Uranium Participation Corporation Reports Net Asset Value at September 30, 2013
03.10.2013 | Marketwire
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.TORONTO, ONTARIO -- (Marketwired - Oct. 3, 2013) - Uranium Participation Corporation (TSX:U) ("UPC") reports its estimated net asset value at September 30, 2013 was CAD$513.2 million or CAD$4.83 per share. As at September 30, 2013, UPC's investment portfolio consisted as follows:
(in thousands of Canadian dollars, except quantity amounts)
Quantity Cost Market Value
Investments in Uranium:
Uranium oxide in concentrates ("U3O8") 7,565,525 lbs $ 361,400 $ 272,340
Uranium hexafluoride ("UF6") 2,253,471 KgU $ 369,955 $ 232,349
$ 731,355 $ 504,689
U3O8 average cost and market value per pound:
- In Canadian dollars $ 47.77 $ 36.001
- In United States dollars $ 43.73 $ 35.00
UF6 average cost and market value per KgU:
- In Canadian dollars $ 164.17 $ 103.111
- In United States dollars $ 151.97 $ 100.25
1 Converted at the September 30, 2013 exchange rate of $1.0285.
At September 30, 2013, UPC has a commitment to sell the conversion component of 100,000 KgU as UF6 for delivery in January 2014. To facilitate the sale of the conversion component, UPC will transfer 100,000 KgU as UF6 to the buyer and receive 261,286 pounds of U3O8 and consideration of US$1,000,000 (CAD$1,028,500).
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. 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.
Contact
Uranium Participation Corporation
Ron Hochstein, President and Chief Executive Officer
(416) 979-1991 Ext. 232
Uranium Participation Corporation
James Anderson, Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com