Pure-play uranium royalty company Uranium Royalty (URC) has raised C$30-million in an initial public offering (IPO) and expects to start trading on the TSX-V this week.
The IPO consisted of the issuance of 20 000 000 units at $1.50 each, comprising one common share of the company and one common share purchase warrant.
URC’s common shares and warrants are expected to start trading on the TSX-V on December 11.
The company’s focus is to gain exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, as well as through holdings of physical uranium.