Uranium Energy Corp. Amends 13D, Maintains UROY Stake

TL;DR

**UEC is still a major holder of UROY shares, keeping a close eye on their uranium royalty play.**

AI Summary

Uranium Energy Corp. (UEC) filed an amendment to its Schedule 13D on February 9, 2024, indicating its continued significant ownership in Uranium Royalty Corp. (UROY). This filing, Amendment No. 3, updates previous disclosures regarding UEC's stake in UROY's common shares. For investors, this matters because UEC remains a major shareholder, suggesting a continued strategic interest in UROY's performance and potentially influencing its future direction or market perception.

Why It Matters

This filing confirms Uranium Energy Corp.'s ongoing substantial ownership in Uranium Royalty Corp., signaling its continued strategic interest and potential influence over the company.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, indicating a stable or slightly adjusted position rather than a new, volatile event.

Analyst Insight

Investors should note Uranium Energy Corp.'s continued stake in Uranium Royalty Corp. as a potential indicator of long-term strategic alignment or interest in the uranium sector, but this filing itself doesn't suggest immediate action.

Key Players & Entities

• Uranium Energy Corp. (company) — the reporting person and significant shareholder
• Uranium Royalty Corp. (company) — the subject company whose shares are being reported
• February 9, 2024 (date) — the date of the event requiring this filing
• 91702V101 (other) — the CUSIP number for Uranium Royalty Corp.'s common shares

FAQ

Key Financial Figures

• $3.40 — on Shares of the Issuer at a price of US$3.40 per Common Share pursuant to a bought d

Filing Documents

• sch13da3uec1.htm (SC 13D/A) — 36KB
• 0001183740-24-000016.txt ( ) — 38KB

Security and Issuer

Item 1. Security and Issuer This statement constitutes Amendment No. 3 to the Schedule 13D relating to the voting Common Shares, without a par value, of Uranium Royalty Corp., a corporation organized under the federal laws of Canada (the " Issuer "), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission on May 26, 2021 (the " Initial Schedule 13D "), the Amendment No. 1 to the Initial Schedule 13D filed on May 26, 2021, and the Amendment No. 2 to the Initial Schedule 13D filed on October 19, 2023. The Issuer maintains its principal executive office at 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, Canada, V6E 4A2.

Identity and Background

Item 2. Identity and Background (a) Name: This statement is filed by Uranium Energy Corp. (the " Reporting Person "). All decisions with respect to securities of the Issuer (including investments decisions with respect thereto and decisions relating to the voting thereof) are made by the board of directors of the Reporting Person. (b) Residence or Business Address: The Reporting Person's address is 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, Canada, V6E 4A2. (c) Present Principal Business or Occupation: The Reporting Person's business focuses on uranium exploration and development in the United States, Canada and Paraguay. The Reporting Person's business activities may include the acquisition of physical uranium warehoused in the United States, the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for predetermined royalties or distributions, and the acquisition of all or part of one or more related businesses, portfolios or other assets. (d) Criminal Proceedings: During the last five years, the Reporting Person has not been convicted in any criminal proceeding. (e) Civil Proceedings: During the last five years, the Reporting Person has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, there was or is a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Place of Organization or Citizenship: The Reporting Person is a corporation organized under the laws of the State of Nevada. Page 3

Source and Amount of Funds or Other Considerations

Item 3. Source and Amount of Funds or Other Considerations On February 9, 2024, the Reporting Person acquired 1,047,614 Common Shares of the Issuer at a price of US$3.40 per Common Share pursuant to a bought deal public offering by the Issuer.

Purpose of Transaction

Item 4. Purpose of Transaction See Item 3 above. The Reporting Person, an insider of the Issuer, purchased 1,047,614 Common Shares in order to maintain its current proportionate interest in the Issuer. The Reporting Person reserves the right to formulate other plans or make other proposals and take other actions with respect to its interest in the Issuer. Depending on market conditions and other factors, the Reporting Person may acquire or dispose of securities of the Issuer as the Reporting Person may deem appropriate, whether in open market purchases or sales, privately negotiated transactions or otherwise. The Reporting Person continues to evaluate numerous potential transactions and in connection therewith may exchange Common Shares for other assets or may sell Common Shares to increase its cash position. The Reporting Person may also reconsider and change its plans or proposals relating to the foregoing. Except as otherwise disclosed herein, the Reporting Person has no current plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of the assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure including, but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 1

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer The filing of this statement by the Reporting Person shall not be construed as an admission that the Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by the statements herein. (a) For the purposes of this statement, the Reporting Person is reporting herein that, as of February 9, 2024, the Reporting Person was the beneficial owner of 17,978,364 Common Shares of the Issuer's common stock, representing approximately 14.96% of the Issuer's issued and outstanding common stock. (b) For the purposes of this statement, the Reporting Person is reporting herein that, as of February 9, 2024, the Reporting Person had the sole power to vote or to direct the voting of, or to dispose or to direct the disposition of 17,978,364 Common Shares of the Issuer's common stock, representing approximately 14.96% of the Issuer's common stock. (c) As of the date hereof, and within the sixty day period prior thereto, no transactions involving the Issuer's equity securities had been engaged in by the Reporting Person other than as disclosed herein. (d) As of the date hereof, to the best knowledge and belief of the undersigned, except as otherwise reported herein, no person other than the Reporting Person had the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Except as disclosed herein, the Reporting Person does not have any contract, arrangement, understanding or relationship with respect to securities of the Issuer including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. The Reporting Person has not pledged securities of the Issuer nor are the securities of the Issuer held by the Reporting Person subject to a contingency, the occurrence of which would give another person voting power or investment power over such securities.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits Not applicable. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Page 5 Dated: February 12, 2024 URANIUM ENERGY CORP. By: /s/ Pat Obara __________________ Name: Pat Obara Title: Chief Financial Officer

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View this SC 13D/A filing on SEC EDGAR