Uranium Royalty Corp. ("URC"; NASDAQ: UROY, TSX: URC), described as the world's only uranium-focused royalty and streaming company, is combining with entities holding an approximately 92% interest in Sweetwater Royalties LLC. On April 16, 2026, Uranium Royalty Corp. announced that it entered into an arrangement agreement to combine with entities owning a 92% interest in Sweetwater Royalties LLC from funds managed by Orion Resource Partners LP and the Ontario Teachers' Pension Plan. The Sweetwater assets are trona (natural soda ash) royalty interests and landholdings across Wyoming, Utah and Colorado, which also carry uranium-exploration optionality. Under the deal, URC and Sweetwater combine under a newly formed, U.S.-domiciled (Delaware) parent, also called Uranium Royalty Corp. ("New URC"), which will apply to list on the Nasdaq Capital Market. Orion and Ontario Teachers will receive approximately US$330 million in cash and US$813 million in new URC shares (223,252,749 shares at a deemed US$3.64 each). To fund part of the cash portion, Uranium Royalty closed a $40 million private placement with Uranium Energy Corp., with subscription receipts priced at $3.64 each. At a special meeting held July 20, 2026, shareholders voted approximately 99.43% in favor of the arrangement. The transaction still requires Supreme Court of British Columbia approval plus stock-exchange and regulatory clearances before closing. Andy Marshall steps down as CFO effective July 29, 2026, with Eason Chen appointed interim CFO.