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    <dei:AmendmentDescription contextRef="From2025-05-01to2026-04-30" id="Fact000048">This
Amendment No. 1 on Form 10-K/A (this &#x201c;Amendment&#x201d;) amends the Annual Report on Form 10-K of Uranium Royalty Corp. (the &#x201c;Company&#x201d;)
for the fiscal year ended April 30, 2026, originally filed with the Securities and Exchange Commission (the &#x201c;SEC&#x201d;) on July
28, 2026 (the &#x201c;Original Report&#x201d;), solely to include the information required by Part III, Items 10 through 14, of Form 10-K.&#160;We
are filing this Amendment for the sole purpose of filing the information required by Part III of Form 10-K. We previously omitted this
information from the Original Report in reliance on General Instruction G(3) to Form 10-K, which permits this information to be incorporated
by reference from a registrant&#x2019;s definitive proxy statement if the proxy statement is filed within 120 days after fiscal year-end.
We are filing this Amendment to include Part III information in our Original Report because we do not intend to file a definitive proxy
statement for an annual meeting of stockholders containing such information within 120 days after the end of our fiscal year ended April
30, 2026.

&#160;

This
Amendment amends and restates in their entirety the cover page and Part III of the Original Report. Capitalized terms not otherwise defined
in Part III of this Amendment shall have the same meanings assigned to those terms in Parts I and II of the Original Report.

&#160;

Pursuant
to the rules of the SEC, Part IV, Item 15 (Exhibit Index) has also been amended to contain the currently dated certifications from our
principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. The certifications
of our principal executive officer and of our principal financial officer are attached to this Amendment as Exhibits 31.1 and 31.2, respectively.
The cover page is also amended to update the number of shares outstanding as of the latest practicable date and to remove the statement
that information is incorporated by reference from the Company&#x2019;s definitive proxy statement.

&#160;

Because
no financial statements or other financial information have been included in this Amendment and this Amendment does not contain or amend
any disclosure with respect to Items 307 and 308 of Regulation S-K, we have omitted paragraphs 3, 4 and 5 of the certifications filed
with this Amendment. Additionally, we are not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002, because
we are not filing any financial statements with this Amendment.

&#160;

The
remainder of the Original Report remains the same as previously reported in the Original Report, and there are no other changes to the
Company&#x2019;s financial statements or disclosures and there are no changes to the Company&#x2019;s reported results. This Amendment
does not reflect any subsequent events occurring after the filing date of the Original Report and does not modify or update in any way
the disclosures made in the Original Report except as described above. Accordingly, this Amendment should be read in conjunction with
the Original Report and with our filings with the SEC after the Original Report.

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