Skip navigation

  1. Try the new Globe Investor beta site

    We're building you a new Globe Investor that is smarter, faster and easier to use.
    We'll be rolling out new sections, features and tools over the coming months.

  3. Check out these features:

News from Marketwire

Uranium Participation Corporation Reports Net Asset Value at June 30, 2009

14:35 EDT Monday, July 27, 2009

TORONTO, ONTARIO--(Marketwire - July 27, 2009) -

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

Uranium Participation Corporation (TSX:U)("Uranium Corp") reports its net asset value at June 30, 2009 was CDN$668,847,000 or CDN$7.80 per share. As at June 30, 2009, Uranium Corp's investment portfolio consisted as follows:


----------------------------------------------------------------------------
(in thousands of Canadian dollars,                                 Market
 except quantity amounts)                   Quantity       Cost     Value
----------------------------------------------------------------------------

Investments in Uranium:
 Uranium oxide in concentrates
  ("U3O8")                             5,525,000 lbs  $ 267,566 $ 333,986
 Uranium hexafluoride ("UF6")          1,842,230 KgU  $ 324,177 $ 304,106

----------------------------------------------------------------------------
                                                      $ 591,743 $ 638,092
----------------------------------------------------------------------------
----------------------------------------------------------------------------

 U3O8 average cost and market value
  per pound:
  - In Canadian dollars                               $   48.43 $   60.45(1)
  - In United States dollars                          $   43.41 $   52.00
 UF6 average cost and market value
  per KgU:
  - In Canadian dollars                               $  175.97 $  165.08(1)
  - In United States dollars                          $  161.39 $  142.00
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(1) Converted at the June 30, 2009 exchange rate of $1.1625.

Uranium Corp has agreed to purchase 120,000 KgU as UF6 for US$15,600,000. Delivery of the UF6 is anticipated in the fourth calendar quarter of 2009 and will be funded from cash on hand.

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Uranium Participation Corporation
Ron Hochstein
President
(416) 979-1991 Ext. 232
or 
Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372

www.uraniumparticipation.com

© Marketwire


 

Back to top