Uranium Participation Corporation Reports Net Asset Value at February 28, 2014
March 03 2014 - 10:06AM
Marketwired Canada
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:
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(in thousands of Canadian
dollars, except quantity
amounts) Quantity Cost Fair Value
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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 $ 232,125(1)
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$ 730,216 $ 539,846
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U3O8 average cost and market
value per pound:
- In Canadian dollars $ 48.15 $ 39.32(2)
- In United States dollars $ 44.01 $ 35.50(2)
UF6 average cost and market
value per KgU:
- In Canadian dollars $ 164.09 $ 109.64(2)
- In United States dollars $ 152.26 $ 99.00(2)
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(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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Uranium Participation Corporation
Ron Hochstein
President and Chief Executive Officer
(416) 979-1991 Ext. 232
Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com
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