Uranium Royalty to combine with Sweetwater Royalties in US$1.9 billion deal

• Uranium Royalty entered arrangement agreement to combine with entities holding 92% of Sweetwater Royalties, owned by funds managed by Orion Resource Partners and Ontario Teachers’ Pension Plan.
• Transaction implies Sweetwater enterprise value of about USD 1.9 billion, based on USD 625 million of debt outstanding as of April 1, 2026.
• Sellers expected to receive about USD 330 million cash, plus USD 813 million in shares of newly formed US-domiciled parent Uranium Royalty at deemed value USD 3.64 per share.
• Combined group to sit under new parent that plans Nasdaq Capital Market listing, with Uranium Royalty shareholders exchanging each share for one share of new parent.
• Uranium Energy agreed to buy USD 40 million of subscription receipts at USD 3.64 to help fund cash consideration, implying about 8% ownership in new parent at closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Uranium Royalty Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-019420), on April 29, 2026, and is solely responsible for the information contained therein.