Earnings release
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Uranium Royalty Reports Results for the First Quarter of Fiscal Year 2027 Lakewood, Colorado – September 14, 2026 – Uranium Royalty Corp. (NASDAQ: UROY) ("UROY" or the "Company") is pleased to announce the filing of its operaƟng and financial results for the three months ended July 31, 2026. First Quarter Financial Highlights • The Company sold 593,255 pounds (lbs) of U3O8, generaƟng revenue of $51.0 million at an average realized price of approximately $86.00/lb. This was slightly above the average of the UxC Historical Ux Daily Prices published from May 1 through July 31, 2026, of $85.45/lb. The related cost of sales was $34.1 million, or approximately $57.40/lb. The proceeds from these sales were used, in part, to finance the Company's Sweetwater acquisiƟon in July 2026. This highlights the value of the Company’s physical uranium strategy, demonstraƟng the ability to moneƟze holdings to fund accreƟve transacƟons and support conƟnued growth. • Net income increased by 1530% to $16.3 million for the three months ended July 31, 2026, compared to $1.0 million for the three months ended July 31, 2025. • Diluted earnings per share increased by 900% to $0.10 for the three months ended July 31, 2026, compared to $0.01 for the same period in 2025. First Quarter OperaƟonal Highlights • Completed landmark Sweetwater transacƟon, creaƟng a leading diversified royalty plaƞorm: The successful compleƟon of the Sweetwater transacƟon materially enhanced the Company’s scale and long-term cash flow profile. The Company now holds one of the largest land posiƟons in the U.S., posiƟoning it to accelerate uranium-focused growth, while unlocking long-term opƟonality across criƟcal minerals, energy and industrial development. • Operator momentum supports uranium royalty porƞolio outlook: Key counterparƟes have largely maintained producƟon guidance across core assets. Cameco CorporaƟon (“Cameco”) reiterated its 2026 producƟon guidance at both Cigar Lake (17.5-18.0 million lbs, unchanged despite temporary disrupƟons) and McArthur River/Key Lake (14.0-16.5 million lbs, maintained), while Paladin Energy Ltd. ("Paladin") announced that Langer Heinrich exceeded its producƟon guidance for its fiscal year 2026 (4.82 million lbs vs guidance of 4.5-4.8 million lbs) and outlined further growth into 2027.(1) CollecƟvely, this underscores the resilient operaƟng performance and expected posiƟve growth for the Company's porƞolio. • Soda ash producƟon underpinned by low-cost operator posiƟoning: Operators across the Company’s Wyoming-based soda ash assets conƟnue to demonstrate resilient performance and expansion potenƟal. While the global soda ash industry conƟnues to face macro headwinds, the Company’s royalty porƞolio is concentrated with operators posiƟoned at the lower end of the global cost curve. As a result, producƟon across the Company’s assets has remained relaƟvely stable, with cost advantages supporƟng conƟnued operaƟons and planned expansions.
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• Unlocking addiƟonal value from Sweetwater land holdings: Approximately 38,000 acres were leased, with acƟve exploraƟon work being conducted to assess oil and gas potenƟal. Acreage is located near established oil and gas producƟon. UROY’s total land posiƟon (surface and minerals) exceeds 5.3 million acres, making the Company the largest landowner in Wyoming and the second largest publicly traded landowner in the United States. The scale and locaƟon of these holdings provide meaningful long-term potenƟal to unlock addiƟonal value through oil and gas, criƟcal minerals and other development opportuniƟes. ScoƩ Melbye, Chief ExecuƟve Officer of the Company, stated: “The successful compleƟon of the Sweetwater transacƟon marked a defining milestone for the Company, transforming us into the largest American publicly traded non-precious metal royalty and streaming plaƞorm with a strong long-term cash flow profile and one of the largest strategic land posiƟons in the United States. At the same Ɵme, we remain the only uranium-focused royalty company. By moneƟzing physical uranium at a realized price above the market average, we funded the Sweetwater acquisiƟon while delivering record net income of $16.3 million, and our uranium royalty counterparƟes, including Cameco at McArthur River and Cigar Lake, have largely maintained producƟon guidance, reinforcing the stability and visibility of our core porƞolio. Across our soda ash assets, all in Wyoming, our exposure to operators at the lower end of the global cost curve conƟnues to underpin resilient producƟon and durable cash flow from domesƟc industrial supply chains. Our land posiƟon adds further opƟonality. The lease of approximately 38,000 acres prospecƟve for oil and gas development is a first example of the value these holdings can unlock across criƟcal minerals and energy. We believe this combinaƟon of long-term cash flow, high-quality counterparƟes and strategic land provides a strong foundaƟon for sustained growth and value creaƟon." This news release should be read in conjuncƟon with the Company’s unaudited condensed consolidated financial statements and management’s discussion and analysis for the three months ended July 31, 2026, which are included in the Company’s Quarterly Report on Form 10-Q filed with the U.S. SecuriƟes and Exchange Commission. These documents are available under the Company's profile at www.sec.gov and on the Company’s website at www.UraniumRoyalty.com. All amounts are expressed in U.S. dollars unless otherwise noted. Note: 1. See Cameco news release dated July 31, 2026 and Paladin Stock Exchange Announcement dated August 26, 2026 About Uranium Royalty Corp. Uranium Royalty Corp. (NASDAQ: UROY) is the largest U.S. non-precious metal royalty and streaming plaƞorm with exposure to uranium, energy and industrial supply chains. UROY provides investors with
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uranium commodity price exposure through strategic acquisiƟons in uranium interests, including royalƟes, streams, debt and equity in uranium companies, as well as through the trading of physical uranium. Through a transformaƟonal combinaƟon with Sweetwater RoyalƟes in 2026, UROY substanƟally expanded and diversified its asset base, including interests in trona assets. UROY is also the second largest public company landowner in the U.S. and the largest landowner in Wyoming, providing significant long-term opƟonality across uranium, criƟcal minerals, energy and other development opportuniƟes. For further informaƟon: Investor RelaƟons: Toll Free: 1.855.396.8222 Email: info@uraniumroyalty.com Website: www.UraniumRoyalty.com Corporate Office: 141 Union Blvd, Suite #310, Lakewood, CO 80228 Phone: 604.396.8222 NoƟce to Investors For further informaƟon regarding the project updates regarding the mining properƟes underlying the Company's royalty interests, please refer to the disclosures of the operators thereof, including those referenced herein and the other disclosures of such operators. Certain informaƟon provided herein regarding the projects underlying the Company's royalty and other interests, including informaƟon about expected producƟon and other property developments, was provided to the Company by the operators of those properƟes or is publicly available informaƟon filed by these operators. The Company has not verified, and is not in a posiƟon to verify, and expressly disclaims any responsibility for the accuracy, completeness, or fairness of, this third-party informaƟon and refers the reader to the public reports filed by the operators for informaƟon regarding those properƟes. Forward-Looking Statements Certain statements in this news release may consƟtute "forward-looking informaƟon" within the meaning of Canadian securiƟes legislaƟon and "forward-looking statements" within the meaning of the United States Private SecuriƟes LiƟgaƟon Reform Act of 1995 (collecƟvely, "forward-looking statements"). Forward-looking statements include statements that address or discuss acƟviƟes, events or developments that the Company expects or anƟcipates may occur in the future. Forward-looking statements include, but are not limited to, statements with respect to expectaƟons and plans announced by operators of the Company's royalty and other interests, the anƟcipated benefits of the Sweetwater transacƟon, the Company's business plans and its expectaƟons regarding its business. When used in this news release, words such as "esƟmates", "expects", "plans", "anƟcipates", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to idenƟfy such forward-looking informaƟon. Statements consƟtuƟng forward-looking informaƟon reflect the current expectaƟons and beliefs of the Company's management. These statements involve significant uncertainƟes, known and unknown risks, uncertainƟes and other factors and, therefore, actual results, performance or achievements of the Company and its industry may be materially different from those implied by such forward-looking statements. They should not be read as a guarantee of future performance or results and will not necessarily be an accurate indicaƟon of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from such forward- looking informaƟon, including, without limitaƟon, risks inherent to royalty companies, market condiƟons, share price, uranium price volaƟlity and
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risks related to the operators of the projects underlying the Company's exisƟng and proposed interests and those other risks described in filings of the Company with Canadian securiƟes regulators and the U.S. SecuriƟes and Exchange Commission, including its most recent Annual Report on Form 10-K. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise cauƟon in relying upon forward-looking informaƟon and the Company undertakes no obligaƟon to publicly revise them to reflect subsequent events or circumstances, except as required by law.