| KATUSA SPECIAL SITUATIONS STOCK ALERT: |
Disseminated for Uranium Royalty Corp. (NASDAQ:UROY)
Nuclear power just vaulted from financial exile to the hottest investment on earth.
It was shunned by Wall St., buried by governments, and ignored by tech giants.
But now all three have a powerful problem that only nuclear can solve.
And they’re using their deep pockets to make nuclear work, once and for all.
When it comes to curing the power problem facing AI, tech giants are sparing no expense.
They’re spending billions buying the power behind entire nuclear reactors—and hundreds of billions to build out fleets of new nuclear reactors.
At the same time, global financial institutions are reversing decades-long bans on funding nuclear power.
The European Investment Bank just cracked open a half-trillion dollars in nuclear funding.¹
The World Bank followed suit, lifting its prohibition for the first time since 1959.²
The Asian Development Bank is now considering lifting its own ban on funding nuclear—with other global banks likely to follow.³
The U.S., Russia, and China see nuclear development as a matter of national security.
And nuclear power is fueled by one of the smallest, tightest commodity markets on Earth: URANIUM.⁴
One company set itself up years ago—near the market bottom.
To access a lion’s share of the spotlight with any future increase in the price of uranium.
HIGH RISK: **Disseminated on behalf of Uranium Royalty Corp**
| Uranium Royalty Corp. |
(UROY:NASDAQ | URC:TSX)
UROY is the only publicly traded pure-play royalty financier of uranium mines in the world.
And it has already positioned itself with royalties on producing mines as the rebirth of nuclear begins to take hold.
Current uranium production is barely sufficient for the nuclear reactor base, so any new reactors will require an increase in production.
Every new 1GW reactor requires significant amounts of uranium.
Already, more than 70GW of reactors are under construction.
That’s several new uranium mines needed immediately.
Restarting mines takes an incredible amount of money, and building a new uranium mine is extremely capital intensive:
The Husab mine in Namibia, for example, cost over $2B to build.⁵
Dozens of uranium mine developers need very large amounts of financing.
But they must often choose between two options…
Borrowing at high interest rates for a risky investment—or raising money by selling stock into a weak IPO market, diluting shareholders.
And those options are only available after years of permitting process approval.
Uranium Royalty Corp (NASDAQ:UROY) offers a Plan C.
Armed with the “royalty” model…
They make a small upfront investment in exchange for a long-term piece of potential mine returns.
Investors are focusing on nuclear with renewed interest.
And they’ll wake up to the fact that uranium is a BIG part of it.
In five years, Uranium Royalty has managed to capture 25 royalties on 22 uranium projects.⁶
That’s 25 income streams, zero reactor risk.
The UROY team is steady and disciplined, only picking the deals that they have high confidence in.
Over $220 million in cash and marketable securities with no debt. Based on their October 2025 presentation.
This is the world’s ONLY pure-play uranium royalty company.
With 2.38 million pounds of uranium in inventory as of Oct 2025.
I’m watching UROY closely.
Please review UROY’s most recent Annual Information Form and other filings under its profile at www.sedarplus.ca and www.sec.gov for important information on its business and assets.
Regards,
Marin Katusa and the KR Special Situations Team
¹ Financial Times. “EIB shifts on nuclear power under new leadership.” Financial Times, 2025.
² Reuters. “World Bank to end ban on nuclear energy projects, still debating upstream gas.” Reuters, 11 June 2025.
³ Financial Times. “Asian Development Bank considers lifting funding ban on nuclear power projects.” Financial Times, 2025.
⁴ International Atomic Energy Agency (IAEA). The Nuclear Fuel Cycle. Vienna: IAEA, 2019.
⁵ Namibian Uranium Association. Husab Mine. “The total investment for the Husab Mine is about US$5.2 billion, and more than US$2 billion was required to build the Mine.”
⁶ Uranium Royalty Corp. Corporate Presentation.
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In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Katusa Research partner company, New Era Publishing Inc. has received cash compensation in the amount of $1.25M from Uranium Royalty Corp and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the company’s SEDAR and SEC filings, press releases, and risk disclosures. The information contained herein regarding Uranium Royalty Corp. has been derived from its SEDAR+ and SEC filings, including scientific and technical information regarding its royalty assets which has been reviewed and approved by Darcy Hirsekorn, its Chief Technical Officer and is a professional geoscientist in Saskatchewan and a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects and is registered as a professional geoscientist in Saskatchewan. Information regarding the projects underlying Uranium Royalty Corp.’s interests has been derived from the publicly available disclosure of the underlying operators and owners, including where referenced herein.
Katusa Research, and its directors, employees, and members of their households directly own or may own shares of Uranium Royalty Corp (UROY/UROY.TSX). Therefore, Katusa Research is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
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