TORONTO, April 04, 2018 (GLOBE NEWSWIRE) — Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at March 31, 2018 was CAD$462.3 million or CAD$3.49 per share. As at March 31, 2018, 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”) 13,484,354 lbs $ 366,860 Uranium hexafluoride (“UF6”) 1,117,230 KgU $ 88,234 $ 455,094 U3O8 fair value1 per pound: – In Canadian dollars1 $ 27.21 – In United States dollars $ 21.10 UF6 fair value1 per KgU: – In Canadian dollars1 $ 78.98 – In United States dollars $ 61.25 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 $1.2894.
On March 31, 2018, the common shares of UPC closed on the TSX at a value of CAD$3.86, which represents a 10.60% premium to the net asset value of CAD$3.49 per share.
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 UPC’s website at www.uraniumparticipation.com.