Uranium Royalty rises after deal to acquire royalty of Aberdeen Uranium project

Forum Energy Metals

27/05/2025 12:37

** U.S.-listed shares of Uranium Royalty URC.TO, UROY.O up 3.9% at $2.42 premarket

** Company acquires new royalty on Nunavut, Canada-based Aberdeen Uranium Project operated by Forum Energy Metals Corp FMC.V for C$1 million

** URC says FMC will retain right to repurchase 0.5% of offer within six months of pre-feasibility study, adding this right will expire seven years after issuance

** Shares also rise after U.S. President Donald Trump on Friday signed executive orders seeking to jumpstart nuclear industry

** Transaction is expected to close by end of May 2025

** As of last close, shares are up 6% YTD

($1 = 1.3759 Canadian dollars)

 (Reporting by Katha Kalia in Bengaluru)

 ((Katha.Kalia@thomsonreuters.com))