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Uranium Participation Corporation Reports Net Asset Value at September 30, 2012


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Published in Stocks and Investing on Tuesday, October 2nd 2012 at 12:01 GMT by Market Wire   Print publication without navigation


October 02, 2012 14:48 ET

Uranium Participation Corporation Reports Net Asset Value at September 30, 2012

TORONTO, ONTARIO--(Marketwire - Oct. 2, 2012) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation (TSX:U) ("UPC") reports its estimated net asset value at September 30, 2012 was CDN$647.5 million or CDN$6.09 per share. As at September 30, 2012, UPC'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$331,630
Uranium hexafluoride ("UF6")2,374,230 KgU$389,998$304,787
$732,493$636,417
U3O8 average cost and market value per pound:
- In Canadian dollars$47.24$45.741
- In United States dollars$43.23$46.50
UF6 average cost and market value per KgU:
- In Canadian dollars$164.26$128.371
- In United States dollars$152.06$130.50
1 Converted at the September 30, 2012 exchange rate of $0.9837.

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 ].




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