Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

April 23, 2008 09:11 ET

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

TORONTO, ONTARIO--(Marketwire - April 23, 2008) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at March 31, 2008 was CDN$662,068,000 or CDN$9.15 per share on a basic and fully diluted basis. As at March 31, 2008, Uranium Corp's investment portfolio consisted as follows:



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(in thousands of Canadian dollars, Quantity Average Market
except quantity amounts) Cost Value
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Investments in Uranium:
Uranium oxide in concentrates
("U3O8") 4,675,000 lbs $ 209,085 $ 341,186
Uranium hexafluoride ("UF6") 1,417,230 KgU $ 256,767 $ 282,614

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$ 465,852 $ 623,800
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U3O8 average cost and market
value per pound:
- In Canadian dollars $ 44.72 $ 72.98(1)
- In United States dollars $ 38.85 $ 71.00
UF6 average cost and market
value per KgU:
- In Canadian dollars $ 181.18 $ 199.41(1)
- In United States dollars $ 166.73 $ 194.00
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(1) Converted at the March 31, 2008 exchange rate of $1.0279.


At March 31, 2008, Uranium Corp had agreed to purchase 700,000 pounds of U3O8 for US$50,400,000 and 75,000 KgU as UF6 for US$14,600,000. Delivery of the U3O8 is anticipated in May 2008 and delivery of the UF6 is anticipated in June 2008. These commitments will be funded from cash on hand together with proceeds of Uranium Corp's public offering which closed on March 19, 2008.

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