Uranium Participation Corporation Reports Net Asset Value at November 30, 2011
06 December 2011 - 3:12AM
Marketwired Canada
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DISSEMINATION IN THE UNITED STATES.
Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net
asset value at November 30, 2011 was CDN$737.7 million or CDN$6.90 per share. As
at November 30, 2011, UPC's investment portfolio consisted as follows:
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(in thousands of Canadian dollars, Market
except quantity amounts) Quantity Cost Value
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Investments in Uranium:
Uranium oxide in concentrates
("U3O8") 7,250,000 lbs $ 342,495 $ 382,579
Uranium hexafluoride ("UF6") 2,374,230 KgU $ 389,998 $ 341,967
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$ 732,493 $ 724,546
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U3O8average cost and market value per
pound:
- In Canadian dollars $ 47.24 $ 52.77(1)
- In United States dollars $ 43.23 $ 51.75
UF6average cost and market value per
KgU:
- In Canadian dollars $ 164.26 $ 144.03(1)
- In United States dollars $ 152.06 $ 141.25
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(1) Converted at the November 30, 2011 exchange rate of $1.0197.
In the month of November 2011, UPC repurchased 300,000 of its common shares at a
cost of CDN$1,708,000 under a normal course issuer bid.
About Uranium Participation Corporation
Uranium 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 www.sedar.com and on Uranium Participation Corporation's website at
www.uraniumparticipation.com.
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