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News from Marketwire

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

11:00 EST Wednesday, November 18, 2009

TORONTO, ONTARIO--(Marketwire - Nov. 18, 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 October 31, 2009 was CDN$600,611,000 or CDN$7.01 per share. As at October 31, 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  $ 294,655
 Uranium hexafluoride ("UF6")        1,962,230 KgU  $ 341,003  $ 283,290

------------------------------------------------------------------------
                                                    $ 608,569  $ 577,945
------------------------------------------------------------------------
------------------------------------------------------------------------

U3O8 average cost and market value
 per pound:
  - In Canadian dollars                               $ 48.43    $ 53.33(1)
  - In United States dollars                          $ 43.41    $ 49.50
UF6 average cost and market value
 per KgU:
  - In Canadian dollars                              $ 173.78   $ 144.37(1)
  - In United States dollars                         $ 159.48   $ 134.00
------------------------------------------------------------------------
------------------------------------------------------------------------

(1)Converted at the October 31, 2009 exchange rate of $1.0774.

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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