Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

November 18, 2009 11:00 ET

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

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) –

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Uranium Participation Corporation ("Uranium Corp") reports its net asset value at October 31, 2009 was CDN$600,611,000 or CDN$7.01 per share. As at October 31, 2009, Uranium Corp's investment portfolio consisted as follows:

(in thousands of Canadian dollars, except quantity amounts)QuantityCostMarket Value
    
Investments in Uranium:   
    Uranium oxide in concentrates ("U3O8")  5,525,000  lbs$   267,566  $  294,655
    Uranium hexafluoride ("UF6")  1,962,230  KgU$   341,003  $  283,290
    
  $   608,569  $  577,945
    
    U3O8 average cost and market value per pound:   
          - In Canadian dollars   $       48.43$     53.331
          - In United States dollars   $       43.41 $     49.50
    UF6 average cost and market value per KgU:   
          - In Canadian dollars   $     173.78 $   144.371
          - In United States dollars   $     159.48$   134.00

1 Converted at the October 31, 2009 exchange rate of $1.0774.

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