Uranium Royalty: An Inferior Way To Get Uranium Exposure

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Atlas Equity Research


  • UROY markets itself as a royalty, yet currently very little revenue comes from royalties.
  • There's an uncertainty regarding when most of the agreements will start bringing cash.
  • There are over 1.5M lbs of U3O8 on the balance sheet worth around US$78M.
  • I think that there are better ways to get uranium exposure.

uranium nitrate called uranyl, with uranium ore, radioactive material on isolated white background


Uranium Royalty Corp. (NASDAQ:UROY) is trying to bring the royalty and streaming model, which has been successful in other commodities, into the uranium space. Being a first mover into a particular business segment could prove to be an advantage, but on the


UROY's portfolio ((UROY))


Capital structure ((UROY))


Portfolio Overview ((UROY))


UROY's flagship agreements ((UROY))

Data by YCharts

This article was written by

Atlas Equity Research profile picture
Focused on value plays, preferably with a near term catalyst and/or improving market conditions. My approach is grounded on the fundamentals of the business, emphasizing its ability to generate cash and withstand unfavorable economic environment.   * Associated with Insight Analytics

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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