Uranium Royalty Corp. Finalizes Landmark Sweetwater Merger

The newly restructured entity, operating as New URC, now commands approximately 850,000 acres of fee surface rights and 4.5 million acres of mineral rights. This transition, approved by the Supreme Court of British Columbia on July 23, positions the company as the second-largest public landowner in the United States outside of real estate investment trusts. The deal merges the company’s existing uranium-focused royalty portfolio with the Sweetwater package, which includes five currently operating mines in Wyoming’s Green River Basin.

CEO Scott Melbye stated that the expanded land position provides the company with vital optionality for both uranium and critical mineral development. To support this growth, New URC secured a US$50 million revolving credit facility from the Bank of Montreal, drawing US$40 million to facilitate the transaction. Shares of the new entity are set to commence trading on the NASDAQ on July 28, 2026, while concurrently delisting from the Toronto Stock Exchange. The merger also introduces Orion and the Ontario Teachers' Pension Plan as major shareholders, marking a shift in the firm’s capital structure as it looks toward long-term production expansions in its trona operations.