Uranium Royalty net income climbs to $16.3m in fiscal Q1

Uranium Royalty Corp. sold 593,255 pounds of U3O8 for $51.0 million in the three months ended July 31, 2026, at an average realized price of about $86.00/lb, the company said on September 14. The average of the UxC Historical Ux Daily Prices published from May 1 through July 31, 2026 was $85.45/lb. Cost of sales was $34.1 million, or about $57.40/lb.

Net income was $16.3 million, up 1530% from $1.0 million in the same period of 2025. Diluted earnings per share were $0.10, compared with $0.01.

Part of the sale proceeds financed the Sweetwater acquisition, which closed in July 2026. Uranium Royalty said the transaction left it with one of the largest land positions in the U.S. Its total surface and mineral holdings exceed 5.3 million acres, making it the largest landowner in Wyoming and the second largest publicly traded landowner in the United States. About 38,000 acres were leased, with exploration work under way to assess oil and gas potential.

Cameco reiterated 2026 production guidance at Cigar Lake of 17.5-18.0 million lbs, unchanged despite temporary disruptions, and at McArthur River/Key Lake of 14.0-16.5 million lbs, Cameco said on July 31. Paladin Energy said Langer Heinrich produced 4.82 million lbs in its fiscal year 2026 against guidance of 4.5-4.8 million lbs, and outlined further growth into 2027, in an August 26 stock exchange announcement.

The results were filed in the company's Form 10-Q.