Uranium Royalty shareholders approve trona royalty asset deal

Uranium Royalty Corp. (NASDAQ: UROY) said shareholders approved its plan of arrangement involving the acquisition of trona royalty assets and landholdings in Wyoming, Utah, and Colorado from entities affiliated with Orion Resource Partners and HRG Metals LP, a subsidiary of the Ontario Teachers' Pension Plan.

Approximately 99.43% of outstanding shares voted in favor of the arrangement at the shareholder meeting. Under the deal, the sellers agreed to contribute and sell their approximately 92% interest in entities holding those assets to a newly formed Delaware-incorporated parent company called New URC.

Completion of the arrangement remains subject to a final order from the Supreme Court of British Columbia and the satisfaction of customary closing conditions. The arrangement is expected to close on or about July 27, 2026.

New URC's common stock is expected to begin trading on the Nasdaq Stock Market on or about July 28, 2026. On the same date, the company's common shares are expected to be delisted from the Toronto Stock Exchange, and the company expects to cease being a reporting issuer in Canada.

The company also announced that Andy Marshall will step down as Chief Financial Officer effective July 29, 2026. Eason Chen will be appointed Interim Chief Financial Officer at that time.

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