Uranium Royalty Corp. (URC), the only uranium-focused royalty and streaming company listed on the NASDAQ, is providing investors with exposure to uranium commodity prices. URC’s portfolio consists of strategic acquisitions in uranium interests such as royalties, streams, debt, equity in uranium companies, and physical uranium trading.
URC, which trades as (NASDAQ: UROY, TSX: URC), recently released its inaugural 2023 Sustainability Report. The report highlights URC’s sustainability approach, performance, and future goals. Some of the key highlights include strengthening due diligence processes, enhancing corporate risk management practices, and approving Sustainability, Anti-Corruption, and Corporate Disclosure Policies. URC is committed to sustainability and robust governance, with a goal of achieving 33% diversity in both female and ethnically diverse representation in executive management. The company has also contributed approximately $48,000 to local community programs.
Scott Melbye, CEO of URC, expressed pride in presenting the report, emphasizing the company’s position as the sole uranium royalty company. URC has a growing portfolio of 20 interests across 18 uranium projects in key jurisdictions. By applying a successful royalty and streaming model to the uranium sector, URC provides vital capital to uranium mining companies, supporting a cleaner future through carbon-free nuclear energy. Melbye stressed URC’s role in promoting sustainability and innovation in mining. The company carefully selects operators who share values of responsible environmental stewardship and robust community support, aiming to foster long-term relationships based on these principles.
According to the World Nuclear Association, tripling nuclear generation is necessary to achieve carbon reduction goals and meet growing global energy demand. The International Energy Agency also states that the nuclear industry must double in size over the next two decades to meet net zero emissions targets. McKinsey’s forecast indicates a massive need for nuclear power generation by 2050. Currently, there are only over 400 nuclear reactors in operation worldwide. However, 90 nuclear reactors are on order or planned globally, with over 300 more in the proposal stage. As nations strive to reduce carbon emissions, nuclear power presents a viable option for a large-scale energy source. Emerging economies in Asia, particularly China and India, are heavily investing in nuclear power, driving up demand for uranium.
Nuclear energy will play a significant role in the global energy mix as the world moves towards net zero. Uranium Royalty Corp is at the forefront of revolutionizing how business is conducted in the uranium sector. It is the only company leveraging innovative deals involving uranium. URC’s strategic approach aims to support cleaner, carbon-free nuclear energy while fostering long-term relationships based on sustainability principles. As the world looks towards nuclear power to achieve net zero goals, URC is ready to lead the charge in utilizing uranium for a sustainable future.
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