Item 8.01 Other Events.

On July 30, 2021, URYL issued a press release announcing that it had entered into a letter of intent with TrueNorth Quantum Inc., a corporation incorporated in the Province of Alberta, Canada ("TrueNorth") for the Company's acquisition of TrueNorth. The parties are working towards entering into definitive agreements. The foregoing description is qualified in its entirety by the terms of the full text of the press release, attached hereto as an exhibit.

Forward- Looking Statements

Certain statements contained in this Current Report that are not statements of historical fact are intended to be and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Generally, forward-looking statements include expressed expectations of future events and the assumptions on which the expressed expectations are based. All forward-looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected. The Company undertakes no obligation to update or revise this Current Report to reflect future developments except as otherwise required by the Securities Exchange Act of 1934.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed herewith.





Exhibit No.   Description
99.1            Press Release for TrueNorth Letter of Intent










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