Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

December 05, 2011 12:12 ET

Uranium Participation Corporation Reports Net Asset Value at November 30, 2011

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) -

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Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at November 30, 2011 was CDN$737.7 million or CDN$6.90 per share. As at November 30, 2011, UPC's investment portfolio consisted as follows:

(in thousands of Canadian dollars, except quantity amounts) Quantity Cost Market Value
Investments in Uranium:
Uranium oxide in concentrates ("U3O8") 7,250,000 lbs $ 342,495 $ 382,579
Uranium hexafluoride ("UF6") 2,374,230 KgU $ 389,998 $ 341,967
$ 732,493 $ 724,546
U3O8 average cost and market value per pound:
- In Canadian dollars $ 47.24 $ 52.771
- In United States dollars $ 43.23 $ 51.75
UF6 average cost and market value per KgU:
- In Canadian dollars $ 164.26 $ 144.031
- In United States dollars $ 152.06 $ 141.25
1 Converted at the November 30, 2011 exchange rate of $1.0197.

In the month of November 2011, UPC repurchased 300,000 of its common shares at a cost of CDN$1,708,000 under a normal course issuer bid.

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