Lakewood, Colo. – September 17, 2026 -- Uranium Royalty Corp. (NASDAQ: UROY) reported net income of $16.3 million for the three months ended July 31, 2026, a 1530% increase from $1.0 million a year earlier, as physical uranium sales funded its landmark Sweetwater acquisition.
UROY sells 593,255 pounds of U3O8 at $86.00 per pound, beating market average
The company generated $51.0 million in revenue from the sale, above the $85.45/lb average of UxC Historical Ux Daily Prices for the same period. Cost of sales totaled $34.1 million, or approximately $57.40/lb. Diluted earnings per share rose 900% to $0.10, compared with $0.01 in the prior-year quarter.
Sweetwater deal makes UROY largest U.S. non-precious metal royalty platform
The July 2026 transaction expanded the company's land position to more than 5.3 million acres, making UROY the largest landowner in Wyoming and the second-largest publicly traded landowner in the United States. The deal also added trona and soda ash exposure alongside the company's core uranium royalty business.
Cameco and Paladin maintain or exceed production guidance at key assets
Cameco Corporation reiterated 2026 guidance of 17.5-18.0 million pounds at Cigar Lake and 14.0-16.5 million pounds at McArthur River/Key Lake, unchanged despite temporary disruptions. Paladin Energy Ltd. reported that its Langer Heinrich operation exceeded fiscal 2026 guidance, producing 4.82 million pounds against a 4.5-4.8 million pound target, with further growth outlined for 2027.
Soda ash operators positioned at low end of global cost curve
Despite macro headwinds facing the global soda ash industry, UROY's Wyoming-based royalty portfolio is concentrated among low-cost operators, keeping production relatively stable and supporting planned expansions.
Company leases 38,000 acres to test oil and gas potential
The leased acreage sits near established oil and gas production and represents an initial step in monetizing the expanded Sweetwater land holdings across critical minerals and energy development.
CEO Scott Melbye said the Sweetwater transaction transformed UROY into "the largest American publicly traded non-precious metal royalty and streaming platform," while the company remains the only uranium-focused royalty firm in its sector.