6-K

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM6-K

Reportof Foreign Private IssuerPursuant to Rule 13****a-16or 15d-16UNDER the Securities Exchange Act of 1934

For the month of May 2021

Commission File No.: 001-40359

UraniumRoyalty Corp.

(Translation of registrant’s name into English)

Suite1830, 1030 West Georgia Street

Vancouver,British Columbia, V6E 2Y3, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [  ]       Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EXHIBITINDEX

Exhibit 99.1

UraniumRoyalty Corp. Announces C$37 Million Financing Package

Comprisedof C$25 Million Bought Deal and C$12 Million Margin Loan

Notfor distribution to U.S. news wire services or dissemination in the United States.

**VANCOUVER,British Columbia, May 04, 2021 (GLOBE NEWSWIRE) — Uranium Royalty Corp (TSX-V: URC, NASDAQ: UROY, “URC” or the “Company”)**is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, under which the underwriters have agreed to purchase, on a bought deal basis, 6,100,000 common shares (the “Common Shares”), at a price of C$4.10 per Common Share, for gross proceeds of approximately C$25 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about May 20, 2021 and is subject to the Company receiving all necessary regulatory approvals.

The net proceeds of the offering will be used to fund future purchases of U3O8, royalty and stream interests, and for working capital.

Insiders have indicated they will participate in the purchase of Common Shares representing approximately 19% of the Offering.

Concurrent with the bought deal, URC is pleased to announce they have received a commitment letter for a C$12 million margin loan (the “Margin Loan”) from Bank of Montreal. The Margin Loan will be subject to an interest rate of 12-month USD LIBOR plus 5.50% per annum and customary margin requirements.

The Common Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada, except Quebec, and may also be offered by way of private placement in the United States.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

AboutUranium Royalty Corp.

Uranium Royalty Corp. is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, as well as through holdings of physical uranium. The Company’s strategy recognizes the inherent cyclicality of valuations based on uranium prices, including the impact of such cyclicality on the availability of capital within the uranium sector and the current historically low uranium pricing environment. The Company intends to execute on its strategy by leveraging the deep industry knowledge and expertise of its management team and its board to identify and evaluate investment opportunities in the uranium industry. The Company’s management and board include individuals with decades of combined experience in the uranium and nuclear energy sectors, including specific expertise in mine finance, project identification and evaluation, mine development and uranium sales and trading.

ForwardLooking Statements

Certainstatements in this news release may constitute “forward-looking statements”, including those regarding the expected completionof proposed acquisitions, uranium markets and expectations regarding projects in which the Company has an interest. Forward-looking statementsare statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future.When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”,“will”, “believes”, “intends” “should”, “could”, “may” and othersimilar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the current expectationsand beliefs of the Company’s management. These statements involve significant uncertainties, known and unknown risks, uncertaintiesand other factors and, therefore, actual results, performance or achievements of the Company and its industry may be materially differentfrom those implied by such forward-looking statements. They should not be read as a guarantee of future performance or results, and willnot necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual resultsto differ materially from such forward-looking statements, including, without limitation, any inability to satisfy conditions to completionof the transaction or to complete the transactions as contemplated or at all, any ability of such operators to achieve production, risksinherent to royalty companies, uranium price volatility, risks related to the operators of the projects underlying the Company’sexisting and proposed interests and those other risks described in the Annual Information Form and other filings with Canadian securitiesregulators and the U.S. Securities and Exchange Commission. These risks, as well as others, could cause actual results and events tovary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakesno obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

Neitherthe TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacyor accuracy of this release.