Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

March 29, 2010 09:19 ET

Uranium Participation Corporation Reports Net Asset Value at February 28, 2010

TORONTO, ONTARIO--(Marketwire - March 29, 2010) -

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Uranium Participation Corporation ("Uranium Corp")(TSX:U) reports its net asset value at February 28, 2010 was CDN$509,592,000 or CDN$5.95 per share. As at February 28, 2010, Uranium Corp'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")   5,545,000  lbs $   268,445   $  243,681
    Uranium hexafluoride ("UF6")   1,962,230  KgU $   341,003   $  235,461
       
    $   609,448   $  479,142
       
    U3O8 average cost and market value per pound:      
         - In Canadian dollars     $       48.41 $     43.951
         - In United States dollars    $       43.41 $       41.75
    UF6 average cost and market value per KgU:      
         - In Canadian dollars     $     173.78 $   120.001
         - In United States dollars     $     159.48 $     114.00

1 Converted at the February 28, 2010 exchange rate of $1.0526.

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
    www.uraniumparticipation.com