Uranium Participation Corporation Reports Net Asset Value at November 30, 2014
04.12.2014 | Marketwire
TORONTO, ONTARIO -- (Marketwired - Dec. 4, 2014) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at November 30, 2014 was CAD$696.4 million or CAD$5.96 per share. As at November 30, 2014, UPC's investment portfolio consisted as follows:(in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value
Investments in Uranium:
Uranium oxide in concentrates("U3O8")
8,876,811 lbs $405,741
Uranium hexafluoride ("UF6")
2,153,471 KgU $272,8501
$678,591
U3O8 market value per pound:
- In Canadian dollars $45.712
- In United States dollars $40.00
UF6 market value1 per KgU:
- In Canadian dollars $126.702
- In United States dollars $110.88
1 Includes a CAD$3,987,000 fair value adjustment for UPC's UF6 inventory held at the United States Enrichment Corporation's enrichment facility.
2 Market values are month-end spot prices published by Ux Consulting Company, LLC, translated at the month-end noon exchange rate of $1.1427.
During November, UPC purchased 200,000 pounds of uranium as U3O8 at an average cost of US$36.25 per pound.
In addition, UPC has commitments to sell the conversion component of 250,000 kgU as UF6. To facilitate the sale of the conversion components, UPC will receive 653,213 pounds of U3O8 and cash consideration of US$1,772,500. The transaction will occur in three tranches of 100,000 KgU as UF6, 50,000 KgU as UF6 and 100,000 KgU as UF6 for delivery in December 2014, February 2015 and May 2015, respectively
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.
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CONTACT INFORMATION
Uranium Participation Corporation
Ron Hochstein, President and Chief Executive Officer
(416) 979-1991 Ext. 232
James Anderson, Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com