Uranium Royalty Corp. reported net income of $16.3 million for the first quarter of fiscal year 2027 ended July 31, 2026, marking an increase from $1.0 million for the same period in fiscal 2025. Diluted earnings per share rose to $0.10, compared to $0.01 in the prior-year period.

During the quarter, the company sold 593,255 pounds of U3O8, generating $51.0 million in revenue at an average realized price of approximately $86.00 per pound against a cost of sales of $34.1 million, or approximately $57.40 per pound. Proceeds from these physical uranium sales contributed to financing the Sweetwater acquisition completed in July 2026. Under that transaction, originally agreed in April 2026, Uranium Royalty acquired Sweetwater Royalties in a transaction valued at $1.1 billion, consisting of $330 million in cash and $813 million in newly issued stock.

The transaction expanded Uranium Royalty’s total surface and mineral land position to over 5.3 million acres, positioning it as the largest landowner in Wyoming and the second largest publicly traded landowner in the United States. The company leased approximately 38,000 acres of these land holdings during the period to assess oil and gas potential.

“At the same time, we remain the only uranium-focused royalty company. By monetizing physical uranium at a realized price above the market average, we funded the Sweetwater acquisition while delivering record net income of $16.3 million, and our uranium royalty counterparties, including Cameco at McArthur River and Cigar Lake, have largely maintained production guidance, reinforcing the stability and visibility of our core portfolio.”

— Scott Melbye, Chief Executive Officer

Read the full announcement: Uranium Royalty Reports Results for the First Quarter of Fiscal Year 2027