Uranium Participation Corporation

TSX : U


Uranium Participation Corporation

September 03, 2014 08:00 ET

Uranium Participation Corporation Reports Net Asset Value at August 31, 2014

TORONTO, ONTARIO--(Marketwired - Sept. 3, 2014) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at August 31, 2014 was CAD$518.9 million or CAD$4.44 per share. As at August 31, 2014, UPC's investment portfolio consisted as follows:

(in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value
Investments in Uranium:
Uranium oxide in concentrates ("U3O8") 8,676,811 lbs $ 292,060
Uranium hexafluoride ("UF6") 2,153,471 KgU $ 199,4401
$ 491,500
U3O8 market value per pound:
- In Canadian dollars $ 33.662
- In United States dollars $ 31.00
UF6 market value1 per KgU:
- In Canadian dollars $ 92.612
- In United States dollars $ 85.29
1 Includes a CAD$3,987,000 fair value adjustment for UPC's UF6 inventory held at the USEC Inc. enrichment facility.
2 Market values are month-end spot prices published by Ux Consulting Company, LLC, translated at the August 31, 2014 exchange rate of $1.0858.

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 through increases in the uranium price. 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 and Chief Executive Officer
    (416) 979-1991 Ext. 232

    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372