None
SEDAR Interim Financial Statements
URC · Price
[
{
"companyName": "Uranium Royalty Corp.",
"reportingPeriodEnd": "2025-10-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"accountsReceivable": 63,
"shortTermInvestments": 9793,
"inventories": 189899,
"prepaidsAndOtherReceivables": 254,
"totalCurrentAssets": 272652,
"rightOfUseAssets": 161,
"royalties": 58765,
"totalNonCurrentAssets": 58926,
"totalAssets": 331578,
"accountsPayableAndAccruedLiabilities": 968,
"currentPortionOfLeaseLiability": 58,
"totalCurrentLiabilities": 1026,
"nonCurrentPortionOfLeaseLiability": 125,
"totalNonCurrentLiabilities": 125,
"totalLiabilities": 1151,
"issuedCapital": 303059,
"reserves": 3580,
"retainedEarnings": 20805,
"accumulatedOtherComprehensiveIncome": 2983,
"totalEquity": 330427,
"totalLiabilitiesAndEquity": 331578,
"cashPerShare": 0.5409,
"workingCapitalPerShare": 2.0257
},
"asAtApril302025": {
"cash": 12935,
"restrictedCash": 110,
"accountsReceivable": 42,
"shortTermInvestments": 7147,
"inventories": 217501,
"prepaidsAndOtherReceivables": 426,
"totalCurrentAssets": 238161,
"rightOfUseAssets": 189,
"royalties": 57719,
"totalNonCurrentAssets": 57908,
"totalAssets": 296069,
"accountsPayableAndAccruedLiabilities": 968,
"currentPortionOfLeaseLiability": 52,
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"nonCurrentPortionOfLeaseLiability": 157,
"totalNonCurrentLiabilities": 157,
"totalLiabilities": 1177,
"issuedCapital": 273952,
"reserves": 3359,
"retainedEarnings": 17226,
"accumulatedOtherComprehensiveIncome": 355,
"totalEquity": 294892,
"totalLiabilitiesAndEquity": 296069
}
},
"incomeStatement": {
"revenue": {
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"threeMonths2024": 10862,
"sixMonths2025": 33164,
"sixMonths2024": 10862
},
"royaltyRevenue": {
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"threeMonths2024": 41,
"sixMonths2025": 89,
"sixMonths2024": 41
},
"totalRevenue": {
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"threeMonths2024": 10903,
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"sixMonths2024": 10903
}
},
"costOfSales": {
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"sixMonths2025": -27866,
"sixMonths2024": -7998
},
"depletion": {
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"threeMonths2024": -30,
"sixMonths2025": -72,
"sixMonths2024": -30
},
"totalCostOfSales": {
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"threeMonths2024": -8028,
"sixMonths2025": -27938,
"sixMonths2024": -8028
}
},
"grossProfit": {
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"threeMonths2024": 2875,
"sixMonths2025": 5315,
"sixMonths2024": 2875
},
"expenses": {
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"threeMonths2024": -298,
"sixMonths2025": -625,
"sixMonths2024": -574
},
"officeAndAdministration": {
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"threeMonths2024": -1469,
"sixMonths2025": -3171,
"sixMonths2024": -2849
},
"professionalFeesAndInsurance": {
"threeMonths2025": -331,
"threeMonths2024": -471,
"sixMonths2025": -682,
"sixMonths2024": -800
},
"transferAgentAndRegulatoryFees": {
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"threeMonths2024": -223,
"sixMonths2025": -466,
"sixMonths2024": -349
},
"shareBasedCompensation": {
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"threeMonths2024": -292,
"sixMonths2025": -530,
"sixMonths2024": -381
},
"totalExpenses": {
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"threeMonths2024": -2753,
"sixMonths2025": -5474,
"sixMonths2024": -4953
}
},
"operatingIncomeLoss": {
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"threeMonths2024": 122,
"sixMonths2025": -159,
"sixMonths2024": -2078
},
"otherItems": {
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"sixMonths2025": 0,
"sixMonths2024": -312
},
"interestExpense": {
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"sixMonths2025": -7,
"sixMonths2024": -9
},
"interestIncome": {
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"threeMonths2024": 129,
"sixMonths2025": 381,
"sixMonths2024": 368
},
"gainOnDisposalOfShortTermInvestmentsNet": {
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"threeMonths2024": 0,
"sixMonths2025": 2350,
"sixMonths2024": 0
},
"netForeignExchangeGainLoss": {
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"threeMonths2024": -331,
"sixMonths2025": 657,
"sixMonths2024": -401
},
"totalOtherItems": {
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"threeMonths2024": -518,
"sixMonths2025": 3381,
"sixMonths2024": -354
}
},
"incomeLossBeforeTaxes": {
"threeMonths2025": 1757,
"threeMonths2024": -396,
"sixMonths2025": 3222,
"sixMonths2024": -2432
},
"deferredIncomeTaxRecoveryExpense": {
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"threeMonths2024": -32,
"sixMonths2025": 357,
"sixMonths2024": -154
},
"netIncomeLoss": {
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"threeMonths2024": -428,
"sixMonths2025": 3579,
"sixMonths2024": -2586
},
"otherComprehensiveIncomeLoss": {
"gainLossOnRevaluationOfShortTermInvestments": {
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"threeMonths2024": -178,
"sixMonths2025": 2646,
"sixMonths2024": -1499
},
"deferredTaxRecoveryExpenseOnShortTermInvestments": {
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"threeMonths2024": 32,
"sixMonths2025": -357,
"sixMonths2024": 154
},
"foreignCurrencyTranslationDifferences": {
"threeMonths2025": 245,
"threeMonths2024": 206,
"sixMonths2025": 339,
"sixMonths2024": 246
},
"totalOtherComprehensiveIncomeLoss": {
"threeMonths2025": 2154,
"threeMonths2024": 60,
"sixMonths2025": 2628,
"sixMonths2024": -1099
}
},
"totalComprehensiveIncomeLoss": {
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"threeMonths2024": -368,
"sixMonths2025": 6207,
"sixMonths2024": -3685
},
"weightedAverageSharesOutstanding": {
"basic": {
"threeMonths2025": 134541984,
"threeMonths2024": 121970820,
"sixMonths2025": 134089127,
"sixMonths2024": 121393943
},
"diluted": {
"threeMonths2025": 135079440,
"threeMonths2024": 121970820,
"sixMonths2025": 134387036,
"sixMonths2024": 121393943
}
},
"earningsLossPerShare": {
"basic": {
"threeMonths2025": 0.02,
"threeMonths2024": -0.00,
"sixMonths2025": 0.03,
"sixMonths2024": -0.02
},
"diluted": {
"threeMonths2025": 0.02,
"threeMonths2024": 0.00,
"sixMonths2025": 0.03,
"sixMonths2024": -0.02
}
}
},
"cashFlowStatement": {
"operatingActivities": {
"netIncomeLossBeforeTax": {
"sixMonths2025": 3222,
"sixMonths2024": -2432
},
"adjustments": {
"depreciation": {
"sixMonths2025": 28,
"sixMonths2024": 28
},
"depletion": {
"sixMonths2025": 72,
"sixMonths2024": 30
},
"interestExpense": {
"sixMonths2025": 7,
"sixMonths2024": 9
},
"financeCost": {
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},
"interestIncome": {
"sixMonths2025": -381,
"sixMonths2024": -368
},
"gainOnDisposalOfShortTermInvestmentsNet": {
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"sixMonths2024": 0
},
"shareBasedCompensation": {
"sixMonths2025": 530,
"sixMonths2024": 381
},
"netForeignExchangeGainLoss": {
"sixMonths2025": -657,
"sixMonths2024": 401
}
},
"changesInNonCashWorkingCapital": {
"accountsReceivable": {
"sixMonths2025": -21,
"sixMonths2024": 13777
},
"inventories": {
"sixMonths2025": 27866,
"sixMonths2024": -33796
},
"prepaidsAndOtherReceivables": {
"sixMonths2025": 174,
"sixMonths2024": 272
},
"accountsPayableAndAccruedLiabilities": {
"sixMonths2025": 0,
"sixMonths2024": 131
},
"otherPayables": {
"sixMonths2025": 0,
"sixMonths2024": -1519
}
},
"cashGeneratedFromUsedInOperatingActivities": {
"sixMonths2025": 28490,
"sixMonths2024": -22774
}
},
"investingActivities": {
"investmentInRoyalties": {
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"sixMonths2024": -11584
},
"interestReceived": {
"sixMonths2025": 381,
"sixMonths2024": 367
},
"investmentInShortTermInvestments": {
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"sixMonths2024": -350
},
"netProceedsFromSaleOfShortTermInvestments": {
"sixMonths2025": 36588,
"sixMonths2024": 0
},
"cashGeneratedFromUsedInInvestingActivities": {
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"sixMonths2024": -11567
}
},
"financingActivities": {
"proceedsFromAtTheMarketOfferingNetOfAgentsFeesAndIssuanceCosts": {
"sixMonths2025": 28130,
"sixMonths2024": 0
},
"proceedsFromCommonSharesIssuedUponExerciseOfWarrantsAndOptions": {
"sixMonths2025": 668,
"sixMonths2024": 7743
},
"proceedsFromShareIssuanceObligation": {
"sixMonths2025": 0,
"sixMonths2024": 240
},
"netProceedsFromFinancePayable": {
"sixMonths2025": 0,
"sixMonths2024": 18019
},
"paymentOfLeaseLiability": {
"sixMonths2025": -34,
"sixMonths2024": -31
},
"cashGeneratedFromFinancingActivities": {
"sixMonths2025": 28764,
"sixMonths2024": 25971
}
},
"effectOfExchangeRateChangesOnCash": {
"sixMonths2025": 657,
"sixMonths2024": 201
},
"netIncreaseDecreaseInCash": {
"sixMonths2025": 59598,
"sixMonths2024": -8169
},
"cashBeginningOfPeriod": {
"sixMonths2025": 12935,
"sixMonths2024": 21100
},
"cashEndOfPeriod": {
"sixMonths2025": 72533,
"sixMonths2024": 12931
}
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Common shares of Queen's Road Capital Investment Ltd., listed on TSX, held as strategic interest with less than 10% ownership.",
"ownershipPercentage": null,
"value": 9793,
"notes": "Designated as FVTOCI. Fair value as at October 31, 2025 is $9,793 thousand."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Aberdeen uranium project in Canada.",
"ownershipPercentage": null,
"value": 1044,
"notes": "2% gross revenue royalty. Seller retains right to buy back one-half of the royalty for $1,000 within six months following pre-feasibility study announcement."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Anderson, Slick Rock, and Workman Creek projects in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "1% net smelter return royalty for uranium."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Cigar Lake, McArthur River, and Dawn Lake projects in Canada.",
"ownershipPercentage": null,
"value": null,
"notes": "(i) 1% gross overriding royalty on ~9% share of uranium production from Orano's 30.195% interest in McArthur River; (ii) 10-20% sliding scale NPI on 3.75% share of Cigar Lake production; (iii) 10-20% sliding scale NPI on 7.5% share of Dawn Lake production."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Churchrock project in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "4% NSR on entire property and 6% gross overriding royalty on portion."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Dewey-Burdock project in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "30% net proceeds royalty and 2-4% gross value royalty on portion."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Energy Queen, San Rafael, and Whirlwind projects in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "1% gross value on Energy Queen, 2% NSR on San Rafael, 2-4% sliding scale gross value on Whirlwind."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Lance project in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "4% gross revenues on portion and additional 1% gross revenues on entire permitted area."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Langer Heinrich project in Namibia.",
"ownershipPercentage": null,
"value": null,
"notes": "A$0.12 per kg of yellow cake produced."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Michelin project in Canada.",
"ownershipPercentage": null,
"value": null,
"notes": "2% gross revenues royalty."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Millennium and Cree Extension projects in Canada.",
"ownershipPercentage": null,
"value": null,
"notes": "10% NPI on ~20.6955% participating interest."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Reno Creek project in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "0.5% NPI with max US$2.5 million payable."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Roca Honda project in the USA.",
"ownershipPercentage": null,
"value": null,
"notes": "4% gross revenues on portion; payor can buy royalty for US$5 million before first payment."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Roughrider, Russell Lake, and Russell Lake South projects in Canada.",
"ownershipPercentage": null,
"value": null,
"notes": "1.98% NSR royalty."
},
{
"type": "Mineral/Resource Properties",
"description": "Royalty on Salamanca project in Spain.",
"ownershipPercentage": null,
"value": null,
"notes": "0.375% NSR royalty."
}
],
"shareStructure": {
"authorizedShares": "unlimited common shares and unlimited preferred shares",
"issuedShares": 138352709,
"classesOfShares": ["common", "preferred"],
"warrants": [],
"options": [
{
"number": 397550,
"exercisePrice": 2.92,
"expiryDate": null
},
{
"number": 1323088,
"exercisePrice": 3.56,
"expiryDate": null
},
{
"number": 23000,
"exercisePrice": 4.21,
"expiryDate": null
},
{
"number": 373200,
"exercisePrice": 5.83,
"expiryDate": null
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonths2025": {
"managementSalaries": 111,
"directorsFees": 56,
"shareBasedCompensation": 316,
"total": 483
},
"threeMonths2024": {
"managementSalaries": 97,
"directorsFees": 47,
"shareBasedCompensation": 195,
"total": 339
},
"sixMonths2025": {
"managementSalaries": 243,
"directorsFees": 114,
"shareBasedCompensation": 377,
"total": 734
},
"sixMonths2024": {
"managementSalaries": 194,
"directorsFees": 93,
"shareBasedCompensation": 243,
"total": 530
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Issued 2,875,674 ATM Shares under the ATM Program for aggregate gross proceeds of $15.2 million (US$10.8 million) on Nasdaq, with net proceeds of US$10.7 million. Agents' commissions of approximately US$0.2 million were paid.",
"impactValue": 15200
}
]
}
]
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