Nature of Operations |
3 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Nature of Operations | 1. Nature of Operations Uranium Royalty Corp. (“New URC”) was newly incorporated in the State of Delaware on May 1, 2026 and is principally engaged in acquiring and assembling a portfolio of royalties and investing in companies with exposure to uranium, physical uranium, trona or natural soda ash deposits and related assets. As a result of the transaction completed pursuant to an arrangement agreement dated April 16, 2026 (the “Arrangement Agreement” and such transaction, the “Transaction”) described in Note 3, New URC became the legal parent of the combined business consisting of Uranium Royalty Corp. (“Old URC”), a corporation under the laws of Canada, and the Sweetwater Entities (as defined in Note 3). For accounting purposes, Old URC is the accounting acquirer and the Sweetwater Entities are the accounting acquirees. Accordingly, the consolidated financial statements are, in substance, a continuation of Old URC’s financial statements, with the assets acquired and liabilities assumed from the Sweetwater Entities recognized in accordance with the acquisition method of accounting as of July 27, 2026. In these financial statements, the "Company” refers to New URC and its subsidiaries for periods following the completion of the Transaction and to Old URC and its subsidiaries for periods prior to July 27, 2026, unless otherwise indicated. |