Uranium Participation Corp.’s estimated net asset value at Feb. 28, 2018, was $463.3-million, or $3.50 per share. As at Feb. 28, 2018, Uranium Participation’s uranium investment portfolio was as shown in the attached table.
(in thousands of dollars, Quantity Fair value
except quantity amounts)
Investments in uranium
Uranium oxide in concentrates (U3O8) 13,484,354 lb $ 367,032
Uranium hexafluoride (UF6) 1,117,230 KgU $ 88,726
U3O8 fair value per pound
In Canadian dollars (1) $ 27.22
In U.S. dollars $ 21.25
UF6 fair value (1) per KgU
In Canadian dollars (1) $ 79.42
In U.S. dollars $ 62.00
(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 $1.2809.
On Feb. 28, 2018, the common shares of Uranium Participation closed on the Toronto Stock Exchange at a value of $4, which represents a 14.29-per-cent premium to the net asset value of $3.50 per share.
About Uranium Participation Corp.
Uranium Participation 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. Uranium Participation 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.