TORONTO, ONTARIO--(Marketwired - Sept. 5, 2013) -
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Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at August 31, 2013 was CAD$526.7 million or CAD$4.95 per share. As at August 31, 2013, UPC's investment portfolio consisted as follows:
| (in thousands of Canadian dollars, except quantity amounts) | Quantity | Cost | Market Value |
||||
| Investments in Uranium: | |||||||
| Uranium oxide in concentrates ("U3O8") | 7,250,000 lbs | $ | 342,495 | $ | 267,782 | ||
| Uranium hexafluoride ("UF6") | 2,374,230 KgU | $ | 389,998 | $ | 251,179 | ||
| $ | 732,493 | $ | 518,961 | ||||
| U3O8 average cost and market value per pound: | |||||||
| - In Canadian dollars | $ | 47.24 | $ | 36.941 | |||
| - In United States dollars | $ | 43.23 | $ | 35.00 | |||
| UF6 average cost and market value per KgU: | |||||||
| - In Canadian dollars | $ | 164.26 | $ | 105.791 | |||
| - In United States dollars | $ | 152.06 | $ | 100.25 | |||
| 1 Converted at the August 31, 2013 exchange rate of $1.0553. |
At August 31, 2013, UPC has commitments to sell the conversion component of 120,759 KgU as UF6 for delivery in September 2013, and the conversion component of 100,000 KgU as UF6 for delivery in January 2014. To facilitate the sale of the conversion components, UPC will transfer 220,759 KgU as UF6 to the buyers and receive 576,811 pounds of U3O8 and consideration of US$2,117,000 (CAD$2,234,000).
About Uranium Participation Corporation
Uranium Participation Corporation is a company that 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:
Ron Hochstein
President and Chief Executive Officer
(416) 979-1991 Ext. 232
Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372