Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

February 19, 2008 15:33 ET

Uranium Participation Corporation Reports Net Asset Value at January 31, 2008

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2008) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at January 31, 2008 was CDN$630,450,000 or CDN$9.70 per share on a basic and fully diluted basis. As at January 31, 2008, Uranium Corp's investment portfolio consisted as follows:



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(in thousands of Canadian dollars,
except quantity amounts) Quantity Average Cost Market Value
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Investments in Uranium:
Uranium oxide in
concentrates ("U3O8") 4,475,000 lbs $ 197,093 $ 349,818
Uranium hexafluoride ("UF6") 1,417,230 KgU $ 260,618 $ 305,375

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$ 457,711 $ 655,193
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U3O8 average cost and market
value per pound:
- In Canadian dollars $ 44.04 $ 78.17(1)
- In United States dollars $ 37.91 $ 78.00
UF6 average cost and market
value per KgU:
- In Canadian dollars $ 183.89 $ 215.47(1)
- In United States dollars $ 169.23 $ 215.00
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(1) Converted at the January 31, 2008 exchange rate of $1.0022.


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
    E. Peter Farmer
    President
    (416) 979-1991 Ext. 231
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372
    Website: www.uraniumparticipation.com