Uranium Participation Corporation Reports Net Asset Value at February 28, 2014
March 03 2014 - 11:06AM
Marketwired
Uranium Participation Corporation Reports Net Asset Value at
February 28, 2014
TORONTO, ONTARIO--(Marketwired - Mar 3, 2014) -
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 February 28, 2014 was CAD$602.9
million or CAD$5.16 per share. As at February 28, 2014, UPC's
investment portfolio consisted as follows:
(in thousands of Canadian dollars, except quantity
amounts) |
|
Quantity |
Cost |
Fair Value |
|
|
|
|
|
Investments in Uranium: |
|
|
|
|
|
Uranium oxide in concentrates ("U3O8") |
|
7,826,811 lbs |
$ |
376,859 |
$ |
307,721 |
|
Uranium hexafluoride ("UF6") |
|
2,153,471 KgU |
$ |
353,357 |
$ |
232,1251 |
|
|
|
|
|
|
|
|
|
|
$ |
730,216 |
$ |
539,846 |
|
|
|
|
|
|
|
|
U3O8 average cost and market value per pound: |
|
|
|
|
|
|
|
|
- In
Canadian dollars |
|
|
$ |
48.15 |
$ |
39.322 |
|
|
- In
United States dollars |
|
|
$ |
44.01 |
$ |
35.502 |
|
UF6 average cost and market value per KgU: |
|
|
|
|
|
|
|
|
- In
Canadian dollars |
|
|
$ |
164.09 |
$ |
109.642 |
|
|
- In United States dollars |
|
|
$ |
152.26 |
$ |
99.002 |
1 Includes a CAD$3,987,000 fair value adjustment for UPC's UF6
inventory held at the USEC Inc. enrichment facility. |
2 Market values reflect month-end spot prices published by Ux
Consulting Company, LLC, translated at the February 28, 2014
exchange rate of $1.1075. |
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.
Uranium Participation CorporationRon HochsteinPresident and
Chief Executive Officer(416) 979-1991 Ext. 232Uranium Participation
CorporationJames AndersonChief Financial Officer(416) 979-1991 Ext.
372www.uraniumparticipation.com
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