Vancouver, British Columbia, Canada, May 27th, 2025 – Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) ("URC" or the "Company") is pleased to announce that it has entered into an agreement to acquire a new royalty on the Aberdeen Uranium Project in Nunavut, Canada (the “Project”) operated by Forum Energy Metals Corp. (“Forum”).

Highlights:

2.0% Gross Overriding Royalty Acquired for CAD$1 Million: URC will acquire the royalty for a cash payment of CAD$1,000,000 at closing, which is scheduled to occur by the end of May 2025. The transaction will be funded from cash on hand. Forum retains the right to repurchase 0.5% for CAD$1,000,000 within six months of a successful pre-feasibility study; this right expires seven years after issuance. Strategic Location: Aberdeen is directly adjacent to the west of the Orano-operated Kiggavik Project, which hosts over 132 million pounds of U?O? in Indicated and Inferred Resources, making it one of the largest undeveloped uranium projects globally. (1) Highly Prospective Ground: Aberdeen covers more than 95,000 hectares in the underexplored Thelon Basin—Canada’s emerging analogue to the Athabasca Basin in Saskatchewan. Drilling to date has returned high-grade results, including:
1.15% U?O? over 2.4 metres
0.62% over 17.9 metres
0.11% U?O? over 35.3 metres (2)

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https://www.uraniumroyalty.com/news/uranium-royalty-corp-acquires-royalty-on-forum-energy-metals-aberdeen-uranium-project-in-canada