Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

April 18, 2011 11:24 ET

Uranium Participation Corporation Reports Net Asset Value at March 31, 2011

TORONTO, ONTARIO--(Marketwire - April 18, 2011) -

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Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at March 31, 2011 was CDN$854,065,000 or CDN$7.94 per share. As at March 31, 2011, Uranium Corp's investment portfolio consisted as follows:

(in thousands of Canadian dollars, except quantity amounts)QuantityCostMarket Value
Investments in Uranium:
Uranium oxide in concentrates ("U3O8")7,250,000 lbs$342,495$440,347
Uranium hexafluoride ("UF6")2,374,230 KgU$389,998$403,773
$732,493$844,120
U3O8 average cost and market value per pound:
- In Canadian dollars$47.24$60.741
- In United States dollars$43.23$62.50
UF6 average cost and market value per KgU:
- In Canadian dollars$164.26$170.071
- In United States dollars$152.06$175.00
1Converted at the March 31, 2011 exchange rate of $0.9718.

In March 2011, all outstanding stock options assumed as part of the Uranium Limited acquisition were exercised resulting in the issuance of 1,237,500 Uranium Corp shares and the receipt of CDN$7,951,000 in cash proceeds.

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

    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372
    www.uraniumparticipation.com