Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

March 21, 2011 13:24 ET

Uranium Participation Corporation Reports Net Asset Value at February 28, 2011

TORONTO, ONTARIO--(Marketwire - March 21, 2011) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at February 28, 2011 was CDN$934,455,000 or CDN$8.79 per share. On a fully diluted basis, after assuming the exercise of outstanding stock options, net asset value per share was CDN$8.76. As at February 28, 2011, 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")   7,250,000 lbs $ 342,495 $ 492,489
  Uranium hexafluoride ("UF6")   2,374,230 KgU $ 389,998 $ 448,579
             
      $ 732,493 $ 941,068
             
  U3O8 average cost and market value per pound:            
    - In Canadian dollars     $ 47.24 $ 67.931
    - In United States dollars     $ 43.23 $ 69.75
  UF6 average cost and market value per KgU:            
    - In Canadian dollars     $ 164.26 $ 188.941
    - In United States dollars     $ 152.06 $ 194.00
 
1 Converted at the February 28, 2011 exchange rate of $0.9739.

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