UROY

The board of directors of Uranium Royalty Corp unanimously recommends shareholders vote FOR the Arrangement Resolution. Your vote is important no matter how many shares you hold.

Uranium Royalty Corp. is rated a buy with a 12–18 month target of $4.50, reflecting its transformation into a cash-flowing royalty platform. The Sweetwater Royalties acquisition diversifies UROY into strategic minerals, providing stable, long-duration royalty cash flow and significant embedded growth optionality. UROY's structure offers leveraged uranium price exposure and strategic mineral ownership without operational mine risk or high sustaining capital requirements.

Creating a Cash-Flowing Royalty Leader with One of the Largest U.S. Land Positions, Offering Long-Term Potential Growth and Optionality Across Uranium and Critical Minerals at a Time of Renewed Focus on Domestic Supply Chains VANCOUVER, BC, April 16, 2026 /PRNewswire/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") to combine with entities owning a 92% interest in Sweetwater Royalties ("Sweetwater") from funds managed by Orion Resource Partners LP ("Orion") and the Ontario Teachers' Pension Plan ("Ontario Teachers'", together with Orion, the "Sellers") (the "Transaction"). The Transaction implies a 100% enterprise value for Sweetwater of approximately US$1.9 billion (based on US$625 million of debt outstanding as of April 1, 2026) and an attributable equity value to be acquired by URC of approximately US$1.1 billion.