Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

August 13, 2009 12:37 ET

Uranium Participation Corporation Reports Net Asset Value at July 31, 2009

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2009) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at July 31, 2009 was CDN$579,559,000 or CDN$6.76 per share. As at July 31, 2009, Uranium Corp's investment portfolio consisted as follows:



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(in thousands of Canadian dollars, Quantity Cost Market
except quantity amounts) Value
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Investments in Uranium:
Uranium oxide in concentrates
("U3O8") 5,525,000 lbs $ 267,566 $ 280,189
Uranium hexafluoride ("UF6") 1,842,230 KgU $ 324,177 $ 256,422

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$ 591,743 $ 536,611
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U3O8 average cost and market value
per pound:
- In Canadian dollars $ 48.43 $ 50.71(1)
- In United States dollars $ 43.41 $ 47.00
UF6 average cost and market value per
KgU:
- In Canadian dollars $ 175.97 $ 139.19(1)
- In United States dollars $ 161.39 $ 129.00
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(1) Converted at the July 31, 2009 exchange rate of $1.0790.


Uranium Corp has agreed to purchase 120,000 KgU as UF6 for US$15,600,000. Delivery of the UF6 is anticipated in the fourth calendar quarter of 2009 and will be funded from cash on hand.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.

Contact Information

  • Uranium Participation Corporation
    Ron Hochstein
    President
    (416) 979-1991 Ext. 232
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372