Uranium Royalty to Buy Sweetwater in $1.1 Billion Nuclear Fuel Deal.

The article focuses on Uranium Royalty Corp.'s agreement to acquire Sweetwater Royalties for approximately $1.1 billion, creating a new U.S.-listed company to leverage rising demand for nuclear fuel. The combined entity, expected to list on Nasdaq as Uranium Royalty Corp., will have Orion Resource Partners LP holding a 43% stake and the Ontario Teachers' Pension Plan about 16%. Sweetwater Royalties owns significant mineral rights across Wyoming, Utah, and Colorado, including trona deposits, while Uranium Royalty holds uranium royalties and streams in the U.S. The deal reflects increased investment in critical minerals amid tightening uranium markets and efforts to enhance domestic nuclear fuel production, with completion anticipated in the third quarter pending approvals. [Extracted from the article]