TORONTO, ONTARIO--(Marketwired - May 5, 2015) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at April 30, 2015 was CAD$700.2 million or CAD$6.01 per share. As at April 30, 2015, UPC's investment portfolio consisted of the following:
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(in thousands of Canadian dollars, except
quantity amounts) Quantity Fair Value
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Investments in Uranium:
Uranium oxide in concentrates ("U3O8") 9,308,739 lbs $ 431,508
Uranium hexafluoride ("UF6") 2,003,471 KgU $ 255,810(1)
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$ 687,318
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U3O8 market value per pound:
- In Canadian dollars $ 46.36(2)
- In United States dollars $ 38.25
UF6 market value(1) per KgU:
- In Canadian dollars $ 127.68(2)
- In United States dollars $ 105.36
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(1) Includes a CAD$3,987,000 fair value adjustment for UPC's UF6 inventory
held at the United States Enrichment Corporation'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.About Uranium Participation Corporation
Uranium Participation Corporation is a company that 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 through increases in the uranium price. 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.