Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

March 04, 2015 08:00 ET

Uranium Participation Corporation Reports Net Asset Value at February 28, 2015

TORONTO, ONTARIO--(Marketwired - March 4, 2015) -

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 February 28, 2015 was CAD$732.6 million or CAD$6.27 per share. As at February 28, 2015, 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") 9,308,739 lbs $ 451,181
Uranium hexafluoride ("UF6") 2,003,471 KgU $ 264,1491
$ 715,329
U3O8 market value per pound:
- In Canadian dollars $ 48.472
- In United States dollars $ 38.75
UF6 market value1 per KgU:
- In Canadian dollars $ 131.852
- In United States dollars $ 105.41
1 Includes a CAD$3,987,000 fair value adjustment for UPC's UF6 inventory held at the United States Enrichment Corporation's enrichment facility.
2 Market values are month-end spot prices published by Ux Consulting Company, LLC, translated at the month-end noon exchange rate of $1.2508.

During February 2015, UPC purchased 40,000 pounds U3O8 at an average price of US$36.25 per pound U3O8.

On February 28, 2015, UPC completed its commitment to sell the conversion component of 50,000 kgU as UF6. To facilitate the sale of the conversion components, UPC received 130,643 pounds of U3O8 and cash consideration of US$357,500.

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.

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

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
    www.uraniumparticipation.com