T.U: Reports Uranium Purchases and Estimated Net Asset Value at December 31, 2017

TORONTO, ONTARIO–(Marketwired – Jan. 9, 2018) – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at December 31, 2017 was CAD$506.0 million or CAD$3.82 per share. As at December 31, 2017, UPC’s uranium investment portfolio consisted of the following:

(in thousands of Canadian dollars, except quantity amounts)			Quantity	Fair Value
Investments in Uranium:
	Uranium oxide in concentrates (“U3O8“)		11,430,024 lbs	$	340,550
	Uranium hexafluoride (“UF6“)		1,903,471 KgU	$	161,184
				$	501,734
	U3O8 fair value per pound:
		– In Canadian dollars 1		$	29.79
		– In United States dollars		$	23.75
	UF6 fair value1 per KgU:
		– In Canadian dollars 1		$	84.68
		– In United States dollars		$	67.50
1 Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.2545.

On December 31, 2017, the common shares of UPC closed on the TSX at a value of CAD$4.23, which represents a 10.73% premium to the net asset value of CAD$3.82 per share.

On October 4, 2017, UPC issued 11,600,000 common shares for total gross proceeds of $40,600,000 in a bought-deal equity offering intended to fund purchases of uranium and for general corporate purposes.

During the month of December 2017, the Corporation completed the purchase of an additional 630,000 pounds U₃O₈ at an average cost of US$20.53 (CAD$26.32) per pound U₃O₈. In total, the Corporation has purchased 1,350,000 pounds U₃O₈at an average cost of US$20.40 (CAD$25.90) per pound U₃O₈ with the proceeds of the October 2017 financing.

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. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. 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.

Source: Uranium Participation Corporation