Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

January 12, 2006 09:21 ET

Uranium Participation Corporation Reports Net Asset Value at December 31, 2005

TORONTO, ONTARIO--(CCNMatthews - Jan. 12, 2006) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation ("Uranium Corp.") (TSX:U) reports its net asset value per share at December 31, 2005 was CDN$5.56 based on the spot price for U3O8 at December 31, 2005 which was US$36.25 per pound. The Company has purchased and taken delivery of 3,550,000 pounds of U3O8 at a total cost of CDN$129,671,000. Market value of the investment in U3O8, based on the December 31, 2005 spot price, was CDN$150,037,000.

Uranium Corp. has also committed in November 2005 to purchase an additional 400,000 pounds of U3O8 at an average price of US$34.04 per pound excluding commissions. Delivery of these volumes will occur between January and April, 2006.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company created to invest substantially all of its assets in uranium oxide in concentrates (U3O8), with the primary investment objective of achieving appreciation in the value of its U3O8 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
    E. Peter Farmer
    President
    (416) 979-1991 Ext. 231
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372