09:01 AM EDT, 05/27/2025 (MT Newswires) -- Uranium Royalty ( UROY ) said Tuesday it entered a deal to acquire a 2% gross revenue royalty on the Aberdeen uranium project in Nunavut, Canada for 1 million Canadian dollars ($726,500).

The project is operated by Forum Energy Metals, which retains the right to buy back a quarter of the royalty for CA$1 million for a period of six months after a successful pre-feasibility study, the company said.

The deal is expected to close by the end of May, Uranium Royalty ( UROY ) said.

Shares were over 3% higher in recent premarket activity.