Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

August 15, 2008 09:18 ET

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

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2008) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at July 31, 2008 was CDN$610,985,000 or CDN$8.45 per share on a basic and fully diluted basis. As at July 31, 2008, Uranium Corp's investment portfolio consisted as follows:



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(in thousands of Canadian
dollars, except quantity amounts) Quantity Cost Market
Value
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Investments in Uranium:
Uranium oxide in
concentrates ("U3O8") 5,375,000 lbs $ 259,193 $ 355,597
Uranium hexafluoride ("UF6") 1,492,230 KgU $ 271,466 $ 272,443

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$ 530,659 $ 628,040
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U3O8 average cost
and market value per pound:
- In Canadian dollars $ 48.22 $ 66.16(1)
- In United States dollars $ 43.17 $ 64.50
UF6 average cost and
market value per KgU:
- In Canadian dollars $ 181.92 $ 182.57(1)
- In United States dollars $ 168.15 $ 178.00
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(1) Converted at the July 31, 2008 exchange rate of $1.0257.


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