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Uranium Royalty Corp. (TSX: URC) Acquires 2.0% Gross Royalty on Aberdeen Uranium Project for CAD$1 Million
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Highlights
Uranium Royalty Corp. (URC) has entered into an agreement to acquire a 2.0% gross overriding royalty on the Aberdeen Uranium Project in Nunavut, Canada. The royalty will be purchased for CAD$1,000,000 in cash, funded from URC’s existing cash reserves. The deal is expected to close by the end of May 2025.
The Aberdeen Project is wholly owned and operated by Forum Energy Metals Corp. and is located approximately 100 km west of Baker Lake in the northeast Thelon Basin. The region is considered geologically similar to Saskatchewan’s Athabasca Basin and is regarded as an emerging uranium district.
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