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News from Marketwire

Uranium Participation Corporation Reports Net Asset Value at August 31, 2009

08:30 EDT Monday, September 21, 2009

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2009) -

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

Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at August 31, 2009 was CDN$578,613,000 or CDN$6.75 per share. As at August 31, 2009, Uranium Corp's investment portfolio consisted as follows:


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(in thousands of Canadian dollars,     Quantity       Cost     Market Value
 except quantity amounts)
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Investments in Uranium:
 Uranium oxide in 
  concentrates ("U3O8")           5,525,000 lbs  $ 267,566        $ 278,726
 Uranium hexafluoride ("UF6")     1,842,230 KgU  $ 324,177        $ 256,587

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                                                 $ 591,743        $ 535,313
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 U3O8 average cost and market 
  value per pound:
  - In Canadian dollars                            $ 48.43        $ 50.45(1)
  - In United States dollars                       $ 43.41          $ 46.00
 UF6 average cost and market 
  value per KgU:
  - In Canadian dollars                           $ 175.97       $ 139.28(1)
  - In United States dollars                      $ 161.39         $ 127.00
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(1) Converted at the August 31, 2009 exchange rate of $1.0967.

Uranium Corp has agreed to purchase 120,000 KgU as UF6 for US$15,600,000 on September 30, 2009 which 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

© Marketwire


 

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