Added to YB: 2026-07-29
Pitch date: 2026-07-27
UROY [bullish]
Uranium Royalty Corp.
+63.64%
current return
Author Info
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Company Info
Uranium Royalty Corp. operates as a uranium and land royalty company in Canada. It engages in acquiring and assembling a portfolio of royalties; investing in companies with exposure to uranium and physical uranium; and the purchase and sale of physical uranium.
Market Cap
$1.8B
Pitch Price
$2.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
31.18
P/E
16.64
EV/Sales
8.46
Sector
Metals and Mining
Category
special_situation
The (New) Uranium Royalty Corp.: Cash for Ash With Yellowcake For Dessert
UROY: Uranium Royalty Corp merging with 92% of Sweetwater Royalties into US-domiciled New URC (NASDAQ), avoiding PFIC. Combines cash-flowing Wyoming trona/soda ash land estate (TPL-like, world's largest deposit, 850K surface/4.5M mineral acres) with pre-rev uranium royalties. Deal at $1.1bn (23-34x EBITDA); combined EV/EBITDA 26.7-42x vs author's fair 15-20x. Highly levered 8.8-13.7x Debt/EBITDA, ~0.91x interest coverage, Jan 2027 bridge refi looms. Soda ash at 'generational lows,' China oversupply. Levered call option on trona recovery; size accordingly.
Read full article (11 min)