Uranium Royalty Corp. Obtains Shareholder Approval for Arrangement and Provides Corporate Update
Uranium’s deal approval clears the path for a U.S. listing and soda ash cash flow infusion.
Uranium Royalty Corp. (URC) has secured 99.43% shareholder approval for its previously announced plan of arrangement to acquire approximately 92% interest in trona royalty assets and landholdings from the Sweetwater Investors, comprising Orion Resource Partners and Ontario Teachers' Pension Plan. The transaction will combine URC and the Sweetwater Entities under a newly formed Delaware parent company, "New URC."
Completion of the deal is subject to a final court order from the Supreme Court of British Columbia and customary closing conditions, with an expected closing date of July 27, 2026. New URC common stock is scheduled to list on NASDAQ on July 28, 2026, with delisting from the TSX occurring simultaneously.
In conjunction with the transaction, Andy Marshall will step down as CFO effective July 29, 2026, and Eason Chen has been appointed Interim CFO. No new production guidance, cost updates, or financial targets were provided in this release.
Shareholder approval marks a procedural milestone that de-risks the closing of the $1.14 billion transaction. The vote confirms management’s ability to secure overwhelming backing despite the deal’s highly dilutive nature, with the pro forma share count increasing from approximately 148 million to approximately 382 million.
The market’s reaction—trading near 52-week lows following the April announcement—suggests investors are pricing in the near-term dilution, the jurisdictional shift to a U.S. listing, and the transition to a debt-funded soda ash platform. The news represents routine execution of a previously announced deal and does not introduce new fundamental value or operational changes.
Uranium Royalty Corp. (URC) is a Canadian-based royalty and streaming company focused on uranium, soda ash, and renewable energy assets. The company holds a diversified portfolio of producing and development-stage uranium royalties, including Cigar Lake, McArthur River, Lance, and Churchrock, alongside physical uranium inventory.
The upcoming combination with Sweetwater Royalties will transform URC into a U.S.-domiciled entity, referred to as "New URC," with a massive land position in the Green River Basin. This transaction adds high-margin soda ash royalties and renewable energy optionality to the portfolio. Management is led by CEO Scott Melbye, with a board that includes representatives from Orion Resource Partners and Ontario Teachers' Pension Plan.