Uranium Royalty (UROY) said Monday it has acquired an existing royalty on the Millennium and Cree extension uranium projects in Saskatchewan, Canada, for $6 million in cash from a third-party industrial gas company.
The acquired royalty is a net profit interest of 10% on around 20.7% participating interest in the projects. The royalty becomes payable after the recovery of all qualifying preproduction expenditures.
The Millennium Project hosts an indicated resource of 75.9 million pounds U3O8 at 2.39% grade and an inferred resource of 29 million pounds U3O8 at 3.19% grade.
Cameco, the project operator, previously submitted an Environmental Impact Statement for a potential mine producing 150,000 to 200,000 metric tons of ore per year with a projected mine life of 10 years.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。