When I call sri.ArcGISRuntime.ArcGISRuntimeEnvironment.SetLicense(licenseString);
The result is Exception thrown: 'System.InvalidOperationException' in WinRT.Runtime.dll
Please advice.
Are you also seeing this if you just call ArcGISRuntimeEnvironment.Initialize() ?
If so it's most likely an issue with the native libraries not getting deployed.
What is your platform and target framework?