Mr. Ron Hochstein reports
URANIUM PARTICIPATION CORPORATION REPORTS NET ASSET VALUE AT APRIL 30, 2015
Uranium Participation Corp.'s estimated net asset value at April 30, 2015, was $700.2-million or $6.01 per share. UPC's investment portfolio as at April 30, 2015, is outlined in the attached table.
INVESTMENT PORTFOLIO
(in thousands of dollars except quantity amounts)
Quantity Fair value
Investments in uranium
Uranium oxide in concentrates (U3O8) 9,308,739 lb $ 431,508
Uranium hexafluoride (UF6) 2,003,471 KgU $ 255,810(1)
$ 687,318
U3O8 market value per pound
In Canadian dollars $ 46.36(2)
In U.S. dollars $ 38.25
UF6 market value (1) per KgU
In Canadian dollars $ 127.68(2)
In U.S. dollars $ 105.36
Notes:
(1) Includes a $3,987,000 fair value adjustment for UPC's UF6 inventory
held at the United States Enrichment Corp.'s enrichment facility.
(2) Market values are month-end spot prices published by Ux Consulting
Company LLC, translated at the month-end noon exchange rate of $1.2119.
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