Vancouver,British Columbia,V6E 4A2,Canada(604)396-8222 (Address and telephone number of Registrant’s principal executive offices)C T Corporation System UROYThe Nasdaq Stock Market LLCSecurities registered or to be registered pursuant to Section 12(g) of the Act: None. For annual reports, indicate by check mark the information filed with this Form:[X]Annual information form[X]Audited annual financial statementsIndicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). [ ] EXPLANATORY NOTEUranium Royalty Corp. (the "Company") is a Canadian public company whose common shares are listed on the Toronto StockExchange and on the Nasdaq Capital Market. The Company is eligible to file its annual report pursuant to Section 13 of theSecurities Exchange Act of 1934, as amended (the "Exchange Act"), on Form 40-F pursuant to the multi-jurisdictional disclosuresystem of the Exchange Act. The Company is a "foreign private issuer" as defined by Rule 3b-4 under the Exchange Act. Equitysecurities of the Company are accordingly exempt from Sections 14(a), 14(b), 14(c), 14(f) and 16 of the Exchange Act pursuant toRule 3a12-3.References to the "Registrant" or "Company" in this annual report mean Uranium Royalty Corp. and its subsidiaries, unless the obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events orotherwise, unless otherwise required by law. Statements relate to the expectations of management about future events, results ofoperations and the Company's future performance (both operational and financial) and business prospects. All statements other thanstatements of historical fact are forward-looking statements. The use of any of the words "anticipate," "plan," "contemplate,""continue," "estimate," "expect," "intend," "propose," "might," "may," "will," "shall," "project," "should," "could," "would," looking statements attributed to third-party industry sources.Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about thebusiness and the industry and markets in which the Company operates including, among other things, the following: market pricesof uranium; global economic and financial conditions; global political conditions and trade policies; demand for uranium; uraniumsupply; industry conditions; the ongoing operation of the properties in which the Company holds or may hold uranium interests; performance; the impact of general business and economic conditions; future financial capacity, liquidity and capital resources;anticipated future sources of funds to meet working capital requirements; future capital expenditures and contractual commitments;expectations respecting future financial results; expectations with respect to the Company's financial position; expectations 1 factors: limited or no access to data or the operations underlying the Company's interests; dependence on third party operators;dependence on future payments from owners and operators; a majority of the Company's assets are non-producing; royalties,streams and similar interests may not be honoured by operators of a project; defects in or disputes relating to the existence, validity,enforceability, terms and geographic extent of royalties, streams and similar interests; royalty, stream and similar interests may besubject to buy-down right provisions or pre-emptive rights; project costs may influence the Company's future royalty returns; risksfaced by owners and operators of the properties underlying the Company's interests; title, permit or licensing disputes related to anyof the properties in which the Company holds or may hold royalties, streams or similar interests; excessive cost escalation, as wellas development, permitting, infrastructure, operating or technical difficulties on any of the properties underlying royalties, streamsor similar interests; volatility in market prices and demand for uranium and the market price of the Company's other investments,including as a result of geopolitical factors such as the ongoing conflict in Ukraine; changes in general econ