HomeUraniumUranium Royalty Corp. Publishes First-Ever Sustainability Report

Uranium Royalty Corp. Publishes First-Ever Sustainability Report

Uranium Royalty Corp. (URC) stands out as the sole uranium-focused royalty and streaming company listed on the NASDAQ, offering investors exposure to uranium commodity prices. URC‘s portfolio includes strategic acquisitions in uranium interests like royalties, streams, debt, equity in uranium companies, and physical uranium trading.

The company, trading as (NASDAQ: UROY, TSX: URC), recently released its inaugural 2023 Sustainability Report. It outlines URC’s sustainability approach, performance, and future goals, including the following highlights:

  • Strengthening due diligence processes, with 100% of deals reviewed using an enhanced sustainability approach.
  • Enhancing corporate risk management practices.
  • Approving Sustainability, Anti-Corruption, and Corporate Disclosure Policies, emphasizing sustainability commitment and robust governance.
  • Achieving 33% diversity in both female and ethnically diverse representation in executive management.
  • Contributing approximately $48,000 to local community programs.

Scott Melbye, URC’s CEO, expressed pride in presenting the report, emphasizing their 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 offers 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 diligently selects operators sharing values of responsible environmental stewardship and robust community support, striving to foster long-term relationships based on these principles.

Uranium For A Net Zero World

According to the World Nuclear Association, tripling of nuclear generation is what the world needs to achieve carbon reduction goals and meet growing global energy demand. 

For the International Energy Agency, the nuclear industry has to double in size over the next 2 decades to meet net zero emissions targets. And according to McKinsey’s forecast, nuclear power generation needed in 2050 is massive. 

Nuclear Power Requirement in 2050

Currently, there are only 400+ nuclear reactors in operation worldwide. But 90 nuclear reactors are on order or planned globally, with 300+ more in the proposal stage.

And as nations strive to reduce carbon emissions, nuclear power presents a viable option for a large-scale energy source. Emerging economies in Asia are investing heavily in nuclear power. China and India, in particular, are considering nuclear energy for powering up energy grids, pumping up demand for uranium. 

Nuclear energy will play a major role in the global energy mix as the world moves towards net zero. And Uranium Royalty Corp is at the forefront in revolutionizing how business is done in the uranium sector. It is the only business 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 toward nuclear power for achieving net zero goals, URC is ready to lead the charge in using uranium for a sustainable future.

Disclosure: Owners, members, directors and employees of carboncredits.com have/may have stock or option position in any of the companies mentioned: UROY

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article

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