The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Uranium Participation Corporation Reports Net Asset Value at October 31, 2012

Thursday, November 01, 2012

Uranium Participation Corporation Reports Net Asset Value at October 31, 201215:14 EDT Thursday, November 01, 2012TORONTO, ONTARIO--(Marketwire - Nov. 1, 2012) -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 October 31, 2012 was CDN$607.1 million or CDN$5.71 per share. As at October 31, 2012, UPC's investment portfolio consisted as follows:(in thousands of Canadian dollars, except quantity amounts)QuantityCostMarket ValueInvestments in Uranium:Uranium oxide in concentrates ("U3O8")7,250,000 lbs$342,495$308,002Uranium hexafluoride ("UF6")2,374,230 KgU$389,998$288,354$732,493$596,356U3O8 average cost and market value per pound:- In Canadian dollars$47.24$42.481- In United States dollars$43.23$42.50UF6 average cost and market value per KgU:- In Canadian dollars$164.26$121.451- In United States dollars$152.06$121.501 Converted at the October 31, 2012 exchange rate of $0.9996. About Uranium Participation CorporationUranium 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 and on Uranium Participation Corporation's website at FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Uranium Participation CorporationRon HochsteinPresident(416) 979-1991 Ext. 232Uranium Participation CorporationJames AndersonChief Financial Officer(416) 979-1991 Ext.