamics and enhances its competitive advantage in the evolving landscape of the mining sector.

In conclusion, the completion of this transaction marks a significant milestone for Uranium Royalty Corp. and sets the stage for enhanced operational capabilities and market presence. As New URC moves forward, it is well-positioned to capitalize on growth opportunities in the uranium sector, driven by favorable market conditions and supportive policy initiatives aimed at expanding domestic production. The implications of this merger extend beyond the company itself, potentially influencing market dynamics and investment strategies within the broader mining industry.