Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

October 17, 2005 15:07 ET

Uranium Participation Corporation Reports Net Asset Value at September 30, 2005

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2005) -

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Uranium Participation Corporation ("Uranium Corp.") (TSX:U) reports its net asset value per share at September 30, 2005 was CDN$4.86 based on the spot price for U3O8 at September 30, 2005 which was US$31.25. The Company has purchased and taken delivery of 2,550,000 pounds of U3O8 at a total cost of CDN$89,382,000. Market value of the investment in U3O8, based on the September 30, 2005 spot price, was CDN$92,525,000.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company created to invest substantially all of its assets in uranium oxide in concentrates (U3O8), with the primary investment objective of achieving appreciation in the value of its U3O8 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